Israeli Investors Take Centre Stage in Greece’s Property Market: What They're Buying and Why

In 2025, Israeli investors have emerged as one of the most active foreign buyer groups in Greece’s property market. From apartments in...

Over the past year, Israel-linked real estate entities have been appearing weekly in Greece’s corporate registries. This trend is not anecdotal—it’s structural. Israeli nationals and companies are becoming leading foreign buyers across Greece’s property and tourism markets.

Their investments range from:

  • Flats in central Athens

  • Luxury villas in Vouliagmeni–Voula–Vari

  • Hotels on the Aegean islands

  • Serviced apartments for resale and rental

  • Commercial office space for relocating business operations

🏙️ From residential homes to major redevelopment projects, Israeli capital is flowing into Greece at an unprecedented rate.


📈 From Minor Player to Market Leader in the Golden Visa Arena

Until recently, Chinese investors dominated Greece’s Golden Visa programme, accounting for up to 90% of residence permits. However, that balance is now shifting.

With an estimated 15,000 Chinese applications still pending, market analysts expect:

  • China’s share to drop to ~50%

  • Israel to overtake Turkey and rise from 10th place to second or even first

Golden Visa applications from Israeli individuals are rising sharply as families seek economic stability and EU access.


🏗️ Not Just Units—Entire Buildings and Mega Projects

Israeli investment is not limited to single flats or holiday homes. Entire buildings are being:

  • Purchased, refurbished, and

  • Converted into serviced apartments or luxury residences,
    primarily targeting Israeli buyers or international investors.

Key Example:

  • The former Keranis factory in Piraeus

    • Acquired by Golden Horizon Athens Investment IKE (Israel-linked)

    • Developed by Canada’s Mercan Group into the Keranis Residences project

    • Featuring 408 modern apartments

💶 Estimated annual Israeli real estate investment: €500M+, expected to surpass €1 billion soon.


🌊 Luxury, Location, and Long-Term Vision

Many current and future Israeli-led projects are targeting Greece’s high-end market:

  • A joint venture between an Israeli shipping magnate and a well-known Greek developer is underway in Mykonos and Attica

  • In the Vouliagmeni–Voula–Vari municipality, Israeli investors are buying up:

    • Villas and sea-view homes

    • Office spaces for relocating business operations

According to local mayors, this trend is extending into:

  • Athenian Riviera

  • Northern suburbs

  • Athens city centre


✈️ Israel-Greece Migration and Tourism Trends

The investment surge coincides with rising migration and tourism from Israel:

  • ~10,000 Israelis have relocated to Greece amid regional instability

  • In tourism:

    • 1 in 5 Israelis travelling abroad visit Greece

    • 500,000–750,000 Israeli tourist arrivals in 2024

Despite not yet being a top-five source market for Greek tourism, Israeli investment in the hospitality sector is leading the way.


🏨 Hospitality: Hotels, Resorts, and Major Chains

Israeli investors are heavily investing in Greek hotels:

Notable players include:

  • Fattal Hotels / Leonardo Hotels

    • Owns 4 operating hotels

    • Planning new hotels and expansions

    • Already invested €200M+

  • Isrotel Group

    • Operates 5 hotels via Aluma Hotels & Resorts

  • Brown Hotels

    • Initially Israeli, acquired by a Canadian-Israeli group

    • Now owns 11+ hotels in Greece

Additionally, many smaller Israeli-backed hotel groups are establishing a presence in Greece’s tourism sector—especially on popular islands.


🏝️ Holiday Home Demand and Island Presence

Israelis now rank among the top six nationalities buying vacation homes on the Greek islands. Their preferences:

  • High-end villas

  • Properties with dual use (personal & rental income)

  • Locations with strong air links to Tel Aviv

🌍 This is more than investment—it’s about lifestyle, mobility, and long-term strategy.


🔍 What’s Driving Israeli Interest in Greece?

  • 🇬🇷 Political stability and EU residency access

  • 🧾 Attractive Golden Visa programme (despite recent price hikes)

  • 💶 Affordable luxury compared to Israel

  • 🌐 Tax planning and business relocation opportunities

  • ☀️ Climate, culture, and proximity


✅ Conclusion: Israel and Greece—From Neighbours to Partners in Growth

Israeli capital is becoming a cornerstone of Greece’s post-pandemic economic recovery, particularly in real estate and tourism.

From residential homes to entire hotel chains, Israel is no longer a niche player, but a strategic partner. For developers, policymakers, and investors across Europe and the Middle East, this shift offers a clear message:

💡 Where policy aligns with opportunity, capital follows—fast.

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