Investors from Israel are interested in real estate in Greece.

Israeli investment in Greek real estate over the past few years has significantly contributed to the recovery in the real estate market.

According to local professionals, there has been a further increase in activity in recent months and Israeli interests, including companies and institutional investors, have invested more than €200 million in Greek real estate.

About two months ago, one of the largest investors in the short-term rental sector purchased more than 115 apartments from a Greek bank for a sum of €10 million.

Approximately 20 percent of these properties are in Athens, with the rest located on various islands and in other cities around the country.

The Israeli-owned Zoia Foundation, managed by Sagi Rubin, currently manages 19 buildings in Athens, focusing on the residential and office market.

This investment fund has been one of the biggest players in the Greek market in recent years.

Other Israeli groups have also invested in Greek real estate: Beni Steinmetz has allegedly purchased two commercial and residential buildings in the center of Athens in the past few months and has expressed interest in hotels as well.

T Meanwhile, the Fattal group recently won the bidding for the long-term lease of the former Esperia Palace hotel in the center of Athens with its monthly rent offer of 95,800 euros.