After years in the doldrums, Greece is finally recovering from near financial ruin, with the latest data suggesting growth returning to the Mediterranean country. This presents an opportunity to savvy investors, who may see a sizeable return of investments if the current trends remain steady.
It’s a country that shows incredibly encouraging signs of growth thanks to some stringent and necessary government reforms and policies, not to mention the ingenuity of the country’s many young and legacy businesses. It’s something of a comeback story that is incredibly encouraging, given the crisis the rest of the world seems poised to descend into in the wake of the coronavirus crisis.
So, now might be the ideal time to invest in a country that has already come out the other side of incredibly financial hardship. Here are a few reasons why you should be considering investing in Greece.
Greece will always be one of Europe’s most attractive tourism destinations. Not only is the weather typically warm and Mediterranean but the cultural land historical heritage of the country is almost without parallel. For history buffs particularly, Greece represents one of the world’s most fascinating locations and now that the economic bubble has already burst, the tourism industry asset to skyrocket, with estimates that it will account for almost a quarter of Greek GDP by 2028. So get in now while you can!
There is always something rot be said for investing in an underdog and right now, Greece is certainly the underdog of Europe when it comes to investment. Greece is simply not on the agenda for many investors and its this under-appreciation that might be one of its greatest assets for forward-thinking investors.
The workforce in Greece is now mostly millennials who are eager to work and equipped with some incredible skills. A trip to Athens will help you understand just how motivated and educated these young minds are, with a tenacity that some might say has been catalysed by recent hardships. There are many reasons why the country has been able to bounce back but it’s the people that are top of that list.
Of course, when making any kind of investment, it’s always a good idea to ensure you have the best and most reliable sources backing up your decisions. So, before pulling the trigger on your Greek investment, check out authoritative sources such as the Financial Times and especially local news outlets, Also, if you’re struggling to choose your investments, reach out to a professional advisory agency like RSM to get the inside scoop on where to put your money and why.
But don’t drag your heels, because it’s only a matter of time before the rest of the world wakes up to the opportunity that Greece represents to investors.