This increase is largely due to the increased demand, the gradually improved purchasing power of the Greek consumer after the end of the memorandums and the health crisis of the corona virus, the search for better and better quality housing, but also to the fact that the Greek still trusts the real estate as the safest investment.
The real estate market in Greece is still one of the main pillars of the economy and after a period of economic instability and recession, the real estate market in Greece is recovering.
The return to economic stability and positive growth rates, combined with the increase in tourism and the attraction of foreign investors to the country have given a strong impetus to the market, significantly contributing to the increase in interest in real estate and dragging prices along.
According to the official data collected from sales carried out in 2023 through RE/MAX Greece, the largest real estate network in the country for 22 years with 81 offices and over 1,100 real estate consultants throughout the territory, the resulting increase in sales prices of newly built properties up to 5 years old is 11% and 13% in properties from 5 years and older compared to the previous year.
Indicative of the upward trajectory of the real estate market is the fact that RE/MAX Greece in 2023 showed a total increase in sales by 26.14% and transactions (transactions) by 14.24%.
Greece, as a popular tourist destination, world-renowned for its wealth of natural beauty and cultural heritage, attracts millions of visitors every year, making the real estate sector particularly attractive for real estate investment with the purpose of purchasing a retirement home, buying a holiday home or for investment reasons.
However, what is worth highlighting is that the largest volume of real estate buyers came from Greece, while foreigners are not limited to buying real estate in touristic places or in Athens and Thessaloniki, but have expanded their interest to other areas that did not present until recently strong demand. This element proves that Greek Real Estate is a key "player" in the global real estate market and competes with traditional markets such as Spain, Portugal and Italy in terms of the interest of foreign buyers.
