Greek locals are driving demand for high-quality residential properties in Attica and Crete, according to new research from Bollmann Group Hellas, the local branch of the international property developer.
Greek buyers are expected to account for 25% of all interest in 2025, ahead of US (18.4%) and Canadian (18%) investors, with Australia (10.6%) and German-speaking countries of Europe like Germany, Austria and part of Switzerland (6.4%) following.
Over 65% of foreign interest comes from individuals with Greek family ties.
Elias Manoukas, head of Bollmann’s Greek investment arm, said properties in areas like Chania are viewed by locals as a “safe investment” during inflation and uncertainty.
Domestic buyers seek modern, energy-efficient homes—a shift from aging urban housing stock.
Bollmann’s Platonos Gardens project in Chania has received over 880 inquiries since early 2024, with Greek demand peaking in Q3 2024 at 39% before tapering to 17.2% in 2025.
Interest from the US surged in late 2024 but slowed amid price hikes in popular Greek regions, the strengthened euro, and tightened Golden Visa rules.
Meanwhile, Canadian demand has risen sharply, reaching 36.3% in Q2 2025. Australian interest remains steady with a slight positive trajectory, while Israeli demand, once at 13.4%, has dropped to zero in 2025.
Regulatory changes affecting short-term rentals and broader geopolitical instability have also dampened overseas enthusiasm, especially from the US.
To meet local market needs, Bollmann emphasises location, construction quality, and design, partnering with Crete-based Vavoulas Construction.
Source: thetoc.gr
