Record Year for Luxury Property Sales in Greece
So far 2022 seems to be the Greek luxury real estate market's best year thanks to record-breaking transactions taking place both in regions attracting constant interest such as Mykonos, as well as in other parts of the country, such as Syros and Lefkada. Mykonos remained the main point of reference for the sale of second homes, with a transaction of over 23 million euros setting the record for the highest sale value of an individual residing in Greece. This particular transaction amounts to approximately 4 times the value of the island's average transactions and comes to solidify Mykonos' rightfully held title as the flagship of Greek luxury real estate. Other regions in the country are following the same path, such as Syros, Lefkada, and Paxoi. The latter not only garnered high interest but also saw very high transactions, with records being broken in quick succession. More specifically, this year's highest value transaction on the island of Syros marked an all-time high in the transactions recorded in the island's history with the sale of a property worth 3,7 million euros made by Greece Sotheby's International Realty. This particular transaction value is approximately 3 times higher than the average deals of a similar scale that took place in previous years. Respectively, on the island of Lefkada, the historical record in the sale value of a luxury property was broken not once, but twice, in 2022 with transactions reaching 4,1 and 5,4 million euros. One of the above transactions also revealed the highest value per square meter with its price reaching 16,700 euros/sq. meter. It is worth noting that in Lefkada transactions of luxury real estate are few and far between, with the majority of properties nearing the highest limit of 1,5 million euros, while the records observed in 2022 represent values almost 3 times as high.
Tags : Greek luxury real estate market Syros Lefkada island historical record property sale