Market Insights

In the spring of 2022, as Europe emerged from the pandemic, Greece briefly held a remarkable title: the fastest-growing short-term rental market on the continent, with demand that March up more than 200 percent year on year, according to data provider AirDNA, ahead of Portugal and Croatia. Foreign buyers poured in, with the Bank of Greece recording 1.17 billion euros of foreign investment in Greek homes in 2021, and our own founder Giorgos Gavriilidis noted at the time that demand from the Netherlands, Germany and Belgium, focused on Crete and the Ionian islands, was keeping prices firm. He predicted further growth, and the years since proved him right. That boom is the backstory to today's market, and understanding what happened next matters far more to a buyer in 2026 than the 2022 numbers do. The short version: the market matured, the state caught up, and short-term rentals in Greece moved from a gold rush to a regulated, professionalised activity that still works well, in the right places, done properly.

If you're buying or selling a home in Greece, you'll come across the Electronic Building Identity (Ηλεκτρονική Ταυτότητα Κτιρίου), and it's worth understanding, because no property can change hands without it. In simple terms, it's a digital file that records what a building is and how it has changed over its life. It brings welcome transparency to a market that long lacked it, and for buyers in particular, it's a genuine safeguard. Here's what it is, what it contains, and what it means for you.