# Top of the Props: Foreign buyers go back to Greece Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-02-24 Category: INVESTING Category URL: https://financedigest.com/category/investing Meta Title: Greece Climbs to 4th Place in International Property Popularity Meta Description: Greek real estate sees surge in interest as it climbs to 4th most popular country on TheMoveChannel.com's Top of the Props index, offering affordable Tags: featured Tag URLs: featured (https://financedigest.com/tag/featured) URL: https://financedigest.com/top-of-the-props-foreign-buyers-go-back-to-greecehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/1-36-1736844153093-compressed.jpg) - **Greece now 4th most popular country** - **Interest in Greek property at six-month high** - **Italy climbs to third place and Spain holds on to second** - **Investors return to Canada after recent dip in popularity** Foreign property buyers are going back to Greece at the start of 2017, reveals [**TheMoveChannel.com’s**](http://r20.rs6.net/tn.jsp?f=0011OXr7d1qjniVxCzXPLYgeligmifphjdpcNRG06jfxxBkhNrNtf3Hdi8R9kjbZ3Pb8R2T5Cp0X48Zj3YLqOgWDH1XcNgLbCYXI8N7yWtTWxz_WxlFVijDyei3T3xbUFIFHAnML2_QHftkX14osl29_8MxVDx4mUKTDmuWngwEQO01sYOS9pdacg==&c=BdKCkfHnqC8fkfygEs15piVvxke5fixa8aVFG5sP3Az25nNSsnV_Pg==&ch=xbUN9wPuh_Owpsi2yAgI0ZvwH1nLgwq7RdWsVquK47MHaUr3fK1Frg==) Top of the Props index. The country was the fourth most popular country on the international [property portal](https://www.financedigest.com/british-property-portal-rightmove-hikes-dividend-after-annual-profit-jump.html "British property portal Rightmove hikes dividend after annual profit jump") in January 2017, its first time in the Top 10 in six months. Greece stormed the charts at the start of the new year, rising 18 places to overtake Portugal in the [monthly report](https://www.financedigest.com/whatsapp-bans-2-4-million-indian-accounts-in-july-monthly-report.html "WhatsApp bans 2.4 million Indian accounts in July – monthly report"). Greek [real estate](https://www.financedigest.com/real-estate-brokers-vs-agents-which-one-should-you-work-with.html "Real Estate Brokers vs. Agents: Which One Should You Work With?") received 2.1 per cent of all enquiries on the international portal during January. This is the country’s [highest share of enquiries since](https://www.financedigest.com/russian-inflation-accelerates-to-7-61-m-m-in-march-highest-since-1999.html "Russian inflation accelerates to 7.61% m/m in March, highest since 1999") August 2013, when it accounted for 3.26 per cent of all enquiries. Greece’s last time in the Top 10 was in July 2016, when it was ranked ninth, with 1.39 per cent of enquiries. [Italy also enjoyed rising](https://www.financedigest.com/italy-cpi-rises-again-in-april-amid-energy-prices-volatility.html "Italy CPI rises again in April amid energy prices volatility") overseas interest, climbing five places in the Top of the props chart to be the third most sought-after destination. Italian real estate accounted for 5.97 per cent of January’s enquiries, up from 1.59 per cent in December 2016 and its highest [share since](https://www.financedigest.com/us-european-shares-rise-as-earnings-mixed-euro-dives-to-lowest-since-2017.html "US, European shares rise as earnings mixed; euro dives to lowest since 2017") August 2012 (6.12 per cent). Spain held on to second place, confirming the country’s continuing appeal to foreign investors. Portugal rose one place into fifth, increasing its share of enquiries from 1.92 per cent to 2.02 per cent. France slipped into ninth, but remained in the Top 10 for the 17th [month in a row](https://www.financedigest.com/sentiment-among-german-exporters-falls-for-third-month-in-a-row-ifo.html "Sentiment among German exporters falls for third month in a row -Ifo"), just above Thailand and just below Germany. After a dip in popularity, following