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
hessaloniki 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:
Average residential purchase price around €2,100 /m²; high‑end projects can hit €10,000 /m²
Golden Visa funding:
Over the last decade, the Golden Visa program injected about €5.54 billion into the market.
Golden Visa thresholds:
Minimum investment remains €250 k in many areas but has risen to €500 k–€800 k in central Athens, Thessaloniki, Mykonos and Santorini.
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 7,500–12,000, 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
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:
Nam pretium turpis et arcu. Vivamus elementum semper nisi. Donec mi odio,District prices have grown 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)
