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Greece is experiencing a tourism boom, with visitors increasingly preferring rental accommodations

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The central bank has published the sector statistics for the first quarter of 2024.

What has happened

Greek tourism is experiencing a surge in foreign arrivals, showing a 24.5% increase in the first quarter of 2024 compared to the same period last year.

According to data from the Bank of Greece:

  • The number of foreign arrivals increased by nearly 25%.
  • Tourism revenue reached €942 million in the first quarter, which is 28.2% higher than in the same period in 2023.

Interesting Facts

  • A significant portion of this growth was driven by tourists opting for short-term rentals.
  • Domestic tourism accounted for a larger share of both arrivals and overnight stays in total accommodations, contributing 58.3% and 55.1%, respectively.
  • Companies active in the sector of accommodation reported a 13.4% turnover increase compared to last year in the first quarter of the year.
  • The largest contribution to the total turnover in accommodation was recorded on the island of Kos, while the lowest was in the Thessaloniki region.

All these figures indicate a robust recovery of Greek tourism after the COVID-19 pandemic.

Here are some options of properties you can purchase in Greece for renting out to tourists:
Flat for 315 000 euro in Athens, Greece
315 000 €
Flat in Athens, Greece
100 sq.m 4 3 1
Residence
Apartment for sale with an area of 100 sq.m in Athens. The apartment is located on the ground floor and consists of 3 bedrooms, a living room, one kitchen, one bathroom. The apartment has a corner location. The property is sold furnished. We offer for sale an apartment with an area of 100 square meters, a small studio, 75% of the land and air...
GREKODOM DEVELOPMENT A.E
Flat for 220 000 euro in Athens, Greece
220 000 €
Flat in Athens, Greece
110 sq.m 4 3 1
Apartment for sale with an area of 110 sq.m in Athens. The apartment is located on the fourth floor and consists of 3 bedrooms, a living room, one kitchen, one bathroom, one bathroom. The windows offer views of the city. The facility has air conditioning, heating. The property is sold furnished. There is an elevator in the building. The facility...
GREKODOM DEVELOPMENT A.E
Maisonette for 200 000 euro in Chalkidiki, Greece
200 000 €
Maisonette in Chalkidiki, Greece
80 sq.m 4 3 1
Townhouse for sale with an area of 80 sq.m on the Sithonia peninsula, Halkidiki region. The townhouse is located on 3 levels. The ground floor consists of one bedroom. The first floor consists of one bedroom, a living room with a kitchen, one shower room. The second floor consists of one bedroom. The windows offer views of the mountains, the...
GREKODOM DEVELOPMENT A.E
Apartment for 450 000 euro in Loutraki, Greece
450 000 €
Apartment in Loutraki, Greece
70 sq.m 3 2 2
Residence Online Viewing Remote Transaction
Modern construction of modern architecture and aesthetics in front of the sea. The building is with the new anti-seismic regulation. - Excellent apartment under construction, with a total area of ​​70 sqm with a panoramic sea and mountain view with the following specifications: - Living room - kitchen with dining area - 2 bedrooms - 2...
REAL ESTATE SIDERIS
Townhouse for 300 000 euro on Ionian Islands, Greece
300 000 €
Townhouse on Ionian Islands, Greece
190 sq.m 1
Residence
Unfinished maisonette of 190 sq.m. in Corfu for sale. The maisonette consists of 2 levels. The property has been built on a plot of 4500 sq.m. and there is a possibility to renew the building property is located in Sinarades area
Mercury Group
Flat for 80 000 euro in Pieria, Greece
80 000 €
Flat in Pieria, Greece
44 sq.m 2 1 1
Remote Transaction Rental property
Just in 200 meters from the beach for sale a furnished apartment of 44 m² located on the ground floor. It consists of 1 bedroom, living room with open plan kitchen, 1 bathroom and spacious verandas of 18 m². Also, there is: A/C unit, electric appliances, safety door. Renovation year: 2020.
El Greko
Maisonette for 90 000 euro in Corfu, Greece
90 000 €
Maisonette in Corfu, Greece
100 sq.m 4 2 1
An old house with a total area of 100 sq.m is for sale in the picturesque village of Almatades in the north of Corfu in the immediate vicinity of Paleokastritsa. The house consists of 2 floors. On the 1st floor there is a storage room. On the second floor there is a living room, a kitchen, 2 bedrooms and 1 bathroom. Attached to the house is a...
GREKODOM DEVELOPMENT A.E
Flat for 195 000 euro in Pieria, Greece
195 000 €
Flat in Pieria, Greece
105 sq.m 4 2 2
Apartment for sale with an area of 105 sq.m on the Olympic Riviera. The apartment is located on the second floor and consists of 2 bedrooms, 2 living rooms with a kitchen, 2 shower rooms. The windows offer a magnificent view of the sea. The facility has air conditioning, awnings, heating. The property is sold furnished. We offer 2 apartments...
GREKODOM DEVELOPMENT A.E
Flat for 320 000 euro in Athens, Greece
320 000 €
Flat in Athens, Greece
142 sq.m 5 4 1
Residence
