Alex Pettas, an architect and landlord, invested in an apartment in Athens, Greece, in April 2024 to take advantage of favorable market conditions. With a rich background in real estate, including properties in San Francisco and Glendale, he recognized the potential for success in Greek real estate due to low prices post-crisis and the strong dollar against the euro. Although the process of purchasing property in Greece differs from the US, support from family and language proficiency eased the transaction. With the property rented on Airbnb, it generated more income than anticipated.
Purchasing property in Greece is manageable yet requires understanding different processes; personal connections, like family and language skills, can significantly assist in overcoming complexities.
The decision to buy an apartment in Athens stemmed from a strong family connection and favorable exchange rates, leading to advantageous property pricing during a crisis.
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