pensioners

The demand for vacation houses in Greece by residents of different nations elevated by 11.8% within the first quarter of 2024, as, based on a latest report by Dimitra Skoufos in “NEA”, English, German and American primarily (however not solely) present a robust curiosity in buying a… sanctuary within the waters of the Aegean or the Ionian.

The mixture of this specific ingredient with the conclusions of latest associated analysis show that this isn’t a random phenomenon, however a development that has deep roots and is prone to final.

In sixth place

It’s indicative that, particularly with regard to the preferences of retirees, primarily those that come from nations with a reasonably excessive revenue and are capable of plan and notice their dream, all the surveys put Greece within the high positions. Not solely in Europe, however all around the world, the place the competitors is intense.

“Greece is an interesting mixture of sun-drenched islands, imposing mountains, bustling cities and limitless traditions. Wrapped within the heat embrace of the Aegean Sea, it is filled with life, hospitality and surprises” notes Worldwide Dwelling’s analysis for 2024, which, primarily based on the International Retirement Index, ranks our nation sixth worldwide within the checklist of “earthly paradises” for retirees.

The massive “ifs”

Does all the above imply that Greece has the proper to set the bar even larger? One might reply positively, if it had been restricted to a truth accepted by most: That it’s a nation endowed with uncommon pure magnificence and gives a mix that’s troublesome to seek out in different nations, even within the “rivals”. As at all times, nonetheless, there’s a second and darker aspect to the coin, which reminds us that a lot will depend on the alternatives made concerning the future and the event mannequin chosen.

The three components

Three information are indicative: The primary issues the price of residing and housing, which is consistently growing, shrinking on the identical time the relative benefit that Greece nonetheless has in comparison with different nations. The second has to do with the stability between the “product” that’s provided and the probabilities that exist for it to be adequately served – in an equation that clearly contains the wants of its inhabitants.

As for the third, it’s the one which, as a number of consultants warn, appears to threaten Greece’s biggest benefit. That is, in fact, local weather change, which brings ever-higher temperatures (particularly in summer season), water shortages on account of ever-decreasing snowfall and rainfall, and a collection of utmost climate occasions.

The sturdy “papers” of our nation

• Sunshine: With 2,665 hours of sunshine recorded per 12 months in Greece, the nation ranks second in Europe on the related checklist behind Malta, which has 2,993 hours.
• Clear seas: 625 seashores in Greece have the privilege of the “Blue Flag” this 12 months, with the end result that the nation comes second worldwide behind Spain (639) and forward of Turkey (567).
• Retirement visa: €24,000 per 12 months is the minimal “passive revenue” one will need to have secured to acquire a retirement visa, elevated by €400 monthly for the partner and €200 for every youngster. The visa has an preliminary length of two years and the holder should reside not less than half of the 12 months in Greece.
• Mediterranean weight loss plan: The standard Greek merchandise which are the uncooked materials for the Mediterranean weight loss plan might be discovered nearly all around the world, however in Greece they’re a element of most dishes in eating places and households.
• Value of residing: Regardless of skyrocketing costs, Greece remains to be thought of engaging in comparison with a number of nations at this stage. Particularly, so far as the USA is anxious, the comparability reveals that Greece is cheaper in housing by about 75%.
• Historical past – archaeological websites: From the Acropolis and its museum to Sounio, from Olympia and Epidaurus to Meteora and Vergina and from Crete, Delos, Samothrace and Corfu, Greece gives the chance of a lifetime contact with one of the crucial historical civilizations on the planet.

The bell has rung…

Fierce competitors for the German market

Germany is Europe’s most populous and considered one of its wealthiest nations, and as such has historically been one of the crucial essential markets from which many search to draw retirees. Based on the 2022 information, Germany’s Funds paid pensions to 1.71 million individuals, who reside for a number of months of the 12 months in different nations.
This can be a third larger quantity than twenty years in the past, translating to 7% of all German pensioners.

It’s no coincidence, due to this fact, that many are “slaughtered” of their… apron. Primarily, the companions within the European Union, the place roughly 1.23 million German residents obtain pensions. Official figures present that Italy, Spain and Austria (the latter on account of each language and proximity) high the preferences.

Amongst third nations, a typical instance is Thailand the place, based on a latest report by “Handelsblatt”, a median German pensioner, whose earnings quantity to round 1,800 euros monthly, can have a spacious home of 120 sq. meters, in comparison with solely 400 -500 euros.
So far as Turkey is anxious, however, the devalued forex is a bonus, which makes it significantly reasonably priced to remain there, in addition to to accumulate a house.

In some areas, as a matter of truth, one can purchase a 70 sq. meter nation home, typically with a view and a pool, for as little as 40,000 euros. As for the price of residing, primarily based on an honest residing by which nobody will probably be disadvantaged of the fundamentals, it’s estimated that it corresponds to roughly two thirds of the corresponding one in Greece.

Coordination: Angelos Skordas

Editor: Panagiotis Sotiris