Greek real estate in high demand by investors from all over the world

The real estate market in Greece is at the center of European and global investment interest. Despite global challenges, the real estate market is showing exceptional resilience in Greece, offering opportunities to investors in properties ranging from homes, offices, storage areas to plots of land for commercial or entertainment purposes.

In particular, according to the overall picture presented at the annual Prodexpo conference in Athens, that took place a few months ago, foreign nationals are looking to buy private properties in Greece, with the most popular focus being Athens, the Cycladic Islands, and Chalkidiki peninsula in northern Greece.

One-fifth of all searches on its rental and sales platform originate abroad, with German nationals leading the search for properties all over Greece. Destinations that are accessible all year round such as the Peloponnese, Crete and Lefkada, which isconnected to the mainland by a bridge, are in higher demand by Germans. At the same time, according to a recent report, the number of property sales to German buyers increased by 300% in the first half of 2022 compared to 2021. They chose to invest mainly in seaside homes on Crete or the Ionian isles.

Summer homes or houses in the center of Athens

They are followed by United States nationals – both Americans and Greeks of the diaspora – who are interested in buying summer homes in high-cost areas like the Cyclades and southern suburbs of Athens. British citizens are the third top nationals to search for apartments for sale, but their demographic also represents Greeks living in the United Kingdom. They are interested in the center of Athens, north and south suburbs, and the Cyclades.

Besides Germans, Americans, and British, interest has been expressed by the Spanish, Cypriots, and French. The French in particular are interested in buying homes in the Cyclades, particularly Paros island, and the center of Athens. Bulgarians are interested in cheaper real estate in Kavala and Chalkidiki, in northern Greece, while Israelis have shown up as major buyers for the first time, with a growing interest in the center of Athens, north and south suburbs, and the Cyclades.

There is also a strong demand in urban properties from digital nomads and students, but offers are limited as a lot of properties need to be upgraded.