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Holiday home prices in Greece have continued rallying during 2024, as more luxurious properties become increasingly popular in Greece. According to data compiled by the Elxis team, the average amount spent on a holiday home in Greece has almost doubled in the past two years, now at 378,500 euros compared to 263,000 euros in 2022. In fact, over the past 12 months alone, the average amount spent increased by 27.8%. Despite the fact that the number of properties sold has remained roughly the same as last year, there is a trend towards larger, more luxurious properties. "This year, most of the houses sold for a value of around 350,000 euros, while last year the respective value was closer to 300,000 euros”, says Mr. Giorgos Gavriilidis, CEO and Founder of Elxis.

More and more foreign investors are buying homes in Greece since the start of 2024. In fact, buyers are looking to buy more luxurious properties than in the past couple of years, which leads to higher prices. Available budgets this year have increased and range from 350,000 to 550,000 Euros. Investing in higher-budget properties in Greece not only offers enhanced amenities but also presents significant potential for quicker returns, especially when purchasing off-plan.

Are local Greeks buying holiday homes in Greece, or just foreigners? 


According to the latest analysis from Elxis on its client conversations over the past six months, there’s been a notable increase in demand from Greeks for the purchase of holiday homes in Greece.

More expensive and higher in number, holiday homes were bought in Greece this year: +33% sales value, +12.5% in average purchase price. Foreigners in 2023 bought more expensive holiday homes and in higher numbers, based on our data from the past year. In fact, by the end of 2023, the number of holiday homes sold is expected to rise by 25%, compared to 2022. At the same time, the total value of the transactions will increase by 45%.