In the 2nd quarter of 2024, the Greek real estate market slowed down.
According to the Ministry of Finance, the number of transactions for the purchase and sale of houses and apartments decreased by 21.2% compared to the same period last year. There is also a decrease in the total value of transactions by 14.1%.
According to industry representatives, this development is mainly due to the completion of the "My House" program. Some experts believe that prices are simply too high for most Greek buyers.
It should be noted that the foreign demand for real estate in Greece is very high, especially among those wishing to obtain a golden visa on the old terms. The next increase in the investment threshold amount will take place on September 1 of this year. A wave of interest is fueling price increases in the most sought-after areas.
Source: Ekathimerini