The real estate market in Greece is at the center of European and global investment interest, according to participants in the annual Prodexpo conference in Athens that took place on October 24 and 25.
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, according to the overall picture presented at the expo.
In particular, 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.
According to Spitogatos Insights, one-fifth of all searches on its rental and sales platform originate abroad, with German nationals leading the search for properties all over Greece. German interest is focused on mainland Greece, particularly Thessaloniki and Chalkidiki. 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 homes to buy, 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.
Prodexpo participants, who represented international hotel chains and realtors, also saw a strong demand in urban properties from digital nomads and students, but offers are limited as a lot of properties need to be upgraded.
Latest News
Foreign-Owned Businesses in Greece Thrive in Trade and Services
Despite government efforts to attract foreign investment, only 0.6% of all businesses across Greece are foreign-owned.
41st Athens Marathon- Traffic Regulations in Athens from Thursday to Sunday
Traffic regulations will be implemented gradually, starting from Thursday, as part of the 41st Athens Marathon.
Greek Households Most Pessimistic in Europe: IOBE Report
Over six in ten (65%) of households said that their financial situation worsened over the past year
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti