Greece Sotheby’s International Realty has completed luxury-property sales worth $36.5 million (€40 million) in just 40 days, underscoring Greece status as a prime luxury real-estate destination.
The company’s performance comes amid what the firm calls a otherwise subdued global market, where demand for high-end residences has fallen about 20 percent since the start of the year.
Savvas Savvaidis, President & CEO of Greece Sotheby’s International Realty, highlighted Greece’s enduring appeal for discerning investors.
“These results reflect a consistent and strategically organized presence in international markets, based on many years of experience and expertise in luxury real estate. Greece now operates in an extremely competitive environment, in the category of prime and super prime real estate, where mature and established destinations such as the French Riviera, Mallorca and Ibiza, Sardinia and Southern Italy dominate, but also emerging players such as Croatia and Montenegro. Our country has comparative advantages of rarity, authenticity and natural beauty, which attract an increasing number of high-level international buyers” says Savvaidis.
Recent transactions span multiple Greek real-estate destinations including Paros ($9.53 million), Skiathos ($6.04 million), Corfu ($5 million), Kefalonia ($3.31 million), Tinos ($1.24 million) as well as downtown Athens and the Athens riviera ($1.24 million to $4.07 million).
Cover Photo of Apollo Hills / Photo Credit: Sotheby’s Greece