50 Key Market Insights.

Greece Real‑Estate Statistics
2026 Forecast

Real Estate in Greece is changing.

Discover everything you need to know about Greece’s real‑estate market and the 2026 outlook. BUY GREECE LLC — headquartered in Chicago and Athens — combines deep local insight with an understanding of Greek property laws. We offer honest, respectful real‑estate services, development and consulting to help you make confident investment decisions.

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Statistics You Need to Know in 2026

50 Key Facts & Forecasts

Urban‑area price growth.

The Bank of Greece’s Index of Prices of Dwellings in Urban Areas rose 6.19 % year‑on‑year in Q1 2025 (3.53 % in real terms)

2024 price growth.

Average residential property prices climbed 8.60 % in 2024 (5.44 % after inflation)

Regional leader:

Thessaloniki posted the strongest Q1 2025 growth, with residential values up 10 % y/y.

Athens growth:

Athens values increased 5.47 % y/y in Q1 2025.

Other urban areas:

Urban markets outside Athens/Thessaloniki saw 7.31 % price growth in Q1 2025.

National asking prices:

Spitogatos reports national average asking prices rose 8.8 % y/y in Q1 2025

Athens South:

Asking prices reached €4,000 /m² (up 9.17 % y/y)

Athens North:

Asking price €3,222 /m² (a 7.40 % increase)

Thessaloniki Municipality:

Average asking price €2,558 /m² (up 12.54 % y/y)

Athens Center:

Average asking price €2,317 /m²; annual change +11.77 %.

Athens West:

€2,055 /m² with 9.31 % growth.

Athens East:

€2,281 /m²; 9.51 % growth.

Piraeus:

€2,500 /m²; 7.16 % growth

Rest of Attica:

€2,000 /m²; 5.88 % growth

Thessaloniki suburbs:

€1,815 /m²; 10.20 % growth

Thessaloniki remainder:

€964 /m²; 15.31 % growth.

Price forecast:

European Banking Authority projects 4.4 % price growth in 2025. average annual growth during 2025‑27 expected to stay below 3.4 %.

Attica boom:

Property prices in Attica climbed 71.1 % from 2017‑2023

Nationwide boom:

National property prices rose 53.8 % between 2017‑23

2024 moderation:

Apartment prices in major cities increased by < 11 % in 2024.

Long‑term forecast:

Analysts expect ≈ 3 % annual price growth from 2025‑2030.

Market size projection:

The real‑estate sector is expected to expand at 3.53 % annually (2024‑29), reaching a $1.82 trillion market by 2029.

Investment pipeline:

Greece plans €45 billion in investments by 2030 (≈ €40 billion for new construction adding 350,000 units, plus €5 billion for upgrades).

Glyfada pricing:

Asking prices run ≈€3,500–€10,000+/m² by micro-district — golf and seafront at the top, with The Ellinikon repricing the border zone

Golden Visa funding:

Over the last decade, the Golden Visa program injected about €5.54 billion into the market.

Golden Visa thresholds:

Under Law 5100/2024 (effective Sept 2024): €800,000 in Attica, Thessaloniki, Mykonos, Santorini and islands with 3,100+ residents; €400,000 in the rest of Greece; €250,000 for listed-building restorations and commercial conversions

FDI drop:

Foreign direct investment in real estate fell 17.8 % in H1 2025 (from €1.142 bn to €0.938 bn).

Apartment price growth (Q2 2025):

Annual apartment price increase reached 7.3 %, driven by construction‑cost inflation and supply shortages.

Nationwide average price:

€2,561 /m² average for residential properties.

Regional price range (€/m²):

Athens 4,500–8,000 · Thessaloniki 2,300–3,000 · Mykonos 7,500–18,000 (trophy sales above €20M) · Santorini 4,500–7,500 · Naxos 3,700–4,800 · Syros up to 2,500 · Corfu 3,400–8,000 · Lefkada 2,500–6,500

Average house price:

Detached houses (≤ 150 m²) average €350,000

Chalkidiki range:

Prices start at ~€2,000 /m² in normal locations and exceed €10,000 /m² in top beachfront spots

Andros (Cyclades):

Detached houses cost €2,300–3,100 /m²

GDP growth forecasts:

Greece’s GDP is projected to expand 2.1 % in 2025 and 2.3 % in 2026

Unemployment decline:

The unemployment rate has fallen from 27.9 % (crisis peak) to 9.8 % by Oct 2024, boosting domestic purchasing power

Tourism revenue:

Tourism revenue reached €20.5 billion in 2023, 12.3 % higher than pre‑pandemic levels

Record FDI (2023):

Foreign investment in real estate hit €3 billion in 2023, up 8 % y/y

Coastline premium:

Properties within 500 m of Athens’ coastline command a 27.8 % price premium over inland equivalents

Athens Riviera appreciation:

The local postal code around an Athens Riviera restoration has posted 11.3 % average annual price gains since 202

Restoration ROI:

Comparable restorations have appreciated 32.7 % from pre‑construction purchase to delivery.

