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Real Estate in Thessaloniki

Why Should You Invest in Thessaloniki?

Questions and Answers

Are the projects located in central areas?

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Are the projects located in central areas?

Useful Information

1. Full registration with the Land Registry

Ownership of the property in Greece belongs solely to the investor, and the apartment is registered in the investor’s name with the Greek Land Registry. Greece has a comprehensive sales law that governs the process of purchasing a new apartment and requires the developer to deposit the investor’s funds into escrow accounts at a designated bank.

2. Proximity to Israel

Just a two-hour flight from Israel

3. A government that encourages foreign investors

Local regulations that protect investors. In Greece, there is a low purchase tax of only 3%, regardless of the number of properties, and there is an exemption from capital gains tax (on the profit from the sale of an apartment). In addition, there is an international tax treaty between Greece and Israel that prevents double taxation.

4. Prices in Greece are still very attractive

Prices are on a steady upward trend, and according to expert forecasts, they are still far from reaching their full potential.

5. A Growing Economy

Greece’s economy is one of the fastest-growing in the European Union. This growth is driven by rising private consumption, a booming tourism industry [32 million tourists in 2022], and the influx of foreign high-tech companies. The impact of foreign investment on the local economy and EU funding is also evident.

6. The projects are located in central areas

All of PALMO's projects are located in central areas of Greece and in the areas with the highest demand

7. High yield

Yields in Greece are considered among the highest in Europe, due to the fact that real estate prices remain very attractive compared to other countries. The Greek real estate market is on the rise as a result of growing demand.

Projects We've Done

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