
The Frankfurter Allgemeine Zeitung provides an extensive report on the purchase of holiday homes in Greece, focusing on the growing demand of Greek coastal properties, with the result that their prices are also increasing. “Right now Greece is the most attractive holiday market in the Mediterranean,” writes FAZ. In fact, the tendency to buy holiday homes in Greece seems to have increased during the pandemic and the expansion of teleworking opportunities, with the newspaper quoting the views of brokers and experts in the housing market in Greece. Elsewhere, the report notes about the profile of buyers: “Now not everyone interested wants to use the cottages for the same use. Greece is increasingly attracting the attention of investors.”
The report also notes: “The Cyclades, with Mykonos and Santorini, have a total of 39 islands, of which 24 are inhabited. Amorgos, Naxos, Paros or Tinos offer paradise beaches and archeological sites. If one spends time searching, one can find a house of 100 sq.m. and a usable plot of land from 200,000 to 250,000 euros and can move there immediately, say real estate experts.”
Special mention is made of Syros and Thassos, an island that is “little known in Germany. It is in fact the northernmost inhabited island of the Aegean, which is often called the emerald of the Aegean because of its shape and its green vegetation “.
Dimitra Kyranoudi
Source: DW


Latest News

Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”

Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.