Investment demand for luxurious real estate in Greece remains high. Market representatives report that the Greek market continues to attract foreign investors.
As the company notes Engel & Völkers, “The real estate market in Greece remained dynamic in 2024, with high interest from both local and international buyers. The main factors were stable economic growth, an increase in tourism and investment in infrastructure. The residential sector, especially in city centers, such as Athens and Thessalonics, as well as in regions such as Greek Islands and Peloponnese, demonstrated increased demand. ” The most popular areas combine sea views and high -quality accommodation.
Real estate “premium class”
The Athenian Riviera, Corfu and the Center for Athens make up the top three areas for the purchase of luxurious real estate in Greece. According to the analysis of the market for luxurious real estate in Greece for 2024, conducted Greece Sotheby's International RealtyThe Athenavian Riviera occupies the first place in demand, making up 17% of the total number of requests for the purchase, while the entire metropolitan region collected 30% of the total demand.
On the coastal line of Athens, a demand increased by 87.2% last year was recorded, but even more significant growth, by 130%, was observed in the northern suburbs, which seemed to have received an additional advantage last year.
Corfu steadily takes the second place according to preferences, while the five best also included the center of Athens, Crete and Lefkada. Mikonos sank to sixth place, while the purchase requests decreased by 18% compared to 2023, there was also a decrease in interest in the islands of Tinos, Paras and Kea.
On the other hand, sales records recorded in the Ionical and Central Aegean Seas confirm that the demand for the best locations of the country remains high.
TOP-10 markets with greatest demand
As for tOP-10 markets with greatest demandthen on second place after Greece is the United States with a share of 16%, although they showed a small decline by 4.3% compared to 2023.
The third place is occupied by the UK, which recorded a significant increase of 17%, while France also includes France (share of 9%) and Germany (4%share), although both countries showed small reductions. Switzerland, Israel, Australia, the United Arab Emirates and Canada completes the top ten markets with the greatest demand for luxurious real estate in our country.
As for the directions, according to the well -known company for the provision of real estate services, it is interesting that Athens are stable in the first place in the preferences of potential buyers, while the mycorros fell to sixth place.
It should be noted that itself Greece Sotheby's International Realty Over the past five years, transactions in the amount of 500 million euros, and its head of Mr. Savva Savvaidisthe president and general director, notes that in 2024, “buyers clearly showed more pronounced interest in buying luxurious real estate, which is confirmed by an analysis of our data, as well as a significant increase in sales compared to the previous year.”
What level will the prices reach
Market representatives emphasize that real estate prices in Greece have not yet reached their peakHowever, they agree that excessive increase, recorded in previous years with two -digit numbers reaching 15%, remained in the past.
It is reported that housing prices in Greece rose from 2017 to the second quarter of 2024 by 88% in Attica and 69.2% throughout the country. It is generally accepted that price increases will continue for several more years, but it will fluctuate within 2% and 3% per year. The reason for this, in addition to the lack of construction reserves and new buildings, is the cost of building materials that is growing every year.
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