The allure of Greece’s sun-soaked landscapes and rich cultural heritage is drawing record numbers of American buyers to its vacation home market. According to Elxis – At Home in Greece, a leading real estate firm specialising in Greek holiday homes, interest from U.S. buyers has surged dramatically following the recent U.S. elections.
Elxis reports a tenfold increase in website visits from American users in the two weeks following the elections, compared to the same period in 2023. In November alone, searches on the platform quadrupled over October, with property viewings and registrations climbing at a similar pace. Americans also emerged as the most active nationality on the company’s social media channels during the month.
Growing Interest Reflects Broader Trends
Elxis CEO Giorgos Gavrielidis highlighted the notable shift in 2024, stating, “Interest from U.S. buyers was already significantly higher this year compared to 2023, but the recent elections have rapidly accelerated this trend.” He added that Americans accounted for 12.3% of Elxis’s clients in 2024, a figure expected to grow further in 2025, potentially placing Americans as the third-largest customer group after Germans and Dutch buyers.
The appeal of Greek vacation homes is further heightened by the purchasing power of American buyers, who spend significantly more than the average. In 2024, while the average sale price of a property through Elxis stood at €378,500, American buyers invested an average of €514,000 per purchase.
The Role of Golden Visas
This surge in interest is not limited to vacation homes. Greece’s Golden Visa programme, which grants residency permits in exchange for property investments, has also witnessed a sharp increase in American participation. In October 2024, the Greek Ministry of Immigration and Asylum issued 369 Golden Visas to U.S. citizens, marking a 45.8% rise from October 2023.
Henley & Partners, an international firm specialising in investment migration, reported a 400% increase in inquiries from Americans in the week following the elections. While many buyers are not planning immediate relocations, owning property in Greece is seen as a strategic investment or a future option for a secondary residence.
Elxis’s Expertise in the Market
With over 30 years of experience in the Greek real estate sector, Elxis – At Home in Greece continues to cater to an international clientele from its offices in Thessaloniki, Crete, and Utrecht. Its team of legal and property experts ensures seamless transactions for buyers, with services offered in English, Dutch, and German.
As the demand for Greek vacation homes continues to grow, particularly from American buyers, the real estate market in Greece seems poised for sustained growth. From picturesque coastal retreats to vibrant cultural hubs, Greece offers unparalleled opportunities for both investment and leisure.
For more information, visit Elxis – At Home in Greece.
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