Greece is evolving into a magnet for ultra-wealthy foreigners who are interested in transferring their tax domicile to another country, with the luxury housing market being a main destination to park those funds.
According to data collected by Greece Sotheby’s International Realty, in 2025 non-domicile citizens accounted for 29% of the volume of transactions in the Greek luxury housing market, double the percentage from the 14% recorded in 2024. Before that, this category of investors was completely absent from the domestic market.
Based on the data collected by Sotheby’s from 2024 until the first half of 2026, €58.2 million has been invested in luxury homes, with the average value per transaction at €2.95 million.
Notably, the “Athenian Riviera” has generated 88% of sales, with British buyers the most active, accounting for 53% of the volume.
This is also explained by the fact that Great Britain abolished the non-dom status in April 2025, as a result of which the number of multimillionaires looking for another country to transfer their tax headquarters has multiplied.
