Seaview properties help the Greek luxury residential market compete as equal with developed markets such as Spain and Switzerland, thanks to key areas such as the Athenian Riviera, the Cyclades and Ionian islands.
This high demand is also reflected in the rise in sales prices, which reach up to €12,000 per square meter for luxury newly built homes with a sea view, but remain significantly lower than the corresponding costs, like on the French Riviera, where prices range from €30,000 to €60,000 per sq.m., real estate market executives say.
One of them, Konstantinos Grintzalis, head of the sales department of the Engel & Volkers Greece real estate agency network, told last weekend’s Real Estate Forum in Athens that “according to the latest data from our international network, Greece is in second place this year in terms of increased purchasing interest, behind only Italy, while we are directly competing with markets such as Spain and Switzerland.”
He said location, view and sustainability make up the narrative of the Greek market, where a 45% increase is recorded for energy-independent homes (for instance, with a water management system), which do not belong to a high climate risk zone.
