The Greek luxury real estate market has attracted institutional investors lately, as stated in a press release by Corina Saias, CEO of Premier Realty Greece.
The main factors for this development are the following:
1. Macroeconomic Stability: The exit from the crisis and the upgrades by international houses have strengthened confidence.
2. Competitive values and returns: Luxury real estate prices in Greece remain lower than other Mediterranean destinations, while rental yields (especially short-term) reach or exceed 5%-7%, offering a strong investment incentive.
3. Development of new areas: In addition to Mykonos and Santorini, emerging destinations such as Paros, Tinos, Crete and the Peloponnese are attracting investment. At the same time, urban areas such as the Athenian Riviera, the center of Athens and Thessaloniki are dynamically developing.
4. Combined real estate and hospitality models: The growing demand for luxury residences with hotel services and wellness infrastructures creates new forms of investment with multiple revenue streams, enhanced by the country's tourism potential.
5. Flexible investment tools