Luxury homes see interest grow

Greece's luxury holiday home market is evolving into a new hotspot for the planet's ultra-rich. The country has appeared on the radars of individuals on the Forbes lists of the wealthiest people, property professionals say. Even more importantly, this is happening while the pandemic is ongoing and despite its consequences on the global economy.

"In the period from May 1 to 25, we recorded a 53.5% increase in expressions of interest for the purchase of luxurious holiday residences in Greece, compared to the same period last year," reports Savvas Savvaidis, chairman and chief executive officer at Greece Sotheby's International Realty, the Greek arm of the world's biggest agency for promoting and selling luxury properties: Sotheby's International Realty has annual sales turnover of more than 90 billion euros, boasts 1,000 branches across 71 countries and employs over 24,000...