Israeli Families Seek Refuge in Greek Real Estate Amidst Gaza Conflict

Thessaloniki International Fair UAE

Israelis are actively searching for available properties to house entire families in the Thessaloniki market, as they seek refuge from the ongoing conflict in Gaza. To aid their efforts, they've enlisted the support of the local Jewish community in the northern Greek city, which is contributing in any way it can.

Many Israelis are prepared to pay a premium to secure properties, even if they'll be unoccupied for several months. The focus is on apartments, with an emphasis on short-term rental platforms such as Airbnb. Thessaloniki, due to its historical connections, is a prime location of interest, but there's also strong demand in Athens, especially in the southern suburbs and areas beyond the city limits.

In a sign of the times, a real estate agent recently secured a deal for two villas in the Saronida area for over six months, hoping for a semblance of calm in the region by then.

PASYDA president Andreas Chiou noted, "After the recent events in the Middle East, several Israelis sought safe havens in countries they consider friendly and free from the threat of missile attacks."

Cyprus is the first choice due to its proximity, followed by Greece, as Israeli citizens feel secure in these countries thanks to the growing positive relationship between them. Turkey, on the other hand, is being avoided, given President Erdoğan's criticism of Israel's actions in escalating the conflict.

Interest in Greece's "Golden Visa" program, which offers permanent residence and free movement in Europe for real estate purchases over €250,000, is also on the rise. Real estate agencies outside Athens and Thessaloniki, especially in places like Rhodes and Chania, are reporting interest from Israelis looking to invest in Greek properties.

This increased activity by Israelis is providing a boost to the Greek real estate market, which is regarded as one of the most affordable markets in Europe in terms of price per square meter and has gained stability in recent years.

Copyright Greekcitytimes 2024