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Luxury residential prices double within five years
- 6 November, 25
Luxury home sales prices are now up to double what they were five years ago, estate agents say, a sign of the rapid growth of this segment of the housing market.
The big increases are not limited to Mykonos and Santorini, but also affect the Ionian and Dodecanese islands: Properties on Meganisi and Kefalonia sell for up to 20,000 euros per square meter.
Often the big problem is finding the right property and not finding a buyer, agents emphasize.
Foreign buyers have increased significantly and now come from a broad geographical base, with many wealthy investors from the US and Asia – quite a recent phenomenon.
Cre: ekathimerini
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