11.11.2024
More and more foreign investors consider the acquisition of property in Greece a once-in-a-lifetime opportunity, even after the price “rally” of the past few years. After all, Greece is still one of the most affordable markets in Europe.
This is further confirmed by the latest data fromGlobal Property Guideregarding residential prices for the second quarter of 2024 across Europe. According to these, the average selling price in Attica (Athens) is 2,120 euros/sq.m. This places Greece as the fourth cheapest market, after Romania’s Bucharest (1,632 euros/sq.m.), Bulgaria’s Sofia (1,650 euros/sq.m.) and Montenegro’s Podgorica (1,763 euros/sq.m.). Meanwhile, prices in other European countries are skyrocketing. In Amsterdam, the average cost for a typical apartment at the center of the city rose to 8,385 euros/sq.m., almost 4 times higher than Athens. In Madrid, the average cost is 4,700 euros/sq.m. and in Berlin it’s around 5,000 euros/sq.m. In Paris and London the average purchase price stands at 9,430 and 9,540 euros/sq.m. respectively. The most expensive city in Europe is Switzerland’s Zurich, with an average price of 17,285 euros/sq.m., followed by Luxembourg at 11,332 euros/sq.m.
In his recent presence in this year’s annual conference Prodexpo, Mr. George Gavriilidis, CEO and Co-Founder of Elxis-At Home in Greece, said that “over the last few years, we’ve witnessed a major shift among property buyers from Northern European countries, particularly the Netherlands, Belgium and German-speaking countries, i.e. Germany, Austria, Switzerland and Luxembourg, towards the Greek holiday home market." "The country’s exit from the financial crisis and its comeback in the buyers’ “map”, has brought with it the realization that Greek properties are hugely undervalued, compared with houses of similar quality and amenities in places like the southern part of France, Italy and Spain. As a result, today, Elxis alone has a waiting lis of 1,000 potential buyers of holiday homes, but we don’t have the equivalent number of properties to sell. Developers in Greece need to step up their investments to cater to the ever growing demand for newly built houses”.
Considering the quality of the properties on offer in Greece, especially in parts of the country, as picturesque and beautiful, as the most touristic ones, it’s easy to understand why foreign buyers are now many more than the available houses. The fact that in Greece, the average price of a newly built holiday home is now ranging between 300,000 – 350,000 euros, means that the country is ideal for European investors. This fact is quickly becoming a realization among more and more potential property buyers. “There is a lot of value in Greece’s holiday homes, because one can acquire a modern house, close to the beach, or with a view to the sea, a pool and a number of other amenities, while spending a lower amount of money, compared to other markets”, says Mr. Gavriilidis. He also adds that, according to recent estimates from respective reports, there are potentially about 3 million Western European citizens, who are thinking of investing a sum of 300,000 – 350,000 euros in the property market.
In this year’s Prodexpo, Mr. Gavriilidis said that buyers are divided in two main categories. The first one is comprised of people, mainly between 50-60 years old, who wish to have a house both for their own private use, but also for generating revenues. The second one has also younger buyers, between 35 and 45 years old, coming mainly from the Netherlands and Belgium and looking to resell their property within a short time frame. “Several buyers are booking the house off-plan, which is granting them a 15% discount over the list price. Some of them are taking advantage of the price rise which takes place in the 2-3 years, which takes to build the house and then proceed with reselling it with significant profit”, stressed Elxis’ CEO. About 80% of the company’s clients are interested in holiday homes costing from 270,000 up to 380,000 euros. It’s worth noting that 280,000 euros buys a parking space in the center of Amsterdam.
Elxis-At Home in Greece (https://elxis.com/) is an elite provider of realty and legal services in the Greek market. With offices in Thessaloniki, Crete and Utrecht in the Netherlands and a team of highly qualified property professionals, Elxis has a track record of over 30 years of experience in managing residential property investments. The company covers the needs of its international clientele in the best way possible, with a team of seven legal experts, as well as with personnel whose native spoken language is English, Dutch and German.
29.06.2026
More and more buyers from the United States and Canada are looking to fulfill their own "Greek dream" by purchasing a holiday home in Greece. According to our data, demand from these two markets increased by 50% during the first half of this year, establishing an entirely new trend in Greece's holiday home market.
25.05.2026
Holiday home prices across Greece are rising by 10.8% this year. According to a recent study of ours, the average price per square meter increased by 10.8% during the January – April period of this year compared to the same period last year, reaching €3,398/sq.m. from €3,067/sq.m. The main reason behind this increase is the significant rise observed in newly built properties, driven by strong purchasing interest from abroad, a sector in which we specialize, promoting properties to foreign buyers, mainly from Northern Europe and the United States. Specifically, in holiday homes purchased off-plan, the average value of signed contracts rose by 12.5% to €507,427. At the same time, the average price per square meter increased by 12%, from €3,790 to €4,245.
Commenting on this development, George Gavriilidis, CEO of Elxis, stated: “This year’s increase and the overall trend highlight the strong interest in newly built homes, despite increases in construction costs due to price adjustments. Buyers seeking modern specifications, high energy efficiency, and flexible usage options, such as personal use or investment purposes, continue to drive demand in the Greek market.”
27.04.2026
Crete, the Peloponnese, and the Ionian Islands stand out this year in terms of demand for holiday homes from international buyers. At the same time, an increasing number of foreign buyers are seeking newly built properties “off-plan” to benefit from lower prices. These findings come from one of the recent analyses.
23.03.2026
A shift is evident this year in the profile of foreign property buyers in Greece, following adjustments to the Golden Visa program. According to an analysis by Elxis – At Home in Greece, demand for residency permits has dropped by 83% compared to last year. This is based on demand data and trends observed through Elxis’ network and its offices in the Netherlands, Thessaloniki, and Crete.
19.01.2026
Our survey forecasts notable changes compared to previous years and the formation of new trends in the holiday home market for 2026. Throughout our research, we identified an increasing shift not only toward luxury and high-end properties, but also toward more affordable holiday homes of smaller surface areas, based on demand observed in selected projects with such characteristics.
17.12.2025
Holiday homes with an average value of €450,000 were the primary choice in 2025 for foreign buyers. This represents a 37.3% increase over 2024, demonstrating international investors’ willingness to spend more to acquire higher-quality properties. This is the main conclusion of our latest survey by Elxis – At Home in Greece.
17.11.2025
Foreign buyers of holiday homes are showing a clear preference this year for more expensive and luxurious properties, as the percentage of those choosing homes worth over €600,000 has tripled. Even though prices have already risen significantly, international buyers continue to view the prospects of the Greek market — and the value it offers — very positively. As a result, they are turning to increasingly high-quality properties to upgrade their quality of life by acquiring the home of their “dreams.” These are some of the conclusions of the latest analysis of holiday-home market trends by Elxis – At Home in Greece (www.elxis.com), a leading company in selling holiday homes to foreign buyers.
24.10.2025
An exponential increase both in the speed of real estate transactions and in the overall size of the real estate market can be achieved through the availability of publicly accessible and reliable data, especially for prospective buyers from third countries. This was the key takeaway from the remarks of Mr. Dion Gavriilidis, Managing Partner of Elxis – At Home in Greece, a leading company in the sale of holiday homes in Greece.
