Foreign Investors Interested in Developing New Resorts in Greece



The island of Thera (Santorini) in Greece

According to Enterprise Greece, the official agency of the Greek State to promote investment in Greece, many foreign investors in the sector of tourism have expressed interest in developing plots for the creation of tourist and holiday complexes, among which multi-resorts that combine hotels, golf courses and holiday housing in Greece.

This is a relatively new trend among foreign investors, mainly due to the sharp increase of the number of tourists who have visited Greece during the last few years, along with the realization that there aren’t existing tourism complexes for sale in Greece.

Porto Elounda Golf and Spa Resort in Crete

These two main factors have led investors to the conclusion that more investments are needed in order to cover the increasing demand in the Greek tourism industry.

Angela Michalopoulou, investment director at Enterprise Greece, says that the main focus of the investors is in the regions of Peloponnese, Dodecanese, Crete and Halkidiki.

According to Mark Cheney, who works for the Questex Hospitality Group, Greece’s tourism industry could trigger investments of more than €22 billion ($26 billion) in the next few years, something that could lead to the creation of more than half a million jobs — which would help significantly Greece’s economy.