Best Luxury Real Estate Listings in Santorini, Greece
Buying the best luxury real estate listings via an estate agent or directly from the owner in Santorini Greece is a matter of perspective on what the purchaser or investor perceives as 'luxury'. The desired objective though can be possible with the right strategy.
Santorini, located in the southern Aegean Sea, is probably the if not one of the most famous islands in Greece. Situated about 200 km (120 miles) southeast of mainland Greece, Santorini has always been among the world’s top travel destinations.
One things that stands out is that due to limited land availability on the island, buying luxury properties in Santorini, or investing in luxury real estate is highly sought after by private buyers and investors.
"The best luxury real estate" in luxury market doesn't always mean a low or high price, as a 'luxury property' is related to the expectations of the buyer or investor.
A $1M home might be "cheap" compared to others at $2M that are located in Santorini Greece, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
In emerging luxury markets luxury could be listed as undervalued in relation to future expectations, for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas, especially when looking at Santorini Greece real estate listings by owner which can be cheaper than via an agent often see strong appreciation when the market recovers or the area gentrifies.
Economic or political fluctuations can temporarily depress prices, allowing investors to acquire premium assets at a cheaper rate.
If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.
Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.
Real Estate Agents and Property Developers in Santorini, Greece