Rental yield (Athens Riviera):

Expected 5.1–5.8 %

Agios Dimitrios growth:

District prices have grown 8.1 % per year since 2021, a cumulative 31.2 % rise — among the top 3 fastest-appreciating southern Athens districts.8.1 % per year since 2021, a cumulative 31.2 % risefaucibus at, scelerisque quis, convallis in, nisi.

Agios Dimitrios building permits:

Number of permits issued has risen 43 % since 2019

Zakynthos tourism:

Zakynthos welcomed 872,000 international visitors in 2023, a 93 % recovery to pre‑pandemic tourism levels

Zakynthos rental yields:

Comparable villa rentals earn €175/day (low season), €320/day (shoulder) and €465/day (high); occupancy around 87.3 % and gross yields ≈ 6.8 %

Island markets:

Islands with international airports (Rhodes, Crete, Corfu, Zakynthos) have averaged 11.3 % annual price growth since 2021

Emerging mainland markets:

Kalamata, Nafplio and the broader Peloponnese region recorded 15–20 % price growth since 2020, as buyers look beyond saturated islands

Peristeri gains:

Property values in Peristeri increased 42.3 % after the metro extension (since 2021); price per square metre rose from €1,350 (2020) to €2,245 (early 2024)

American buyer demand:

Short-term rental rules outrank the Golden Visa as the #1 topic Americans research before buying — ranked from ≈295,000 quarterly search impressions on the BUY GREECE platform (Greek Property Monitor, Q3 2026)

US buyer budgets:

The average enquiry budget of American buyers via BUY GREECE is €980,000 (Greek Property Monitor, Q3 2026)
Answers from the data

Greek property market: the questions behind the numbers

Every answer below is drawn from the statistics on this page. Figures are indicative and dated; confirm current levels before committing capital.

What is the average asking price per square metre in Athens Center in 2025?

The average asking price in Athens Center reached €2,317/m² in Q1 2025, an annual change of +11.77% year over year. Source: BuyGreece market tracking based on Spitogatos and Global Property Guide data.

How much did property prices grow in Thessaloniki in 2025?

Thessaloniki posted the strongest Q1 2025 growth in Greece, with residential values up roughly 10% year over year. The Thessaloniki Municipality average reached €2,558/m² (+12.54% y/y), suburbs €1,815/m² (+10.20%), and the remainder €964/m² (+15.31%).

What are the Greek Golden Visa investment thresholds under Law 5100/2024?

Under Law 5100/2024 (effective September 2024), the minimum real-estate investment for a Greek Golden Visa is €800,000 in Attica, Thessaloniki, Mykonos, Santorini and islands with population over 3,100; €400,000 in the rest of Greece; and €250,000 for restorations of listed buildings or conversions of commercial property to residential.

How much money has the Greek Golden Visa program brought into real estate?

Over the last decade, the Greek Golden Visa program injected approximately €5.54 billion into the country's real-estate market.

What is the average asking price in Athens South?

Average asking prices in Athens South reached €4,000/m² in Q1 2025, up 9.17% year over year.

What is the average asking price in Athens North?

Average asking prices in Athens North reached €3,222/m² in Q1 2025, a 7.40% annual increase.

What is the average asking price in Piraeus in 2025?

Average asking price in Piraeus was €2,500/m² in Q1 2025, with 7.16% annual growth.

How fast did Athens property prices grow in 2025?

Athens residential values increased 5.47% year over year in Q1 2025. Within the city, Athens Center grew +11.77%, South +9.17%, East +9.51%, West +9.31%, and North +7.40%.

What is the average price per square metre in Glyfada?

Asking prices in Glyfada run approximately €3,500–€10,000+/m² depending on micro-district, with the golf and seafront districts at the top of the range and The Ellinikon repricing the border zone.

What are property prices in Mykonos and Santorini?

Mykonos averages €7,500–18,000/m² with trophy sales above €20M, and Santorini €4,500–7,500/m². These two islands carry the highest Greek Golden Visa investment threshold of €800,000.

What is the price range per square metre across Greek regions?

Approximate 2025 price ranges per square metre: Athens €4,500–8,000; Thessaloniki €2,300–3,000; Mykonos €7,500–18,000; Santorini €4,500–7,500; Naxos €3,700–4,800; Syros up to €2,500; Corfu €3,400–8,000; Lefkada €2,500–6,500.

What is the average price of a house in Greece?

Detached houses up to 150 m² in Greece average approximately €350,000. The nationwide average asking price for residential properties is €2,561/m².

