We look at why Greece’s high-end property market grows from strength to strength. Plus, a glance at our own high-end homes.
According to data provided by the Bank of Greece, the high-end property market is providing a welcome boost to the economy. In the first three months of 2023, foreign direct investments increased by 32.9% year-on-year. The Bank of Greece’s “Monetary Policy 2022-23” report revealed that this equaled to €0.5 billion. This follows on from a dynamic year for 2022, when the average annual increase of foreign direct investment was 68%, €2 billion.
The report foresees that high-end properties in Greece will continue to be attractive to overseas buyers. This is despite the rising costs of materials and energy.
There is a strong demand for modern properties boasting of high-tech features. However, due to a limited supply of such homes, there is also a price increase on properties with lower technical specifications.
Find homes in Greece via our property portal.
British celebrity hairdresser attempts to sell Mykonos home
In other luxury property news, celebrity hairdresser Charles Worthington is attempting to sell an eight-bedroom home in Mykonos for €50 million. Worthington has been a hairdresser for celebrities such as Lily James, Sharon Stone and Sarah Jessica Parker. The property stands on a clifftop, overlooking incredible views. The house boasts of other spectacular features including a whirlpool, infinity pool, gym, and entertaining space with room enough for 200 guests. If sold, it will be the highest ever price paid for a property on the island. You can also rent the property for €220,000 a week.
Golden Visa
Don’t forget that Greece has a golden visa. By purchasing a home of at least €250,000 (increasing to €500,000 in some areas at the end of July), you are eligible for a Greece golden visa. The benefits include: ability to live in Greece, you can extend your visa to include friends and family. Plus, you can travel freely within the Schengen Area.
Our own high-end Greece properties
Over on the Your Overseas Home property portal, we have some astonishing high-end properties for sale. You can toggle around with the filters to get the budget and location you are looking for.
Five-bedroom, Akrotiri, Chania, €4,500,000
Click on the image to see more of this amazing Chania home.
This luxurious villa is over three levels. It has five double bedrooms, each with their own ensuite; a fitted kitchen; walk-in wardrobes and energy efficient underfloor heating. Additionally, there’s a private heated swimming pool; a jacuzzi and sauna; a gym. There is also a garage with space for four cars. Plus, a central surveillance system with cameras.
Five-bedroom, Agios Nikolaos, Crete, €3,500,000
Imagine playing tennis here.
This beautiful villa is positioned over a small bay and is only 150 metres from a beach with a vibrant marina. As well as a breathtaking jacuzzi with views over the sea, a fireplace and a sauna, the property has its own tennis court.
The centre of Agios Nikolas is just 30 minutes away.
Five-bedroom, Volimes, Zakynthos, €2,400,000
Check out this excellent new villa.
This is newly built boasts of panoramic sea views and beautiful green landscaped gardens. The villa comes with a heated pool and a jacuzzi. While the villa feels isolated, the hotspots of Zakynthos are not far away.
You may also enjoying reading:
- Could buying off-plan in Greece work for you? – with an off-plan home, you can add to the design to make it your perfect property.
- 9 pretty Peloponnese properties – looking for a home in Greece without a high price tag? These Peloponnese homes suit various budgets.
- Settling into a Greek Village – learn about how Julia and her husband turned an old village property into a lovely home.
- Buying Property in Greece: The Complete Guide – your go-to spot for reading up on the purchasing process.
