The largest value transaction in Greece took place in Mykonos

In Mykonos, the highest value transaction of a single holiday home in Greece was recorded, exceeding 23 million euros.

The best year so far seems to be 2022 for its Greek market luxury real estatewith transactions reaching record amounts both in areas of constant interest, such as Mykonos, and in other parts of the country, such as Syros and Lefkada.

The main point of reference for the sales of second homes could only be Mykonos where it was noted the absolute record value of the sale of an individual residence in Greece, with the amount of the transaction exceeding 23 million euros! This transaction is approximately four times the value of the average transactions of the island and comes to seal the title that Mykonos rightfully holds as the flagship of Greek luxury real estate.

Other regions of the country follow a similar path, such as Syros, Lefkada and Paxos where not only was there very high interest, but really high trades were also recorded, with the records succeeding one another.

More specifically on her island Syros the highest value transaction in the history of the island was recorded this year with the sale of the house Greece Sotheby’s International Realty of a property for 3.7 million euros. This particular transaction value is approximately 3 times higher than the average level of deals of this scale in previous years.

Accordingly on her island Lefkada the all-time luxury property sales value record was broken in 2022 not just once but twice with transactions 4.1 and 5.4 million euros, in one of which the largest amount per square meter was recorded, with its value being 16,700 euros per sq.m. It is worth noting that in Lefkada, luxury real estate transactions are few and far between, with most hovering around the 1.5 million euro mark, and the particular records set in 2022 represent almost 3 times the values.

Savvas Savvaidis, President and CEO of Greece Sotheby’s International Realty, said:The 12 national records of all-time high transactions that we have achieved in recent years are the most practical proof of the international reach of the brand, the effect this has on the buyers who trust us and the effectiveness of extensive marketing actions in all key international markets . Through a systematic effort, we have effectively succeeded in upgrading the recognition of the country’s luxury real estate in the audiences outside of Greece that really count, and we have directed the attention of Ultra High Net Worth Individuals to the “diamonds” of Greek real estate. The direct result of this is that we achieve much higher returns every year for the sellers who trust us

The case study of Paxos
In the context of the above, a typical example of the dynamics of the Greek destination, regardless of its previous international reputation, is the island of Paxos, where in just 4 years the values ​​of the top transactions multiplied. More specifically, from May 2018 until July 2021, through transactions by Greece Sotheby’s International Realty, the record of the region was broken 6 times in a row, rising from 1.6 million euros in 2018, to 1.9 and 2.5 million euros in 2019 and to 3.5 million, 5 million and 5.2 million euros in 2021.

Corfu and Mykonos at the peak of demand
Based on the data pool of Greece Sotheby’s International Realty, the first places in demand for the 8th month of 2022 are Corfu and Mykonos, followed by the Athenian Riviera, Paros and Rhodes. Tinos, the center of Athens, Crete, Kea and Paxos complete the top ten.

At the level of countries of origin, Great Britain remained in first place in 2022, with the USA and France occupying the 2nd and 3rd places in requests, however showing excellent dynamics, increased by 76% and 74% respectively compared to the same period of 2021 .

Greece Sotheby’s International Realty
Greece Sotheby’s International Realty is the leading luxury real estate agency specializing in the promotion and sale of luxury homes in the Greek islands, as well as in selected locations on the mainland. It is an internationally awarded company, with experienced executives counting more than two decades of successful sales. Using sophisticated promotion tools and leveraging the power of its international brand, Greece Sotheby’s International Realty offers exceptional homes to exceptional people around the world.


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The article is in Greek

Tags: largest transaction Greece place Mykonos

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