Greece is attracting strong investment interest from foreign buyers seeking vacation homes — both for personal use and as income-generating assets — according to data from Elxis – At Home in Greece, a leading real estate firm specializing in the holiday home market.

The trend highlights a broader movement of foreign entrepreneurs and investors making significant real estate plays at a time when Greece is increasingly reliant on foreign direct investment to fuel GDP growth.

Over the past 18 months, interest in developing vacation homes in Greece has grown significantly, with both international clients and new investors entering the market — a sign of the country’s rising appeal as a holiday home destination said a Elxis CEO.

The profile of these investors ranges from private individuals to corporate players, primarily from Western European countries such as Germany, the Netherlands, and Belgium. Concrete examples are already reshaping the landscape:

• In Crete, a German firm is currently building 65 apartments near the Venetian harbor of Chania.

• In Vasiliki, Lefkada, a Dutch businessman with his own construction company is developing 28 fully furnished, ultra-luxury apartments. He also plans to manage the properties for buyers, offering services such as rentals, maintenance, and cleaning.

• A Belgian investor is constructing 14 villas with private pools on the island of Rhodes.

• Another Dutch investor is purchasing land in both southern Corfu and Halkidiki. Plans call for the development of 20 seaside homes in Corfu and another 15 in Halkidiki.

• In Palairos, a seaside village in Aetolia-Acarnania near Lefkada, yet another Dutch entrepreneur has acquired a plot of land and commissioned the construction of 15 homes and apartments.

These projects are primarily located in premium, seaside areas and feature high-end designs and amenities. The consistent demand from buyers in Western Europe — especially from the Netherlands, Belgium, Germany, Switzerland, and the UK — is encouraging more investors to explore opportunities in Greece’s holiday home sector.

Another emerging trend, Elxis notes, is the use of capital from the sale of business shares or stakes to fund property investments in Greece, indicating a shift among entrepreneurs toward real estate as a strategic asset class.