More than 50% of the properties sold in Halkidiki prefecture are in the hands of foreigners, with Bulgarians ranking first on the list of buyers, followed by Serbians, Romanians, Greeks and Israelis, while German buyers are mainly retirees interested for the purchase of a small country house, low budget.

This was pointed out by the co-owner of Halkidiki Properties, Giorgos Tsigaras, presenting today during a press conference, the company “Rewise”, of which he is the managing director and operates the first fully digital network of brokers in Greece.

As he explained, among the foreign buyers of real estate in Halkidiki, the Bulgarians are the ones who spend the highest amounts, while on the contrary, the Israelis come as investors of cheap properties, with the aim of upgrading them and reselling them at a higher price. At the same time, they are also looking at hotel units for sale, as long as it is an opportunity.

“Israeli investors have a basic peculiarity compared to other investors in the region of Halkidiki, since they are looking for properties at low prices, while the Greek market is constantly recording an increase in prices“, explained.

However, the interest of foreign investors in the region of Halkidiki is mainly focused on residential projects and existing hotel infrastructure, while 10% to 15% of requests concern the purchase of a plot of land.

As far as the interest of the Serbs is concerned, Mr. Tsigaras emphasized that they mainly seek to buy small houses with the amounts available ranging from 60,000 to 70,000 euros, while buyers from North Macedonia are moving accordingly.

Bulgarian and Romanian investors, as he pointed out, 60% to 70% of them are looking for homes up to 150,000 euros, 12% to 15% are looking for homes of one million euros, while the remaining percentage intends to spend up to 500,000 euros. “However, there are also cases where their requests do not have a monetary… ceiling”, as he characteristically noted.

For the tourist infrastructures, of which according to Mr. Tsigaras there are dozens of those for sale, the interest of foreign investors focuses mainly on existing hotel complexes, for which reconstruction will be necessary, but without long-term delays.

Halkidiki Properties, created in 2007, has in its portfolio 2,500 properties of all kinds, has an international clientele, spearheaded by the Balkans, who make up the lion’s share of interested parties, while the company also has offices in Sofia, Bulgaria.