Playing golf in Greece with real estate - the perfect combination!

In Greece, new golf courses are being built or they have recently opened, and existing courses have undergone renovation. This sport stimulates real estate market growth and attracts buyers from the United Kingdom, United States, Scandinavia, Germany, and France.

Greece has long attracted vacationers and second home buyers from around the world thanks to its numerous beaches, picturesque islands, and excellent cuisine. The developing golf scene in the country has become another reason to visit Greece.

Michael Valdes, president of the real estateagency eXp Global

He notes that golf attracts second-home buyers and retirees who wish to purchase property in Greece. "Ten years ago, people would go to Portugal or southern Spain to buy a house on a golf course and enjoy their vacation. Now they are turning their attention to Greece," he says.

According to Katerina Katopis-Likiardopulo, a consultant in the hospitality and real estate business from Athens, Greece's affordability compared to other popular vacation destinations in Europe also contributes to the growth of the real estate market. "Here, your currency simply works much better than in many other countries," she says.

Greece also attracts buyers with its high quality of life. According to Greek chef Maria Loi, who is filming a series about Mediterranean cuisine in Greece, "the weather here is sunny year-round, the food is fresh and healthy, and the locals are very friendly. The infrastructure is also well-developed: there are good roads and hospitals."

According to data from sothebysrealty.com, search queries for Greece and golf increased by 205 percent from January to July 2022 compared to the same period in 2021. Greece Sotheby's International Realty also notes that real estate sales in Greece in 2022 in golf areas and complexes amounted to $50 million, while in 2017 this figure was only $10 million.

Most of the real estate market for golf homes in Greece is concentrated in the Peloponnese, but the Glyfada area, a suburb of Athens, and the island of Crete are also popular.

Peloponnese

Peloponnese is a vast peninsula located in the south of Greece. It features picturesque hills, olive groves, and an extensive coastline.

In the Porto Heli area, also in the Peloponnese, the Kilada Country Club, Golf & Residences complex will open next year. It will include a golf course, a beach club, houses, and apartments. Prices for the apartments start at $480,000, while the cost of the plots is at least $350,000.

Glyphada

In Glyfada, a suburb of Athens, there is the oldest golf course in Greece, which has been open since 1962. Here, apartments in elite complexes and private houses are available. Prices for apartments start at $557 per square foot, while houses with sea views start at $836 per square foot.

Crete

The island of Crete is home to the Crete Golf Club, which attracts secondary real estate buyers. There are houses with five or six bedrooms, large leisure areas, and swimming pools. Prices start at $2 million.

Overall, Greece is becoming an increasingly attractive place for purchasing real estate on golf courses. With a combination of appealing prices, quality of life, and beautiful nature, this country is attracting buyers from all over the world.