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All Forum Posts by: Dimitris Vainas

Dimitris Vainas has started 1 posts and replied 5 times.

Post: Any investors in Greece?

Dimitris VainasPosted
  • Investor
  • Heraklion Crete, Greece
  • Posts 5
  • Votes 7

@Darren McPherson I'm still working on it, currently looking to buy a couple of units here in my hometown before the end of the year. Which places are you interested in?

Post: Any investors in Greece?

Dimitris VainasPosted
  • Investor
  • Heraklion Crete, Greece
  • Posts 5
  • Votes 7
Opportunities do exist, yes. I'm seeing a lot of people having success with flipping in Athens. There are quite a few old apartments that sell for cheap, but competition is fierce and you have to keep an eye out constantly.

You can use https://en.spitogatos.gr/property-index to find the average sale and rent price for different locations.

Also AirBnb is pretty big here, but I believe the government is about to change the regulation around it soon.

Originally posted by @Themi Stergianos:

@Dimitris Vainas

Hi Dimitri

I’m a swallow traveling from South Africa and wanting invest in Greece rental income opportunities. Do they exist and where is best to look?

Post: Any investors in Greece?

Dimitris VainasPosted
  • Investor
  • Heraklion Crete, Greece
  • Posts 5
  • Votes 7
Originally posted by @Ramsin Jacob:

@Dimitris Vainas

What is the best way to look up properties there in your opinion?

Hi Jacob!

Good to hear from you. 😊

Unless you talk to a specific realtor, I'd start with the most popular online platforms. Mainly:

https://www.xe.gr/ (the greek craigslist)

https://www.spitogatos.gr/ (literally translates to "house cat")

https://www.spiti24.gr/ (english version available)

https://www.tospitimou.gr/ (english version available)

Those are probably your best bet.

Although, as far as I understand, there are lots of off-market deals in Athens.

Let me know how it goes!

Post: Any investors in Greece?

Dimitris VainasPosted
  • Investor
  • Heraklion Crete, Greece
  • Posts 5
  • Votes 7
Originally posted by @Benjamin Canyon:

Hey there - we are looking to invest in a couple vacation rental properties in Athens as part of the Greek Golden Visa program. Curious what your thoughts are on short and long-term appreciation for properties in Athens? 

Hi Benjamin!

I'm not an expert in Athens to be honest.

But I'd look mostly into areas close to the metro (underground) stations, and also into the high end areas... With the golden visa minimum investment you can get a quite luxurious apartment/home in most cases.

 Also I'd look a bit outside the center, closer to the beach, like Porto Rafti.

Let me know if you move forward with this, I'd love to help out in any way that I can, even as a translator. :)

Post: Any investors in Greece?

Dimitris VainasPosted
  • Investor
  • Heraklion Crete, Greece
  • Posts 5
  • Votes 7

Hey everyone!

I'm Dimitris, a beginner investor living in Heraklion, Crete, Greece. I own 1 rental and am looking to buy my next one within 2021.

Would love to meet bigger pockets members who are investing or looking to invest in the country.

Let's connect!