Younger foreign realty buyers

A growing number of young foreign buyers are acquiring holiday homes in Greece. 

People as young as 30 are buying such residences, with their main motivation being utilizing the investment rather the acquisition of a property for their own summer holidays. This is a new trend which has been observed in the last five years, complementing the hitherto dominant category of buyers, that is, people who have retired or are close to retirement, aged over 55.

"A Dutch computer programmer from Amsterdam recently bought a villa in Palairos, on the western coast of Greece. He paid most of the amount with profits he made from cryptocurrencies. The buyer is only 35 years old," says Giorgos Gavriilidis. He is the founder and CEO of Elxis, a company that specializes in the holiday home sector and operates in the European market, based in Utrecht, the Netherlands.

The Elxis...