The average sale price of properties in the Aegean islands, especially the Cyclades, has exceeded €4,000 per square metre, according to recent data.
The surge in demand and prices is not limited to popular islands; smaller, remote islands are also experiencing significant increases.
The Greek real estate market appears to have entered “bubble” territory, following its rally of six years that started in 2017, as the International Monetary Fund (IMF) observed in its Article IV Consultation report on Greece.
The latest property-related news with Athens prominently figured comes in the first days of 2024, with Knight Frank listing the Greek capital in fifth place internationally in terms of higher prices, out of 107 major cities surveyed around the world.