High investment interest from abroad, and in particular the United States, in the purchase of real estate on the Athenian Riviera, in the center of Thessaloniki, Mykonos, Paros, Crete, Rhodes, Porto Heli and other areas of the Peloponnese is fixed Expert real estate, which is part of the American group eXp World Holdings. According to the head of the company in the Greek market, Mr. Nikos Manomenidis, there is also interest in acquiring real estate in Northern Greece, especially in countries such as Germany, Sweden and Bulgaria.

Buyer interest concerns almost exclusively newly built and luxurious holiday homes in the above areas. Despite their high cost by Greek standards, according to Mr. Manomenidis, “compared to other Mediterranean countries, prices in Greece are low, which makes this type of investment especially profitable.” In this regard, a delegation of US brokers visited Greece a few weeks ago.

These people traveled and saw various properties in lesser known areas of the country such as Alexandroupolis, Ioannina, Parga, Patra, Aigio and Kavala, and of course Athens and Thessaloniki, and expressed their intention to buy houses and investments in new construction. designs, with a view to subsequently selling them to their customers in the United States.

eXp Realty is one of the new arrivals of foreign companies on the Greek real estate market. According to Mr. Michael Valdez, Head of Development at the American Group, “Greece has always been a dynamic market with significant growth driven by tourism while at the same time offering excellent investment opportunities for foreign investors. Its beautiful geography and advantageous geopolitical position of the country are poles of attraction for many foreign investors, whether for business or personal reasons.” Mr. Valdes adds that “we continue to see great prospects for both our partners and property buyers in Greece.”

eXp Realty is trying to position itself in the Greek real estate market by introducing a different model than traditional real estate office chains, as it does not use the franchise method, therefore it does not charge royalties from network members. “Our employees share a percentage of their remuneration with the company, but once they meet the minimum level of income per year, their additional income is commission-free and belongs entirely to them,” says Mr. Manomenidis.

However, according to him, in the near future the real estate market will enter a period of intensive correction of both sale prices and demand. “The absence of investors from China, Turkey, Russia and Ukraine and, of course, the war itself is expected to negatively affect the real estate market, although there will be pockets of resistance, such as new construction in parts of the country, for example. . on islands popular with tourists and in parts of the Athenian Riviera.”