Member of the Eurozone.
Economy on the rise after emerging from a crisis.
Low taxes and exemption from capital gains tax.
33 million tourists annually (as of 2018), regardless of economic conditions.
High levels of foreign investment.
Real estate prices still very low compared to pre-crisis levels.
Significant migration from rural areas to major cities.
Vibrant nightlife — a youthful city with numerous cafes, clubs, and entertainment venues.
Known as the student capital of the Balkans with over five universities, private colleges, and branches of international institutions.
More than 130,000 students arrive annually from across the Balkans, Cyprus, and Greece.
Foreign investments include metro development (scheduled to open in 2021), airport upgrades (expected to serve over nine million passengers annually), development of the second largest port in Greece, a new electric railway connecting to Athens, and investments in roads and infrastructure.
One of Greece’s cultural capitals — hosting more than 1.3 million tourists annually, half of whom are from abroad.
Investing in Thessaloniki means investing not just in Greece but in global tourism, with year-round visitor flow.
Real estate prices are on an upward trajectory.
Much of the city is surrounded by mountains, limiting outward expansion.
Entry of major companies into the job market, such as Cisco, Pfizer, Regus, and Deloitte.
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