Tornos News | COVID-19 motivates foreigners to purchase Greek vacation homes cheap


Having your own home is one way to avoid the risks of COVID-19 from staying in hotels and short-term rentals like Airbnb, and foreigners who can afford it are turning to look at buying vacation homes in Greece on the cheap.

While Greece’s hopes to lure tourists by touting the country’s relatively successful rate in holding down the number of cases and deaths have so far been dashed with lower-than-expected bookings, people still afraid to fly or drive to another country for summer vacation, interest by foreigners in buying homes is soaring.

In a feature, the German public news broadcaster and site Deutsche Welle (DW) noted the overnight trend developing as Greece lifted its lockdown, although the government moved to reconsider after tourists brought infections with their luggage.

Greece is one of the safest places during the time of COVID-19 that is still raging in the United States and other parts of the world, an incentive indeed to visit and vacation.

But people with means want to take it a step further by owning, not renting or using hotels.

Curiously, the hunt for safe retreats now has created, the site said, one of the biggest buyer’s markets in Greece in a decade, before the onset of an economic and austerity crisis that saw the property and home values plummet, leading to speculative buying from rich foreigners and companies.

It’s being sparked primarily by the Hellenophile British, who’ve long had a love affair with Greece but were barred from coming until July 15 on direct flights because the United Kingdom, like the US, has seen COVID-19 out of control after Prime Minister Boris Johnson-like US President Donald Trump – favored the economy over life.

British demand for Greek properties has jumped 200 percent in only a few weeks, real estate agents told the site, with data from Britain’s biggest property marketplace, Rightmove, showing Greece the hottest search destination in Europe, along with Spain, France, Portugal, and Italy. 

There were more than a million online inquiries recorded on the day the UK government announced its new travel orders in late June, about the same time that the British film The Trip to Greece was released, a giant free ad for the country.         

Piers Williams of the British property firm Chestertons Ionian told the site that Greece “is really bouncing back … It has been over a decade since we had such activity,” the country reaping the benefits for an early lockdown that made it safer than most.

That hasn’t yet translated into sales because looking at property online from your home is one thing and going there to buy it is quite another, of course, and many British are said to still be reluctant to go anywhere with the virus still around.

The British and others have competition as Germans are said to be eyeing buying Greek properties too, said DW, along with house hunters from…



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