Sale prices for newly built holiday homes in Greece have recorded an increase of over 10% so far this year, compared to 2024. According to an analysis by Elxis – At Home in Greece (www.elxis.com), this is the result of high demand from abroad, but also the fact that an increasing number of foreign buyers are choosing to purchase properties of higher specifications compared to the previous year. Elxis specializes in selling holiday homes in Greece, with a broad client base of foreign buyers.
In 2025, the average sale price of a newly built home with a pool and garden amounts to €4,675/sq.m., up from €4,243/sq.m. in 2024, €3,675/sq.m. in 2023, and €3,458/sq.m. in 2022. This means that potential capital gains for someone who invested in a holiday home in 2022 amount to 35%—a development that explains the consistently high buying interest in recent years.
Commenting on this year’s price increase, Mr. George Gavriilidis, CEO of Elxis – At Home in Greece, notes:
“Newly built villas with a private pool and proximity or view to the sea, priced no higher than €400,000–€450,000, like the ones found in Greece, are a rarity in other European markets. Moreover, investment potential through short-term rentals, combined with the continued upward trend in prices, offers the prospect of future capital gains, boosting buying interest from abroad.”
In its research, Elxis points out that the highest values are found in the Ionian Islands. This year, the average price amounts to €4,866/sq.m., reflecting the supply of new luxury developments in coastal locations. Similarly, the largest increases in recent years have been observed in Western Greece due to more offerings of new high-standard projects. The upward trend in new holiday home prices has remained steady in Northern Crete, while in Southern Crete, significant increases are now being recorded following the slowdown seen in 2023.
Among specific areas, in the Ionian there is strong demand in Corfu, while in Western Greece the coastline around the wider Preveza area and places such as Palairos stand out. In Crete, the southern part of Rethymno and the wider Chania area—offering views of the Libyan Sea and the Aegean Sea, respectively—are still some of the most popular choices for foreign buyers.
Another trend evident this year, is the growing preference among buyers for homes located away from overcrowded tourist destinations. One reason for this shift is the desire for greater privacy and tranquility. The other is that these areas show more growth potential and therefore offer the prospect of future capital gains—something that is attracting more and more buyers.
About Elxis
Elxis-At Home in Greece (https://elxis.com/) is a leading provider of realty and legal services in the Greek market. With offices in Thessaloniki and Crete in Greece, as well as Utrecht in the Netherlands, Elxis’s team of highly qualified property professionals has 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 highly skilled legal team, as well as with personnel whose native spoken language is English, Dutch and German.
