Greece Real Estate 2025: Trends, Hotspots, and Investment Opportunities.

Greece's real estate market is poised for continued growth in 2025, building on a seven-year trend of rising property prices. However, experts anticipate a more moderate pace compared to previous years. (

Market Growth and Investment

The Greek real estate sector is projected to expand at an annual growth rate of 3.53% from 2024 to 2029, reaching a market volume of approximately $1.82 trillion by 2029.

This growth is supported by significant investments, including an anticipated €45 billion by 2030, aimed at addressing housing deficits and enhancing property quality. Of this, €40 billion is allocated for new home construction, potentially adding 350,000 units to the market, while €5 billion is designated for upgrading existing properties.

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Price Trends

Property prices have been on an upward trajectory, with a 71.1% increase in Attica and a 53.8% rise nationwide from 2017 to 2023. In 2024, the growth rate has moderated, with apartment prices in major cities increasing by less than 11%.

Looking ahead, forecasts suggest a steady annual price increase of around 3% from 2025 to 2030, indicating a balanced and sustainable growth trajectory.

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Regional Highlights: The Ellinikon, Glyfada, and Vouliagmeni

The southern suburbs of Athens, particularly areas like The Ellinikon, Glyfada, and Vouliagmeni, are experiencing heightened demand, especially for luxury properties. The Ellinikon project, Europe's largest urban redevelopment, is a significant driver of this trend. The project includes residential, commercial, and leisure spaces, with all units in the coastal front's first phase already sold out. Notably, around 40% of buyers are from international markets, reflecting strong foreign interest.

In Glyfada, recent investments include the acquisition of land plots across the Glyfada Golf Club, with plans for residential, office, and educational developments. The average purchase price for residential developments is approximately €2,100 per buildable square meter. But high value properties can reach prices to 10.000 euros per sq.m.

Vouliagmeni continues to attract high-net-worth individuals seeking luxury living environments, contributing to the area's robust real estate market.

Foreign Investment and the Golden Visa Program

Foreign investment remains a key component of Greece's real estate market. The Golden Visa program, offering residency permits to non-EU investors purchasing property worth at least €250,000 (The minimum investment amount for golden visa applicants in certain areas of Greece is €800,000), has attracted significant international interest. Over the past decade, this program has injected approximately €5.54 billion into the market, leading to noticeable increases in property prices in popular areas.

Conclusion

Greece's real estate market in 2025 is expected to maintain its growth trajectory, albeit at a more moderate pace. Areas such as The Ellinikon, Glyfada, and Vouliagmeni are set to remain focal points for both domestic and international investors, driven by large-scale developments and sustained demand for luxury properties. With continued foreign investment and strategic urban projects, Greece offers a promising landscape for real estate opportunities in the coming years.

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Data from:

https://www.ft.com/content/d80874a7-0b5f-4ab4-b888-7a77690b737d?utm_source=chatgpt.com

Ot.gr

eSales International

Info Balkans

The Luxury Playbook

Investropa

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