Greece Economy Analytics

Key economic indicators including GDP, inflation, and interest rates

GDP

$238.2

Gross Domestic Product

GDP Per Capita

$20,827

GDP per person

Inflation Rate

3.0%

Annual change in consumer prices

GDP

Gross Domestic Product

GDP Per Capita

GDP per person

Inflation Rate

Annual inflation rate

Unemployment Rate

Percentage of labor force that is unemployed

Interest Rate

Central bank interest rate

Government Debt to GDP

Government debt as percentage of GDP

Private Debt to GDP

Private sector debt as percentage of GDP

Households Debt to GDP

Household debt as percentage of GDP

Additional Insights

Expert analysis of Greece Economy trends and investment implications

Market Overview

Greece's current economic conditions present a mixed landscape for real estate investment. With a moderate inflation rate of 3% and an interest rate of 3.65%, financing costs are relatively low, which bodes well for property investment. However, a 9.9% unemployment rate may impact rental demand and tenant reliability, requiring careful tenant selection and management strategies.

Key Findings

Data-driven insights

•The inflation rate has decreased to 3% from a previous high, providing stability in real purchasing power for renters and investors alike.
•The interest rate at 3.65% offers favorable conditions for mortgage financing, reducing the cost of borrowing for investors.
•Unemployment remains a concern at 9.9%, potentially affecting rental demand as fewer people may have the ability to afford housing.
•The currency has remained relatively stable, minimizing currency risk for foreign investors.

Market Trends

Historical patterns

•A long-term trend of decreasing inflation, down 14.3% since 1960, enhancing real returns on property investments.
•Interest rates have fluctuated but are currently at a low point, indicating a favorable period for financing.
•Despite economic reforms, unemployment remains stubbornly high, posing risks to rental markets.

For Investors

Actionable takeaways

•Consider taking advantage of the current low interest rates to finance property acquisitions.
•Focus on properties in areas with strong employment prospects to mitigate rental demand risks.
•Implement currency hedging strategies to protect against potential euro volatility.
•Monitor inflation trends closely to ensure that property returns outpace cost of living increases.

Market Context

Greece is in a transitional economic phase, with reforms aimed at stabilizing its economy post-crisis. While it offers opportunities for property investment, particularly in high-demand tourist areas, investors must navigate structural challenges like unemployment and regional economic disparities.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.