Press Releases
08.07.2024
3 Most Popular Locations to Buy a Home in Greece in 2024 (Original Research)
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23.05.2024
Higher Budgets, Quicker Profits for Homes in Greece
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.
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04.05.2024
Do Greeks Buy Holiday Homes in Greece?
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.Press Releases
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09.02.2024
Golden Visa Opportunities in Crete, Rhodes and Chalkidiki
Analyzing trends from among its international clients, Elxis noticed a recent increase in demand for Golden Visas in certain areas of the country. This rise is assumed to be caused by the recent changes in the Golden Visa limits.
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13.11.2023
Greek Real Estate Sales Already Outperform 2022
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%.
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03.10.2023
Demand for Holiday Homes in Greece from Expatriates on the Rise
According to our 2023 data, over 1 in 10 holiday home (12.35%) acquisitions this year were made by expatriates. Greek expatriates of second and third generation, mainly coming from the U.S., Canada, and Germany, are making a strong comeback to their motherland. They want to buy a house in order to visit Greece more often. One of the driving forces behind this increased demand, especially this year, is the fact that the Greek property market is in a state of rapid recovery in pricing. At the same time, buyers can find high-quality properties that are priced competitively, especially compared to the countries where these people live permanently.
Press Releases
13.07.2023
Young Greek Realty Buyers
Read moreThe typical age of home buyers in Greece is changing, as more and more 30- 55-year-olds look to invest in the Greek real estate market. These are not the usual European pensioners, who used to be the main buyers of Greek real estate. This new, younger group of buyers sees buying a holiday home more like an investment, not just as somewhere to spend the summer. They are acting with their brains more than with their heart, and the first consideration is profit.
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26.06.2023
Real Estate Prices in Greece Reach Record Highs
According to data from the Bank of Greece in the first quarter of this year, the rate of house price growth in Greece is reaching record highs. More specifically, prices rose 14.5% year-on-year in Greece as a whole, and even sharper spikes were seen in Greece’s 2 largest urban centers, reaching 16.5% in Attica (the region which includes Athens) and 16.1% in Thessaloniki. Prices in other large cities increased by 13.1%.
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08.06.2023
Foreign Prospects Buy Off-Plan Greek Villas
Recent headlines from Kathimerini, CNN Greece, Imerisia, and Oikonomikos Tahydromos feature research by Elxis - At Home In Greece. The hot topic? 2023’s home market trends. 2023 is a unique year for buying in the second home market. There were several changes in the global economy, namely the increase in interest rates. This increase impacted buying behavior– a trend that Elxis witnessed firsthand from its clients.
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