The main foreign buyers of holiday apartments and houses in Greece are businessmen and senior executives over the age of 50. These are people who have accumulated money and are most often interested in acquiring newly built facilities. Their main goal is to use the property for their own living, as well as for short-term rental. Many are also motivated by the opportunity to get a "golden visa" of the country for investments, although the conditions of participation in this program have become stricter since September.
These are the main conclusions of a study conducted by Elxis At Home in Greece, which is based in the Netherlands.
According to the report, the largest category is buyers with a budget of 250,000 to 600,000 euros.The managing director of the company Giorgos Gavriilidis comments:Until 2023, the budget ceiling of our clients was about 450,000 500,000 euros, and this applied to a relatively small number of buyers, since most had an amount of 300,000 350,000 euros.Today we see that the situation has changed, and there is a demand for more expensive houses, worth more than 500,000 euros. These are, of course, new buildings with a private pool and a large territory, garden and other amenities.
It is noteworthy that in 2024 the average cost of houses sold is 378,500 euros, which is 27.8% more than in 2023.Compared to 2022, the difference is even greater, since then the average cost of resort real estate did not exceed 263,000 euros. All this indicates a shift in customer preferences.
"We see that this year the total value of our sales has significantly exceeded last year's figures, although in absolute numbers the number of houses sold is comparable to 2023," says Gavriilidis. He also notes the advantages of Greek real estate compared to the markets of other countries. In other European countries, it is difficult to find a newly built property with a swimming pool, located next to the sea or overlooking the sea, with a range of amenities and a cost of 350,000 euros.
Source: Ekathimerini
