During a press conference, Giorgos Tsigaras, the co-owner of Halkidiki Properties and CEO of Rewise, presented the first fully digital network of brokers in Greece.
He pointed out that foreign buyers of real estate in Halkidiki have different spending patterns. Bulgarians spent the highest amounts, while Israelis are interested in cheap properties, which they plan to upgrade and resell at a higher price.
However, they are also interested in buying hotel units if they find a good opportunity.
Mr. Tsigaras explained that Israeli investors are unique in their preference for low-priced properties, whereas the Greek market is seeing a constant increase in prices.
Most foreign investors are interested in residential projects and existing hotel infrastructure, with 10% to 15% of requests being for the purchase of land. Regarding the interest of Serbs, Mr. Tsigaras emphasized that they mainly seek small houses with a budget ranging from €60,000 to €70,000.
Buyers from North Macedonia also have similar preferences. On the other hand, Bulgarian and Romanian investors are looking for homes up to €150,000, with 60% to 70% of them seeking such properties. 12% to 15% are looking for homes costing €1 million, while the remaining percentage is willing to spend up to €500,000.
However, Mr. Tsigaras also noted that some buyers have no monetary ceiling for their demands.
The interest of foreign investors in tourist infrastructures is mainly focused on existing hotel complexes that need reconstruction, but without long-term delays. According to Mr. Tsigaras, dozens of such structures are currently available for sale.
