Demand for luxury residences registered a significant increase in the year’s first half.
According to research data from Greece Sotheby’s International Realty, the total value of the properties that showed demand reached €6.11 billion, which is 35% higher than the corresponding period last year (€4.51 billion).
It was also 19% higher than the average of the last five years.
Demand mainly originates from Greece, the UK and the US.
The average property value per demand increased from €5.1 million last year to €5.9 million in the first half of this year, while the median value (excluding the few properties with unique characteristics and very high value) increased by 28% to €2.95 million.
