The Growing Appeal of Greek Real Estate: A Booming Market

Discover why the Greek real estate market has become increasingly attractive to investors and locals, with demand nearly doubling in the past 3 years. Confidence in the country's economic stability is at an all-time high.

The Greek real estate market has become increasingly attractive to both investors and local residents in recent years. With a strong and growing economy, as well as significant profits from tourism and service industries, the demand for properties in Greece has almost doubled over the past 3 years. What's more, the majority of requests and purchases now come from Greeks themselves, indicating a high level of confidence in the country's economic stability.

In 2023, investments in Greek real estate market exceeded 1 billion euros, reflecting the growing interest from both domestic and foreign investors. The sustained economic growth and the implementation of large infrastructure projects have contributed to this surge in demand. Additionally, the availability of the European five-year Golden Visa residence permit for the whole family has further incentivized foreign investment in Greek real estate.

The most sought-after properties in Greece include modern houses, villas, and apartments built to high standards of quality and convenience. In particular, the island of Crete has seen property prices increase annually by 15-20% over the past 5 years, making it a prime location for real estate investment.

Foreign buyers, hailing from various countries in Europe, China, the USA, Israel, the UAE, and others, are drawn to Greece's accessible infrastructure and the opportunity to obtain a five-year residence permit through property purchase. The demand for short-term rentals in Greece, coupled with a significant increase in tourist flows, has further fueled the interest of foreign investors.

Overall, the Greek real estate market presents a lucrative opportunity for both local and international investors, driven by strong economic growth, attractive investment incentives, and a high demand for properties in popular locations such as Crete.