Foreigners are buying real estate in Greece for investment and vacation homes.

In recent years, foreign investment interest has become a key factor in the development of the real estate market in Greece, although Greeks remain the dominant players in this market, as shown by RE/MAX Greece data for 2023. Of particular interest is the fact that foreign investors are purchasing real estate not only in Athens, Thessaloniki, and popular areas like the islands, but practically everywhere in Greece. This indicates that Greek real estate is coming into focus on the global market and is becoming competitive with traditional markets such as Spain, Portugal, and Italy in attracting foreign buyers.

According to RE/MAX Greece, property prices in 2023 increased by 12% across all categories, regardless of the year of construction.

Greek real estate remains one of the key pillars of the economy, and after a period of economic instability and decline, the country is in a phase of recovery. The increase in tourism and the attraction of foreign investors to the country have had a strong impact on the market, significantly boosting interest in real estate.

Data on real estate sales shows that prices for new buildings up to 5 years old have increased by 11%, while prices for properties older than 5 years have risen by 13% compared to the previous year. Greece, as a popular tourist destination, attracts millions of visitors each year, making the real estate sector particularly appealing for investments, whether for purchasing retirement homes, vacation properties, or for investment purposes.