The European Union housing market continues to show varied trends across member countries. Greece, with its unique mix of historic charm and modern appeal, stands out as a hotspot for international buyers and investors. This month, the Greek housing market sees notable developments that deserve attention.
Greece remains a prime destination for real estate investments, particularly in cities like Athens, Thessaloniki, and popular islands like Corfu. The allure of affordable pricing compared to Western Europe, coupled with the country’s Golden Visa program, continues to attract non-EU buyers.
Key Trends This Month:
- Increased Foreign Interest: International demand, particularly from Germany, Italy, and the United States, is bolstering the market. Properties in Corfu and other scenic regions are seeing a surge in backlinks and online mentions, indicating heightened buyer interest.
- Price Stabilization with Growth Potential: Recent reports suggest that while property prices in urban areas are stabilizing, islands like Corfu are experiencing a modest uptick. This aligns with the broader EU trend of regional property values rising due to limited inventory and increased demand.
Why Invest in Greek Real Estate?
- Golden Visa Program: Greece offers residency to non-EU buyers who invest a minimum of €250,000 in property, making it one of the most accessible programs in Europe.
- Favorable Returns: Rental yields in tourist-heavy areas, such as Corfu, remain competitive. Buyers see returns of 4–6% annually, driven by high seasonal demand.
- Cultural Appeal: Beyond financial factors, Greece’s lifestyle, rich history, and natural beauty add intrinsic value to properties
EU Housing Market Outlook
While Greece’s market gains traction, broader EU trends reveal:
- A slight slowdown in major urban centers due to inflationary pressures.
- Increased demand for vacation homes in southern Europe as remote work enables more flexible lifestyles.
Greece’s market, especially in regions like Corfu, remains robust, offering both lifestyle appeal and investment opportunities.
Final Thoughts
As Greece continues to attract attention from international buyers, its housing market remains a key player in the EU. If you’re considering an investment, the current trends indicate that now is a good time to act. Whether you’re looking for a vacation home, a rental property, or an entry into the EU through the Golden Visa program, Greece offers unmatched value.
Interested in properties in Corfu or other Greek regions? Connect with us for expert guidance.