“Greece as a market is now forever on the luxury holiday home map” is a clear message sent by the leaders of this particular market, indicating that our country is attracting the interest of an increasing number of people with high economic status.

Q’s are answered by Savvas Savvaidis, President and CEO of Greek Sotheby’s International Realty, Yannis Ploumis, CEO of Ploumis-Sotiropoulos office representing Christies Estates in Greece, and George Petras, CEO of Engel real estate chain. & Volkers in Greece.

Savvas Savvaidis: Having personally experienced the dynamics of the destination, I can assure you that Greece has all the guarantees to become the protagonist of the next decade of luxury real estate. Its authenticity, natural beauty, climate and geographic location make it an ideal choice for high-end buyers. What will be essential for the future development of the market is to present luxury real estate to the “right eyes”, that is, to the public that is ready to recognize it.

George Petras: Real estate in Greece offers the most attractive price per sq.m. Thus, foreign buyers can find quite advantageous offers compared to other Mediterranean countries. In addition, Greece, especially in its islands, offers a high percentage of sunshine and a generally mild winter, which is also appreciated by foreigners. I note here that a percentage of 10-15% of buyers do this purely for investment reasons, as they believe that they will receive a large profit from future resale, as well as income from the operation of their property. Their goal is a 5-10% yield, which is offered by most of the country’s popular tourist destinations.

Giannis Plumis: Greece is currently one of the most popular travel destinations worldwide. It’s not just the natural beauty of its landscapes, which has no equal, and its historical sights, which are monuments of beauty. These have always existed. However, the legacy that the current government has created, with a tax system that favors real estate investment, with the benefits that come from being homeless, and from golden visas, has all laid the foundations and solid foundations, so buyers interested in real estate should tens of millions of euros to choose Greece. Add to this the easy air links from most of the major cities in Europe and the Middle East directly to our islands, and never before has our country been in such an advantageous position. The future in the suburban real estate market is predicted to be cloudless.