Elxis

Businesspeople and senior or top executives of companies, aged 50 and over, are today the main buying public for a holiday home in Greece. These are people who have saved money and are mainly interested in acquiring a newly built property in the Greek market, with their main aim being having it for their own use and secondarily for utilization through short-term rental platforms.

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.

Having already moved high and upwards in the last two years, the prices of holiday homes in Greece are expected to continue their upward trend in the coming period, as a result of high demand from abroad.

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

The Greek holiday home market has retained its upward momentum so far in 2023, unfazed by uncertainties in the global economy's prospects, according to the latest quarterly analysis from Elxis, an expert realtor in the holiday homes market.

Among the trends Elxis has identified is the rise in preference toward off-plan purchases of residential projects.