Greece – Hub for Attracting Investments in Countryside Homes

Aspasia Athinaiou
January 4, 2024

Table of Contents

Greece remains in the spotlight for European investors, providing diverse opportunities in the countryside real estate sector.

In-Demand Regions: Areas Investors Should Focus On

Greece is drawing European investors seeking to acquire countryside homes, according to recent research. In particular, the Elxis company from the Netherlands has identified three million potential homebuyers, considering the Greek market a true “Eldorado.” The surge in interest is attributed to low prices and changes in interest rates, influencing financing strategies.

New Investment Trends

The increase in interest rates in Europe has led to a growing demand for Greek vacation homes, as investors prefer to use their funds rather than obtain loans. Elxis experts claim that such an approach provides a fourfold benefit, ensuring protection against inflation, a stable income, and potential property value growth.

Priority Regions

The average selling price of a new vacation home in Greece, ranging from 300,000 to 350,000 euros, makes it an ideal option for European investors. Coastal areas with pools and all amenities are particularly popular.

In-Demand Areas

In addition to the Greek islands, which have always been a focal point, there is a growing interest in the Athens Riviera. Expatriates are also actively acquiring vacation homes, preferring Crete, Halkidiki, and the Ionian Sea.

Elite Real Estate in Focus

The elite real estate market in Greece has undergone significant changes, attracting investments from various countries. Prices for trophy assets in the country remain relatively stable, offering investors opportunities for profitable deals.

Infrastructure Impact on Growth

Both public and private investments in key infrastructure, such as ports, highways, and airports, play a crucial role in the development of the real estate and tourism market. Investors value the support of infrastructure projects, considering them a decisive factor for long-term investments.

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