Apartment for sale with an area of 142 sq.m in Athens. The apartment is located on the fourth floor and consists of 4 bedrooms, a living room, one kitchen, one bathroom, one bathroom. The windows offer a magnificent view of the sea, the mountains, the city. The facility has solar panels for water heating, heating. The property is sold furnished....
GREKODOM DEVELOPMENT A.E
Townhouse for 390 000 euro in Thessaloniki, Greece
390 000 €
Townhouse in Thessaloniki, Greece
120 sq.m 3 2 1
Residence
For sale under construction maisonette of 120rs in the suburbs of Thessaloniki. The maisonette has 2 levels. The ground floor consists of living room with kitchen, one kitchen, one WC. The first floor consists of 2 bedrooms, one shower WC. A view of the forest opens up from the windows. There is a fireplace, air conditioning, heating and a...
Mercury Group
Flat for 220 000 euro in Athens, Greece
220 000 €
Flat in Athens, Greece
82 sq.m 3 2 1
An apartment of 82 sq.m is for sale in Athens. The apartment is located on the fourth floor and consists of 2 bedrooms, a living room, one kitchen, one bathroom. The windows offer a magnificent view of the city. The facility has solar panels for heating water, air conditioning, awnings, heating. There is no elevator in the building. The...
GREKODOM DEVELOPMENT A.E
Flat for 178 000 euro in Thessaloniki, Greece
178 000 €
Flat in Thessaloniki, Greece
76 sq.m 3 2 1
Apartment for sale with an area of 76 sq.m in the suburbs of Thessaloniki. The apartment is located on the second floor and consists of 2 bedrooms, a living room with a kitchen, one shower room. The facility has air conditioning, heating. The facility has an alarm system installed.
GREKODOM DEVELOPMENT A.E
Flat for 300 000 euro in Thessaloniki, Greece
300 000 €
Flat in Thessaloniki, Greece
105 sq.m 2 1 1
Residence Remote Transaction Rental property
For sale a bright apartment of 105 m² on the fourth floor. The property is located in a well-kept building of 1983 and was renovated in 2019. The apartment is furnished and equipped with electric appliances and consists of: * spacious studio with a single room with sleeping area and kitchen, 1 bathroom and veranda. * apartment with 1...
El Greko
Townhouse for 450 000 euro in Pieria, Greece
450 000 €
Townhouse in Pieria, Greece
280 sq.m 6
Residence
For sale maisonette of 280rs on the Olympic Coast. The maisonette has one level. The owners will be leaving the furniture with the sale.
Mercury Group
Maisonette for 375 000 euro in Analipsi, Greece
375 000 €
Maisonette in Analipsi, Greece
193 sq.m 5 4 2
Residence
Offered for sale: Modern semi-detached mezzanine in the municipality of Hersonissos, Heraklion, Crete.The house is located in a peaceful traditional village within walking distance to all necessary amenities. This three-storey house with four bedrooms, two bathrooms and a toilet with an area of 193 square meters on a plot of 150 square meters is...
GREKODOM DEVELOPMENT A.E
Flat for 110 000 euro in Chalkidiki, Greece
110 000 €
Flat in Chalkidiki, Greece
44 sq.m 2 1 1
An apartment of 44 sq.m is for sale in Halkidiki under construction. The apartment is located on the second floor and consists of one bedroom, a living room with a kitchen, one shower room. The facility has solar panels for water heating, heating. There is an elevator in the building. The property includes a parking space.
GREKODOM DEVELOPMENT A.E
Flat for 380 000 euro in Athens, Greece
380 000 €
Flat in Athens, Greece
105 sq.m 4 3 1
Residence
For sale apartment of 105rs in Athens. The apartment is situated on the 1st floor. It consists of 3 bedrooms, living room with kitchen, one shower WC, one WC. Flat has front layout. There is air conditioning, awnings and heating. Building has an elevator. Extras included with the property: parking space. The apartment is located in the Piraeus area
Mercury Group
Townhouse for 420 000 euro in Thessaloniki, Greece
420 000 €
Townhouse in Thessaloniki, Greece
160 sq.m 1
Residence Online Viewing Remote Transaction
Maisonette in a complex in Pylaia with an unlimited view. It consists of 3 floors. On the first(elevated ground floor) there is the central entrance with the kitchen, living room, dining room, wc and storage. On the second there are 3 comfortable bedrooms with wardrobes and a bathroom. On the ground floor there are the second living room-office...
GREECE INVEST
Townhouse for 210 000 euro in Chalkidiki, Greece
210 000 €
Townhouse in Chalkidiki, Greece
100 sq.m 4 3
Online Viewing Remote Transaction
This new townhouse complex, located near the picturesque Agios Nikolaos on the Sithonia Peninsula, represents a unique offering in the real estate market. Currently under construction, this complex provides prospective buyers with the opportunity to acquire high-quality real estate in one of the most attractive regions of Greece. The first...
GREECE INVEST
Townhouse for 350 000 euro in Chalkidiki, Greece
350 000 €
Townhouse in Chalkidiki, Greece
80 sq.m 3 2
Residence Online Viewing Remote Transaction
GREECE INVEST

Source: Ekathimerini

Photo by Nikolaos Anastasopoulos on Unsplash

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Tags: Greece, Market Analysis, Investment, Rent, Real Estate

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