4 year Greek Real Estate Market overview

The Greek real estate market has seen a significant increase in prices over the past four years, driven by a growing economy, increased foreign investment, and a growing demand for holiday homes. In this article, we’ll take a closer look at the factors contributing to the price increase and what it means for the Greek real estate market moving forward.

2019:
The Greek economy started to recover from the financial crisis and showed signs of growth, which helped boost consumer confidence.
The government introduced new tax incentives to attract foreign investment, which boosted the real estate market.

2020:
The COVID-19 pandemic caused a slowdown in the real estate market, but the country’s quick response and effective handling of the pandemic helped to mitigate the impact.
The demand for holiday homes increased as people sought a safer and more isolated place to stay during the pandemic.

2021:
The real estate market continued to recover, driven by increased demand for holiday homes and a growing economy.
The government introduced additional tax incentives to attract foreign investment and boost the real estate market.

2022:
The demand for holiday homes continued to grow, driving up prices in popular tourist destinations.
The Greek economy continued to grow, further boosting consumer confidence and driving up prices.

2023:
The demand for holiday homes is expected to continue growing, driven by the country’s growing economy and increasing popularity as a tourist destination.
The government is expected to continue to introduce tax incentives to attract foreign investment and boost the real estate market.
Conclusion: The Greek real estate market has seen significant price increases over the past four years, driven by a growing economy, increased foreign investment, and growing demand for holiday homes. With the demand for holiday homes expected to continue growing, the real estate market is poised for further growth in the coming years.