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Real estate in Greece: Attracting millionaires, popular areas.

Real estate in Greece: Attracting millionaires, popular areas.

Real estate in Greece: Attracting millionaires, popular areas.

The luxury real estate market continues to remain stable despite currency fluctuations and geopolitical upheavals. The main trends shaping the global market landscape are resilience, demand for "sustainable housing," "quiet luxury," and "biohacking."

The interest of foreign investors in "opportunity housing," combined with the demand for "sustainable housing," is shaping the real estate environment. Among the new trends are proximity to private airports, biohacking, and sustainable design using simple materials, traditional methods, and energy-efficient solutions.

This year, the Berkshire Hathaway HomeServices exhibition has placed special emphasis on the Greek real estate market, which stands out as a leading European destination.

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According to the Henley Private Wealth Migration Report 2023, Greece ranks 7th among the top 15 countries, with an expected influx of 1,200 high-quality buyers in 2023.

Manager of Berkshire Hathaway HomeServices Athens Properties, Kyriakos Xidis, notes that global investment interest in the country is moving in a positive direction, and notes the attractiveness of Greek real estate due to low costs compared to other countries and a lifestyle based on rich cultural heritage and natural beauty.

The pandemic has changed the demand in the real estate market, and American buyers continue to show interest in purchasing luxury homes and properties on the Greek islands. The Golden Visa is a popular visa program that has contributed to the ongoing vibrancy of the market.

With the increase in real estate investments and new trends such as remote work and heightened demand for housing outside the city, the luxury real estate market remains attractive to investors. Demand is expected to grow despite changes in taxes and mortgage interest rates.

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