40 pct of property buyers come from abroad-NBG

40 pct of property buyers come from abroad-NBG

Forty percent of buyers looking to acquire a property in Greece come from abroad, according to a report prepared by National Bank of Greece (NBG).

The report, which is based on a survey of the country's top 200 real estate investment companies and agents, said that demand for better quality properties is seen jump starting Greece's construction activity. Out of the total number of buyers shopping around for a property, about a third are ready to buy immediately with another 55 percent adopting a wait and see stance.

The report went on to add that the adoption of a stable tax framework and the completion of the national cadaster is needed to unlock the market's momentum.


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