Buyers over 50, and middle and upper management executives constitute the primary groups investing their savings primarily in newly built high-end properties

The Real estate study revealed that Greeks in the market for a new house opt for affordable older units within their financial abilities

Prices in the southern Attica region of Piraeus soared 27.3%, according to the leading real estate website Spitogatos

In the report, the IMF is also raising some concerns about the Greek banking system, urging Greek authorities to take measures

As the analysis notes, in 2022, a 68% surge was reported, with property investments reaching 2 billion euros, with the 9-month-term 2023 data marking a 29% uptick compared to the corresponding period of the previous year.

According to the provisional report on the Monetary Policy by the Bank of Greece (BoG), expectations for the near future remain cautiously positive, influenced by key factors such as international developments, high inflation, increased interest rate

Policy changes and geopolitical shifts attract global investors in Greek real estate

Greece has established itself as one of the most attractive countries for foreign real estate purchases. Indeed, foreign investment has seen a 40% year-on-year increase, surpassing 1 billion euros in the first half of 2023 alone. This trend is most likely due to lower property prices compared to other countries, coupled with a high demand […]

The functionality of a home, combined with low prices and flexibility, are the primary drivers

The scale of residential developments varies depending on the area. Different needs and infrastructures exist in regional cities, Thessaloniki, Patras, Heraklion, and each municipality in Athens.

Specifically, in the nationwide survey, 24.9% of buyers opted for properties between 51 and 75 square meters, while 24.7% chose smaller properties up to 50 square meters.

Greece’s success at MIPIM 2023 is clear evidence of the confidence investors have in the country as it is emerging as one of the top destinations for real estate investors in Europe, whether it involves hotels, industrial, residential, or commercial properties, as well as logistics and infrastructure.

The popularity of co-living is increasing in Greece, with 57% considering it, drawn by cost-effective shared amenities (26.7%) and reduced isolation (22.7%).