Realty accounts for 54% of FDI

The real estate market and capital inflows from abroad for the acquisition of mainly houses have this year provided a lifeline to the foreign direct investments made in Greece.

According to Bank of Greece (BoG) data, out of a total of 2.1 billion euros of foreign direct investments made in the Greek economy in the first half of this year, 54.2%, or €1.14 billion, concerns the acquisition of real estate.

This is a new high, continuing this trend that started in early 2023 and seems to be continuing with increasing intensity. During this year's first quarter, the share of the real estate market in foreign investment was 43.3%, as €520 million had flowed in, while total flows from abroad had reached €1.2 billion.

However, the picture in the second quarter was different, as foreign capital for the purchase of real estate amounted to €622 million, while total...