Foreigners buy bigger homes

Property buyers from abroad are this year opting for larger and more expensive holiday homes in Greece, as shown by the relevant data by the Elxis - At Home estate agency.

The average value of homes sold this year is 378,500 euros, being 27.8% higher than in 2023, and 44% higher than in 2022, when the properties being bought were of an average value of €263,000.

"We see that this year the total value of the sales we make has greatly increased compared to last year, although in absolute figures, the homes sold are comparable to 2023. Most of our sales concern holiday homes with an average value of €350,000, while last year that did not exceed €300,000," says Giorgos Gavriilidis, managing director of Elxis, which specializes in the purchase of countryside houses and is based in the Netherlands.

Interpreting this year's shift to larger and more expensive...