How much did Greek property prices rise from 2017 to 2023?

National property prices in Greece rose 53.8% between 2017 and 2023. In the Attica region (Athens metropolitan area), prices climbed 71.1% over the same period.

What is the price growth forecast for Greek real estate 2025-2030?

The European Banking Authority projects 4.4% price growth in 2025, with average annual growth during 2025–27 expected to stay below 3.4%. Analysts expect approximately 3% annual price growth from 2025 through 2030. The Greek real-estate sector is forecast to expand at 3.53% annually (2024–29), reaching a $1.82 trillion market by 2029.

How much is being invested in Greek real estate by 2030?

Greece plans approximately €45 billion in real-estate investments by 2030: roughly €40 billion for new construction (adding 350,000 housing units) and €5 billion for upgrades to existing stock.

What is the price premium for coastal Athens property?

Properties within 500 metres of the Athens coastline command a 27.8% price premium over inland equivalents. The Athens Riviera has posted average annual price gains of 11.3% since 2021.

What rental yields can investors expect in the Athens Riviera?

Expected gross rental yields in the Athens Riviera are 5.1–5.8% annually.

What is the price growth in Agios Dimitrios, Athens?

District prices in Agios Dimitrios have grown 8.1% per year since 2021, a cumulative 31.2% rise, making it one of the top 3 fastest-appreciating southern Athens districts. Building permits issued have risen 43% since 2019.

How much did property values rise in Peristeri after the metro extension?

Property values in Peristeri increased 42.3% after the Athens metro extension (since 2021). Price per square metre rose from €1,350 in 2020 to €2,245 in early 2024.

What are property prices in Chalkidiki?

Property prices in Chalkidiki start at approximately €2,000/m² in standard locations and exceed €10,000/m² in top beachfront spots.

What are property prices on Andros island?

Detached houses on Andros (Cyclades) cost approximately €2,300–3,100/m².

How much price growth have emerging Greek markets seen?

Kalamata, Nafplio and the broader Peloponnese region recorded 15–20% price growth since 2020, as buyers look beyond saturated island markets. Greek islands with international airports (Rhodes, Crete, Corfu, Zakynthos) have averaged 11.3% annual price growth since 2021.

What rental yields can investors expect on Zakynthos?

Comparable villa rentals on Zakynthos earn €175/day in low season, €320/day in shoulder season, and €465/day in high season. Occupancy is approximately 87.3% and gross yields run around 6.8%. Zakynthos welcomed 872,000 international visitors in 2023 (a 93% recovery to pre-pandemic levels).

How is the Greek economy supporting real-estate demand?

Greece's GDP is projected to expand 2.1% in 2025 and 2.3% in 2026. The unemployment rate has fallen from a crisis peak of 27.9% to 9.8% by October 2024, boosting domestic purchasing power. Tourism revenue reached €20.5 billion in 2023, 12.3% higher than pre-pandemic levels.

How much foreign direct investment goes into Greek real estate?

Foreign investment in Greek real estate hit a record €3 billion in 2023, up 8% year over year. However, FDI in real estate fell 17.8% in H1 2025 (from €1.142 bn to €0.938 bn) as Golden Visa thresholds rose under Law 5100/2024.

How much did Greek apartment prices grow in 2024 and 2025?

Apartment prices in major Greek cities increased by less than 11% in 2024. Annual apartment price growth in Q2 2025 reached 7.3%, driven by construction-cost inflation and supply shortages.

What restoration ROI is possible in the Athens Riviera?

Comparable Athens Riviera restorations have appreciated 32.7% from pre-construction purchase to delivery.

What was the strongest growth segment in the Greek market in Q1 2025?

Thessaloniki led with about 10% y/y growth. Urban markets outside Athens and Thessaloniki saw 7.31% price growth. Spitogatos reported national average asking prices rose 8.8% y/y in Q1 2025.

Modern kitchen with beige stone island, wooden cabinetry, illuminated open shelves, and beige stools lined up along the island.

Sources:

https://www.globalpropertyguide.com/europe/greece/price-history · BUY GREECE Greek Property Monitor (quarterly dataset, Q3 2026)
https://greekcitytimes.com/2025/03/13/greece-rises-to-top-10-globally-for-luxury-real-estate-investment/
https://www.buygreece.us/blog/greece-real-estate-2025-trends-hotspots-and-investment-opportunities
https://ntltrust.com/news/second-residency/the-ultimate-guide-to-greece-europes-best-value-property-market
https://greekreporter.com/2025/10/03/huge-drop-foreign-investment-greek-real-estate-market/
https://www.engelvoelkers.com/de/en/resources/property-prices-greece
https://investropa.com/blogs/news/greece-real-estate-market
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