What changed
2026-07-29 22:26 UTC → 2026-08-09 06:51 UTC ·
added
removed
The In the first half of 2026 saw 2026, Greece’s high‑end property luxury real estate market reach a reached record €6.11 billion in buyer demand, about 19 % above the five‑year average demand of €6.11 billion, a 35% increase over 2025 and 35 % higher than 19% above the same period in 2025. five-year average. The median average enquiry value of properties sought rose 28 % to €2.95 €5.89 million, while the average enquiry median value of properties sought increased 28% to roughly €5.9 €2.95 million. Institutional investors are now a larger and better‑funded presence, and appraisal standards have tightened. Domestic Properties priced above €5 million accounted for approximately 70% of the total volume. While domestic buyers remain the core market, but non‑domestic investors accounted for significant activity. Between 2024 and H1 2026, purchases by non‑domestic buyers totalled €58.2 billion, far outpacing the €18.9 billion generated through the Golden Visa scheme. non-domestic interest has surged. British purchasers dominate this segment with a 53 % share, a trend linked to interest rose 60% year-on-year following the United Kingdom’s UK's April 2025 abolition of its former tax‑benefit framework. non-dom tax regime, and Australian interest demand also grew, and grew by 60%, driven by the Greek diaspora. The United States contributed about 14.5 % 14.5% of enquiries. Sotheby’s International Realty reported that non‑domestic buyers made up 29 % of its luxury‑home transaction volume in 2025, totalling €58.2 million, compared with €18.9 million for Golden‑Visa sales. The median non‑domestic transaction was €2.95 million—more than double the €1.5 million Golden‑Visa median—and 53 % of these sales were by British buyers, a pattern the broker tied market demonstrated resilience to geopolitical tension; while the UK’s April 2025 repeal of Iran-Israel conflict caused a brief 5% dip in enquiries during its own non‑dom tax regime. Most first 20 days, demand rebounded quickly. Regional activity remains concentrated on the in high-value areas. The Athens Riviera (88 % has emerged as the fastest-growing premium market, with branded residences reaching up to €26,848 per square meter. In the Cyclades, Mykonos maintains a high luxury benchmark with median asking prices of both non‑dom and Golden‑Visa deals), and €16,790 per square meter. Additionally, "film tourism" from Hollywood productions has been noted as a new 6,673‑sq‑ft cliff‑side villa on Corfu’s northeast coast, listed at $10.8 million, underscored ongoing foreign demand catalyst for premium coastal properties. rising prices in locations like Hydra. In a broader economic context, the Bank of Greece reported that household deposits reached a three-year record of €153 billion in H1 2026, supported by tourism-related income and stronger employment.