Germans buy property on the coast of Greece

The number 1 buyers of holiday homes in Greece are German citizens. The average cost of a holiday home is €350,000. Their choice falls mainly on the most popular areas.

The Germans are investing more and more in real estate on the Greek coast, especially Crete and the Ionian Islands. This data was provided by the company Elxis, which specializes in the maintenance of high-quality holiday homes.

Compared to last year, home sales to German citizens increased by 300% in the first half of 2022. Thus, the Germans were in first place among the buyers of holiday homes in Greece, ahead of such European investors as citizens of Belgium, the Netherlands, and the UK.

Data from Elxis, a real estate company with more than 30 years of experience, shows that Germans are buying houses for an average of 350,000 euros. This amount has increased by about 20% compared to last year. According to the CEO and founder of the company, Giorgos Gavriilidis, this indicates that trust in Greece is growing, quotes

“Greece offers excellent value, and investors are increasingly convinced of this. Overly structured coastlines in other countries, such as Spain, and very high prices in other Mediterranean countries, make buyers look for other quality solutions, thus turning to our country. Despite On the back of the war in Ukraine and inflationary pressures, demand for housing in Greece remains strong and is expected to continue, as shown by the latest data from the Bank of Greece for the first quarter of 2022, according to which 374 million euros were received for the purchase of real estate in Greece , which is 74.8% more than in the corresponding period of 2021. As a result, Elxis is expanding and investing heavily in its operations.Changes such as increasing the number of German-speaking employees in our team and updating the German version of our website are on optimal service to our customer base, following the current trend m”.

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