the introduction of Vancouver’s foreign buyer tax last August, Canada saw investors return, with the country climbing into sixth place. The USA remained the most popular destination on TheMoveChannel.com for the seventh consecutive month, accounting for one in every six enquiries (14.65 per cent). After a brief rekindling of interest last summer, the start of 2017 showed signs of overseas [demand for Greek property flickering back to life,” comments TheMoveChannel.com Director](https://www.financedigest.com/david-murray-joins-veraviews-as-demand-director.html "David Murray joins VeraViews as Demand Director") **Dan Johnson**. Interest was not just contained to one area, but [across several regions](https://www.financedigest.com/tea-pitchers-market-sales-will-witness-stellar-revenue-growth-across-top-regional-pockets.html "Tea Pitchers Market Sales Will Witness Stellar Revenue Growth Across Top Regional Pockets"), with enquiries soaring for property in the North Aegean, Crete, the South Aegean and Attica. After a year of political uncertainty elsewhere, [talk of national debt](https://www.financedigest.com/wall-street-gains-treasury-yields-rise-as-debt-ceiling-talks-progress.html "Wall Street gains, Treasury yields rise as debt ceiling talks progress") and a potential ‘Grexit’ is back in the headlines in 2017, but Greece’s lifestyle appeal has not gone away. In fact, it is more affordable than ever, after [house prices](https://www.financedigest.com/uk-house-prices-show-unexpected-strength-in-october-nationwide.html "UK house prices show unexpected strength in October: Nationwide") have dropped for the last eight years in a row. In 2016, however, they fell 2.2 per cent, the smallest decrease [recorded since](https://www.financedigest.com/uk-economy-shrank-record-11-in-2020-worst-since-1709.html "UK economy shrank record 11% in 2020, worst since 1709") 2009\. With the [rate of decline slowing](https://www.financedigest.com/ecb-could-slow-rate-hikes-but-bond-run-off-should-start-soon-knot-says.html "ECB could slow rate hikes, but bond run-off should start soon, Knot says"), and owning a holiday home now an attractive alternative to renting, foreign interest in Greek real estate may be showing the first signs of a gradual rebound. US [property remains one of the most appealing in the world,”](https://www.financedigest.com/how-to-get-started-in-the-world-of-property-management.html "How to Get Started in the World of Property Management") adds Mr. Johnson. The country’s economy, regardless of its political situation, is stable, with the Federal Reserve still on course to raise interest [rates again this year](https://www.financedigest.com/u-s-rate-outlook-hits-stocks-propels-dollar-to-20-year-highs.html "U.S. rate outlook hits stocks, propels dollar to 20-year highs"). The country’s economic conditions may be the opposite of Greece, but their popularity shares one key factor: the [low price of Greek real estate maximises the potential yield](https://www.financedigest.com/german-real-yields-fall-to-new-record-lows-on-stagflation-fears.html "German real yields fall to new record lows on stagflation fears") available from rental income, while in the US, investors are racing to find the best possible returns, before property values climb too high. [Click here](http://r20.rs6.net/tn.jsp?f=0011OXr7d1qjniVxCzXPLYgeligmifphjdpcNRG06jfxxBkhNrNtf3HdtTvgbHadmBZSW1D9z_WZ6sTsTz_qSmBN6Fy798t1HcZvB6L9SHQa9IYnZGeH5SIGeXVJadTpVDHnm5O0GtuaIwEgRqdXCykAq7Z3BZk9iHWnlsXqpCRRG6oy0ZbdZ4JMpFqtjqHz--5YqBfi_FfUHN4f1dP3heoBNE92Sl4JpDUiRRO4zCaBGe9Flw_Nr7qgPKsJf4WxzdylHAYAj10Vly9l7d0L6-GXw==&c=BdKCkfHnqC8fkfygEs15piVvxke5fixa8aVFG5sP3Az25nNSsnV_Pg==&ch=xbUN9wPuh_Owpsi2yAgI0ZvwH1nLgwq7RdWsVquK47MHaUr3fK1Frg==) to see the full top 40 property destinations for January 2017. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---