The new and happy news is that last year the Greek banks started providing mortgages to the local market and foreign investors.
The reform was launched in the second half of 2023, in light of the improvement of Greece’s economic situation, and as a result of the flow of foreign investors into the country.

In the last decade, Greece has known years of economic crisis, as a result of which the value of real estate decreased significantly. This reduced the borrowers’ ability to meet their obligations to repay the mortgage loans. Therefore, in the previous years, banks in Greece stopped real estate financing activities completely, and in particular to foreign buyers, for over a decade.

Now, everything has changed in favor of the foreign investors. The banks do this very carefully, but with IGB’s support, the complicated bureaucratic procedure that seeks to take out a mortgage in Greece on its own is shortened.

We carry out the process successfully and on a reasonable schedule. how does it work We at the IGB company work with the banks in Greece from the senior management level up to the designated official who handles us directly and daily with every request.

Even before you purchase a plane ticket, we will know with a very high probability in advance whether the request will be approved and what amount will be received. Except for the collection of documents required by the client, no active action is required on his part until a final agreement is signed with the Greek bank.

Great news! Greek banks have resumed offering mortgages to both local and foreign investors as of late 2023.
This development follows Greece’s economic recovery and a surge in foreign investment. After years of economic crisis that led to a significant decline in property values, Greek banks had virtually halted real estate financing, especially for foreign buyers.
Now, the situation has changed in favor of foreign investors. While banks are proceeding cautiously, our partnership with IGB streamlines the complex bureaucratic process of obtaining a mortgage in Greece.
We handle the process efficiently and professionally, allowing you to make informed decisions even before booking your flight. Simply provide the necessary documents, and we’ll take care of the rest until the final agreement is signed with the Greek bank.
Our close collaboration with Greek banks, from senior management to dedicated account managers, ensures you receive the highest level of service and the quickest results.