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. 

This article was first published here. 

For more Real Estate News & Views on Greece and Europe’s South, head to The Greek Guru.

*Image courtesy of Luxury Estate

Stelios Bouras

A journalist for nearly two decades, Stelios has covered everything in the Greek capital, ranging from the politics and the economy to dancing architects and the souvlaki. Writing is his passion. After covering Greece for The Wall Street Journal and Reuters, he is now narrowing in on real estate and architecture. He believes that homes are more than a place to eat and sleep in and that light, design and space shape lives, along with the features of a building. Originally from Melbourne, he knows how to break down complex Greek issues into easy to understand stories for a foreign audience. He writes on real estate and the economy on his blog GreekGuru.net

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