Buyers of real estate from abroad this year are opting for more spacious and expensive holiday homes in Greece, as evidenced by the data of the real estate agency Elxis, which is referenced by Ekathimerini.
The average cost of properties sold in 2024 was 378,500 euros, which is 27.8% higher than in 2023 and 44% higher than in 2022.
"We see that this year the value of houses sold has increased significantly compared to last year, although in absolute numbers the number of sales is comparable to 2023.Most of the deals relate to country houses with an average value of 350,000 euros, whereas last year this amount did not exceed 300,000 euros," says Giorgos Gavriilidis, managing director of Elxis, which specializes in country houses and is based in the Netherlands.
Explaining this trend, Gavriilidis notes that "newly built real estate with a private pool next to the sea or overlooking it is difficult to find today for only 350,000 euros in other European countries, where prices are on average 40% higher.Therefore, it is especially easy to make a decision to invest in Greece, even if prices are now higher than in previous years.Elxis predicts that the prices for the sale of country houses will continue to grow in the coming years by an average of 8-10% per year.Many investors expect significant capital gains in the future. For now, they can also secure an annual income of at least 4% of the rental property.
Crete remains the most popular region, while significant growth has also been noted this year in Corfu and the wider Preveza area, especially with regard to newly built houses.
The areas in the south of Crete, mainly in the prefectures of Rethymno and Chania, overlooking the Libyan Sea, are among the most popular.This year we are also seeing a significant shift towards the Ionian Sea, to Corfu and Preveza," notes Gavriilidis.Source: Ekathimerini
