In the context of a relevant research, market professionals and associates of Berkshire Hathaway Home Services reported that foreign buyers have shown particular interest in the Greek housing market, as more than 50% of transactions are now made with the participation of people from abroad.

More specifically, 55% of the investments in the Greek real estate market come from abroad, with 31% concerning buyers from countries of the EMEA geographical area (Europe, Middle East and Africa), while an additional 24% of buyers come from countries outside EMEA.

The remaining 45% concerns domestic buyers. According to the professionals who participated in the research, the Greek real estate market will maintain its dynamic growth this year as well. In fact, 63% estimate that in 2022 the market growth will accelerate, while 89% of professionals predict that it will become even more competitive.

Demand in the real estate market, according to the analysis, is mainly located in urban centers, which is confirmed by 63% of professionals, with apartments certainly outperforming single-family homes.

It is also noteworthy that the largest increase in demand, by 51%, concerns housing that offers easy access to public transport.

In contrast to the increased demand for apartments within large cities, this higher mobility compared to previous years does not seem to extend to other areas, where 29% of professionals spoke of a decrease in demand and only 24% reported an increase demand.

“Greece is a pole of attraction for real estate investment, thanks to its special geographical location and the prevailing climatic conditions, offering huge opportunities and great growth prospects”, says Kyriakos Xydis, General Manager of Berkshire Hathaway Home Services Athens Properties At the same time, Mr. George Yfantis, head of the company’s sales department, states that “the Greek real estate market has changed dramatically for the better in the last year. “The pandemic is a major factor in increased demand, as those concerned have been able to save money due to travel restrictions and have increasingly valued housing as a place to live and work.”

As for the two main trends that will significantly affect the domestic market over the next 3-5 years, experts focus on flexible forms of work and land availability. Flexible forms of work have begun to differentiate the form of demand, both in terms of location (further from the office) and in terms of the size of the requested properties (larger area, so that remote work is possible). Respectively, an important parameter for the shaping of the demand is the access to the means of transport.

It is recalled that Berkshire Hathaway Home Services started operating in Greece about a year ago. It is one of the largest real estate groups in the world, with 1,500 offices employing 50,000 professional brokers in the US, Canada, Mexico, Europe and the Middle East, with a turnover (based on the volume of real estate sales) exceeding 115 billion. Berkshire Hathaway has been established in Greece through its cooperation with ENEA Real Estate, which will now be part of the international group’s network.

Source: kathimerini.gr