Report for the sale market in Greece by RE/MAX Europe 2023

In the active housing market in Greece, more than 1/3 (36.6%) of Greek respondents expect to move within the next two years and their choices are clearly directed to urban housing. Whether buying or renting, more than 60% of these moving applicants are looking to urban apartments.
A quarter of those expecting to move are motivated by economic factors, which is among the highest in Europe. In this category, about 8% are looking for more financial areas, while more than 6% aim to reduce their loan or rental costs. At the same time, 26% are looking for larger properties and 1/4 are turning to more amenities and security, which other areas can offer them.

Surprisingly, although 80% of Greeks already own real estate, those looking to move say they are likely to rent their next property. Over 31% are looking for long-term leases, while only 11% are considering shorter rental periods. 1/4 of prospective buyers think of properties with a preference in urban or suburban areas. Interestingly, granting the use of real estate to friends and family members is the motivation for almost 3 out of 10 Greek respondents who are thinking of buying a property.

Cohabitation is on the rise in Greece, due to the advantages deriving from shared living. What entices Greeks most to choose cohabitation is more cost-effective, shared access to amenities (26.7%) and reduced feelings of isolation (22.7%). In addition, about 20% of survey respondents turn to this idea for its flexibility, since it allows them to divide their time in more locations.

Co-ownership also attracted significant attention, with 67% of Greeks expressing interest in this shared path to ownership. For many, it is the way to share maintenance costs (30.1%) and ensure access to properties that would otherwise be difficult to afford (24.9%). Meanwhile, for less than a quarter of respondents (24.4%), co-ownership offers an attractive way to secure a second or holiday home.