realestate

UHNWI Survey Shows Greece's Luxury Real Estate Now Mediterranean Elite

First Greek study of 250+ ultra‑high‑net‑worth individuals from 30 countries finds 63% intent to buy.

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*Voices of Affluence** – Greece’s inaugural survey of ultra‑high‑net‑worth individuals (UHNWIs) gathered 250 responses from 30 countries.

    - **Purchase intent:** 63 % plan to buy Greek property; 52 % of international buyers also consider other Mediterranean destinations.

    - **Market share:** Greece captures 2 % of the €50 bn Mediterranean luxury market, equating to roughly €1 bn annually.

    - **Price parity:** Greek destinations now match prices in Mallorca, Ibiza, and Tuscany.

    - **High‑budget buyers:** 10 % are centi‑millionaires with budgets above €10 m.

    - **New buyer archetype:** The “Romantic Affluent” – average age 54, median spend €2.5 m, prioritising authenticity over ostentation.

    **International vs. domestic buyers**

    - 67 % of respondents are international: US 12 %, UK 10 %, France 8 %, Germany 7 %, Switzerland 6 %, GCC 4 %.

    - 33 % are Greek, showing strong domestic luxury demand.

    **Price comparisons**

    - Mykonos €10,800/m² vs. Ibiza €11,600/m²

    - Athens Riviera €10,500/m² vs. Dubai coastal €12,600/m²

    - Corfu €8,900/m² vs. Mallorca €9,900/m²

    - Peloponnese €5,500/m² vs. Tuscany €4,000/m²

    **Economic confidence**

    - 83 % expect Greece’s economy to stay stable or improve.

    - 76 % foresee property values holding or rising; only 20 % anticipate a decline, yet many still intend to buy for lifestyle reasons.

    **Regional preferences**

    - Greek buyers: Athens Riviera 42 %, Cyclades 28 %, Peloponnese 15 %, Ionian Islands 10 %.

    - International buyers: Cyclades 40 %, Ionian Islands 20 %, Athens Riviera 15 %, Crete/Dodecanese 10 %.

    **Methodology**

    Survey ran 4–17 Sept 2025, 250 completed responses, ±6 % margin of error. Findings validated against €550 m in prime and super‑prime transactions and a price analysis of 2,145 properties across the Sotheby’s International Realty network.

    The report confirms Greece’s price parity with mature Mediterranean markets while highlighting a 2 % market share, signalling substantial growth potential. Enhanced transparency and institutional investment could deepen the luxury real estate sector.

Survey reveals Greece's luxury real estate as Mediterranean elite.