Foreign buyers dominate hunt for Greek island home




More than eight in ten potential home buyers on the Greek islands are foreign nationals with strong interest coming from central European countries, according to Georg Petras, CEO of Engel & Völkers in Greece.


Strong interest is noted especially from Central Europeans coming from the DACH regions (45 percent from Germany, 15 percent from Switzerland and 10 percent from Austria) as well as the Benelux countries and the USA.


Demand for real estate in Mykonos and Santorini remains solid, as well as on Crete and Corfu and in the coastal areas of the Peloponnese like Porto Heli despite the pandemic, says Petras.


In Porto Heli houses reach a maximum total of 7 million euros. Amongst the most popular destinations are also Paros and Rhodes, where the top price for a house is 4 million euros and apartments in the most requested areas reach up to a maximum of 6,000 euros per square meter.


At the same time, the maximum price for a detached home in Paros is at around 8 million euros.


Currently, the most expensive estate in the Engel & Völkers Greece portfolio is a villa in Mykonos with direct access to the sea; the asking price is 10 million euros.


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