Buyers from Central European Countries Showing a Particular Interest in Greek Islands for Property Buying

Demand for real estate on the Greek islands has increased in the last year with foreign buyers coming mainly from central Europe, says Sven Odia - CEO of Engel & Volkers.

 

Given the COVID-19 pandemic, many choose to invest in a second home in a Mediterranean destination in order to escape the city and enjoy quality time on the sea.

 

 “International buyers, especially from Central European countries, continue to invest in second homes in Greece. Interest in properties on Crete, Corfu, other islands and the coastal areas of the Peloponnese has remained very high. Exclusive villas near white sandy beaches are especially popular on Mykonos, Paros and Rhodes. A detached home can cost up to 8 million euros in Paros and 4 million euros in Rhodes. Apartments in highly-favored areas of Rhodes reach a maximum of 6,000 euros per square meter. Prices are expected to remain stable throughout 2021”, Odia commented.