Engel & Völkers Intelligence


Property prices in the islands have remained stable and interest levels have skyrocketed

Greece was set to reopen its borders on May 14, welcoming once again tourists, buyers and investors from abroad. “We are delighted to see Greece’s summer protocol for 2021 to be in course and to welcome foreigners again. The Greek islands have attracted this past year strong interest from international buyers, especially from Central European countries. We are expecting this number to rise exponentially in the coming months,” says Georg Petras, CEO of Engel & Völkers in Greece. In the last twelve months, regardless of the coronavirus pandemic, property prices in the islands have remained stable and interest levels have skyrocketed. Greece and its islands have for many years been one of the most attractive destinations in Europe. Engel & Völkers expects demand for second homes to rise by this summer and prices to remain stable. “This is a year of great opportunities for all investors and buyers looking to own a property in Greece. 2021 might well be the year that the market reorganises and stabilises under newcircumstances, opening up savvy investment opportunities with the potential for high returns,” says Georg Petras. "We want to offer quality services in the first and second home sector, meaning both for foreign and also domestic investors," he concludes. With the appropriate tax measures, government support, the development of necessary infrastructure, Greece can be a competitive destination for Germans, British and other nationalities, when the pandemic comes to an end.

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