Greek Luxury Property Demand Rises as British and US Buyers Target Homes Above €10,000 per Sq. Metre

Greece is attracting more attention from overseas property buyers, particularly those from Britain and the United States. Some expensive properties in cities like Athens along with islands like the Cyclades and Ionian Islands are gaining attention. The sellers in different sought-after areas of Greece are charging more than €10,000/m2.

The statistics about the buying trend in the country in the first half of 2026 will shed more light about the rise of demand for Greek property. Foreign investment in Greek real estate stood at €1.03 billion, according to Bank of Greece figures. The value of properties that attracted purchase inquiries through Greece Sotheby’s International Realty reached €6.11 billion. A year earlier, the figure was €4.51 billion.

There has also been a change in the budgets of prospective buyers. The median value of inquiries rose from €2.3 million to €2.95 million, an increase of 28%. These are indicative inquiry values, not confirmed sales.

British buyers accounted for 17.4% of inquiries, while Americans made up 14.5%. Greek buyers represented the largest individual group at 18.8%. Combined, the three groups contributed just over half of the recorded interest.

Interest from British purchasers was up 60%. One factor behind the increase may be the abolition of the UK's non-domiciled tax regime in April 2025.

Prices vary considerably depending on the location. On the Athens Riviera, 44 active luxury listings had a median asking price of €10,213 per square metre. Mykonos was higher, at €10,938. The corresponding figures for Lefkada and Corfu were €9,130 and €8,716.

Looking at more than 400 luxury listings across Greece, the median asking price came to €8,333 per square metre. A small number of properties were listed at nearly €40,000 per square metre.

The most expensive homes are attracting a large share of buyer inquiries. Properties priced above €5 million represented 70% of their total value in the first half of 2026. Inquiry value in this segment increased by 45% compared with the previous year. Properties below €2 million also saw an increase in interest, with demand rising by 18%.

Still, high asking prices do not mean every property is selling quickly. Completed transactions in the sample took a median of 238 days from listing to agreement. Sellers have also been adjusting their expectations. Of 25 properties monitored between 2025 and 2026, 72% underwent price reductions, with the median cut standing at around 8%.

Elsewhere, Greece's Golden Visa programme recorded 2,551 applications in the first half of 2026, down from 4,553 a year earlier. That represents a 44% decline, even as interest in the country's high-end property market continues.