The rise in individual European housing markets across Europe in 2024, as indicated by Eurostat data, favours the Greek holiday home market.

This is because the Greek market, even though it experienced a significant rise in prices, which reached 9% based on asking prices in advertisements nationwide (source: www.spitogatos.gr), nevertheless, remains cheap for prospective European buyers if its prices are compared with those of other European markets, which also returned to a positive upward trajectory in 2024.

Moreover, as in Greece, there is a shortage of housing stock in other European countries with an imbalance in the supply-demand balance.

Indicatively, based on the relevant data, in Germany, new building permits for housing fell in 2023 to the lowest level since 2010, while estimates for 2024 point to an additional 45% decline.

According to an analysis by Elxis – At Home in Greece, a company active in the purchase and management of holiday homes in Greece and based in Utrecht, the Netherlands, the comparison between the Greek holiday home market and some of the main European markets of origin of property buyers in Greece, such as Germany, the Netherlands and Belgium remains in favour of the Greek market.