Overview
# High demand from foreign nationals for luxury properties in Corfu
The island of Corfu has long been a popular destination for those seeking to own a piece of paradise, and this year is no exception. The demand for luxury properties in Corfu is continuing to rise, with foreign nationals willing to pay top dollar to acquire their dream villa or plot of land. This trend is being driven by the island's enduring charm and natural beauty, which makes it an attractive location for those seeking luxury properties in Corfu.
## Overview
The real estate market in Corfu is experiencing a significant shift, with two distinct trends emerging. On the one hand, there is a surge in demand from high-end clients who are eager to invest in luxury properties in Corfu. These wealthy buyers are willing to pay premium prices to secure their dream home or plot of land, and are driving up demand for luxury properties in Corfu. On the other hand, there is a noticeable decline in interest from middle-class clients, who are being priced out of the market.
According to Mr. Kostas Taralas, CEO of Greek Exclusive Properties, last year was the best year in the last decade for the company, with a significant increase in high-end clients seeking luxury residences and seaside plots. This year, the trend is continuing, with a 20-30% increase in demand from wealthy buyers. However, this is being offset by a 60% decrease in interest from smaller clients who are looking for more affordable options.
## Market Trends
The demand for luxury properties in Corfu is being driven by the island's unique charm and natural beauty. The island's stunning beaches, picturesque villages, and rich history make it an attractive location for those seeking a luxury lifestyle. The real estate market in Corfu is reflecting this trend, with a significant increase in demand for high-end properties and a decline in interest for more affordable options.
The Athens Riviera has also recorded a significant increase in demand, surpassing traditionally popular destinations such as Mykonos. The centre of Athens has also risen to 4th position, indicating a growing attraction to urban luxury living in the Greek capital. This shift in demand is being driven by the desire for luxury properties in Corfu and other prime locations, and is expected to continue in the coming years.
## Conclusion
The demand for
luxury properties in Corfu is continuing to rise, driven by the island's enduring charm and natural beauty. Foreign nationals are willing to pay top dollar to acquire their dream villa or plot of land, and are driving up demand for luxury properties in Corfu. While there is a decline in interest from middle-class clients, the demand from high-end buyers is expected to continue, making Corfu one of the most popular destinations for luxury properties in Greece. As the real estate market in Corfu continues to evolve, it is clear that the island will remain a prime location for those seeking luxury properties in Corfu.