Surveys, Trends & Stats Luxury Property Market in Greece Gaining Momentum in 2024 by GTP editing team 18 January 2024 written by GTP editing team 18 January 2024 1 comment Share 0FacebookTwitterLinkedinWhatsappEmail 19 Photo source: Greece Sothebys International Realty The Greek luxury property market is gaining significant ground attracting investors and ultra high net worth individuals, according to the findings of the annual Luxury Outlook released by Sotheby’s International Realty. Assessing data collected in 83 markets, the report found that Greece has great potential offering opportunities for buyers. According to Greece Sotheby’s International Realty President and CEO Savvas Savvaidis, all the more international buyers have their sights set on Greek destinations, which he attributes in large part to the political stability and easier access to loans and credit. “Greece’s luxury real estate market is currently undergoing a transformation, attracting a diverse and international range of buyers,” said Savvaidis. At the moment, investors from Central Europe, Egypt and Australia are expressing interest in real estate, he said. Photo source: Greece-Sotheby’s International Realty The report goes on to add that Greece’s improved financing options are expected to increase demand. More specifically, demand is growing for smaller sustainable homes, equipped with the latest AI technologies and amenities and decorated with traditional materials such as marble and stone. At the same time, interest in smaller homes will help boost the urban housing market enabling buyers to consider some of the less developed areas of Greece, including island areas. In the meantime, million-euro investments in luxury hospitality and high-end products are positioning Greece as a leading player in the ultra-luxury tourism market. Join the 15,000+ travel executives who read our newsletter Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Greece Inaugurates New Office of National Tourism Board in Istanbul next post Cellier Wine Fair to Make Debut in Thessaloniki, Northern Greece You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 1 comment diana giannouli 19 January 2024 - 18:49 Its all very well to have ‘growing demand’ but when a huge number of potential building plots are currently unable to obtain permits due to the lack of clarity on which plots qualify for planning permits, the market will find it hard to substantially expand. There are a finite number of existing, high end properties, and much of the demand is for new build or off plan projects. Until the ruling is clarified, and developers etc. can know that a plot is definitely buildable then a massive part of the market is stalled. Reply Leave a Reply to diana giannouli Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
