Everyone is talking about real estate investments, Palmo leads the real estate and investment market in Greece.
Palmo has been the leading company in the real estate investment industry in Greece for over 7 years and over 34 projects throughout Athens. So far, we have helped over 400 clients purchase property in Greece in projects and construction developments that we lead throughout Athens.
Over the years, we have recruited the best experts in the field of real estate in Greece, and thus we know how to identify unique opportunities and provide the required support from end to end. We provide a full support package, starting from locating the properties, developing and executing the projects, and managing the properties after delivery.
What makes Greece so unique?
Greece boasts the fastest-growing economy in Europe, thanks to a combination of thriving tourism, leading academia, and numerous real estate investments. The country offers attractive incentives to investors and creates an optimal environment for those looking for investments with high returns and continuous improvement potential.
1.
A unique tax treaty with Israel – 0% capital gains tax for up to 3 apartments.
2.
Abundant tourism – tens of millions of visitors per year.
3.
Proximity to Israel, Mediterranean weather, high quality of life, and a safe environment.
4.
A profitable economic investment: attractive price tags and risk diversification.
Founded by Peleg Yariv and Aviv Cohen, Palmo is the leading company supporting Israeli investors in the field of real estate in Greece. With proven experience of over 34 projects in Athens, including construction and urban renewal in central locations and areas of high demand, we focus on creating modern, high-quality properties tailored to the well-being of tenants.
What began as a partnership between two former IDF officers has become a groundbreaking venture in the field of investments in Greece. Since purchasing their first apartment in Athens, Peleg and Aviv have recognized the enormous potential of the Greek real estate market, and have turned it into a profession that they passionately pursue every day. To date, the company has accompanied hundreds of clients in fulfilling their “Greek dream” – buying a property for investment or residence.
As housing prices in Israel continue to climb to new heights, many of us are looking for affordable alternatives abroad. Greece, with its low prices compared to Israel, is a particularly popular destination for real estate investments. Following the 2008 economic crisis, real estate prices in Greece have remained very low and, in fact, are still about 15% lower than their pre-crisis peak. This is an ideal time to invest in Greece, as the market has not yet reached its peak, and all parameters point to the potential for significant value appreciation in the future.
Peleg Yariv, CEO and Owner
The real estate market in Greece presents unique opportunities for Israeli investors looking for investment avenues outside the country’s borders. With competitive prices compared to other major European cities such as Paris, London and Madrid, Greece, and Athens in particular, allows entry into the market at reasonable prices while expecting a significant increase in value in the coming years.
One of the most prominent advantages of investing in Greece is the thriving tourism sector. Athens alone attracts approximately 8 million tourists annually throughout the year, while the Greek islands enjoy extensive tourist traffic, especially in the summer months. This tourism creates a constant demand for real estate properties for rental, both long-term and short-term.
Another important aspect that is increasing the possibility for real estate investments in Greece is changes in the Greek lending industry. The mortgage market has recently opened up to locals, and with the expectation that banks will begin providing mortgages more easily, a significant price increase is expected in the Greek real estate market. Entering the market at this stage allows investors to benefit from growth potential before it is fully realized.
Another notable advantage of investing in Greece is the high return compared to Israel. While the average return on rental property in Israel is only about 2.7% (and even less in Tel Aviv), the return on renting property in Greece ranges from 5-6% for long-term rentals. For short-term rentals through platforms such as Airbnb, the return may even reach 7-10% per year.
The unique tax treaty between Israel and Greece offers significant tax benefits to Israeli investors. The treaty stipulates that the tax is paid only in the country of origin – that is, according to the tax regulations in Greece alone, which are significantly favorable for the investor. For example, there is a full exemption from capital gains tax for up to three apartments per person, which makes the investment particularly attractive for Israeli investors. The diverse offering of real estate properties in Greece, including student apartments, new projects and vacation homes, allows investors of all levels of initial capital to find opportunities that match their needs and financial capabilities. Beyond the investment aspect, purchasing a property in Greece also provides a “refuge” and a sense of security, especially considering the complex security reality in Israel.
In recent years, we have witnessed a significant increase in the number of Israelis looking for real estate investments in Greece. The geographical proximity, cultural similarity and Mediterranean weather make Greece a natural, accessible and convenient choice for Israeli investors. In addition, investments in Greece allow for risk diversification and constitute protection against inflation and economic uncertainty.
With Palmo, which has specialized in real estate in Greece and investments in Greece for over seven years, investors receive professional and comprehensive support throughout the entire process – from choosing the right property, through managing the purchase, to managing the property and renting it out. The team’s rich experience and local connections enable the identification of unique opportunities and the provision of customized solutions for each investor.
We use cookies to improve your browsing experience, provide personalized content, and analyze website traffic. By continuing to use this site, you agree to our use of cookies. For more details, please review our Privacy Policy.
