Most of the current property buyers in Greece are from German-speaking countries, with Germany, Austria and Switzerland at the forefront, says Handelsblatt.
According to the Bank of Greece, during the 2017—2021 period, Chinese buyers invested €1,2 billion in Greek real estate over the same period, with €973 million buyers coming from Hong Kong. European Union buyers invested €1,85 billion in Greek real estate, while the buyers outside the zone invested €3,27 billion — due to the Greece Golden Visa program.
Europeans invested €473 million in 2021 alone: a 47% increase compared to the pandemic-restricted 2022. Cyprus buyers led the way, investing €466 million in Greek real estate. German buyers invested €312 million, Switzerland buyers — €312 million, British — €176 million, and Israeli — €161 million.
The increased interest in Greece from foreign investors is unsurprising. Compared to the rest of the Mediterranean, Greek property prices are moderate. The average prices are €1,848 per 1 m 2. The overall price dynamic is slower than in the European Union, but the annual growth is a steady 1,2%.
An apartment in the prestigious Athen neighbourhood can be bought for €2 million and an apartment with a sea view — for €500,000.
Greek property prices in November 2022
As of November 18, 2022. Source: Numbeo.com
The real estate value for the money in Greece is impressive, considering the comfortable climate and the developed infrastructure. The properties are also liquid investments that can be rented out or resold for profit.
Region of Greece 
83 m² — 94 m²
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