Halkidiki, Athens, Cyclades Islands Attract Foreign Home Buyers in 2023

Athens, Photo source: Greek Travel Pages

Halkidiki, Athens, the Cyclades islands and Thessaloniki suburbs attracted foreign investors looking to purchase a home in Greece last year, according to the latest data released by real estate listings company Spitogatos.

The largest demand by potential buyers focused on Kassandra, Sithonia, Kallikrateia, Moudania, and Pallini in the Halkidiki peninsula; Kolonaki–Lykavittos, Pangrati, historic center, Kypseli, and Ambelokipi-Pentagono in Athens; the islands of Paros, Mykonos, Naxos, Syros, and Santorini in the Cyclades; the Thessaloniki suburbs of Thermaikos, Kalamaria, Thermi, Evosmos, and Epanomi; and in Attica, Vouliagmeni, Voula, Glyfada, Paleo Faliro, and Kallithea.

Thessaloniki

Overall in 2023, according to Spitogatos, demand for properties in Greece grew by 5 percent over 2022. In terms of top markets of potential buyers, leading the way in 2023 were Germany, the US, and the UK, with strong interest also expressed by investors in Serbia, North Macedonia and Bulgaria.

The property types attracting the most interest were detached houses, apartments and plots of land.

In terms of rental demand, the areas attracting the most attention in 2023 were Athens and its southern suburbs, followed by Thessaloniki suburbs, Thessaloniki center, and the northern suburbs of Athens.

In terms of renting an apartment, the areas with the greatest demand were those in the center of Athens and in the southern suburbs, and the in Thessaloniki suburbs.