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

Despite the fact that in recent years the main driver of the real estate market in Greece has been the interest from foreign investors, Greeks still remain dominant, as shown by RE/MAX Greece data for 2023.

A particular point of interest is the fact that foreign investors are buying 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 becoming increasingly attractive to foreign buyers and is competing in the global real estate market with countries like Spain, Portugal, and Italy.

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

Greek real estate continues to be one of the main pillars of the economy, is in recovery after a period of economic instability and recession.

The return to economic stability, growth in foreign tourism, and the attraction of foreign investors to the country have significantly increased interest in real estate, impacting prices.

Greece, as a popular tourist destination, attracts millions of visitors each year, making the real estate market particularly appealing for investments in retirement homes, country houses, or other investment opportunities.

It is worth noting that the majority of real estate buyers in Greece are Greeks. Foreigners are also interested not only in properties in tourist areas or in Athens and Thessaloniki, but are expanding their interest to other regions where there has not been strong demand until recently.

This trend shows that Greek real estate is a key player in the global property market and is successfully competing with traditional markets such as Spain, Portugal, and Italy in attracting foreign buyers.