Greece property market

Properties in Central Athens and the southern suburbs are top choices for foreign investors through Greece's golden visa scheme.

Non-compliance carries severe penalties, with violators faced with a fine equal to 10% of the unverified transaction amount.

Golden Visa applications in Oct. 2024 were up by 12% compared to the same month of 2023 – 12,577 to 11,229 - despite higher minimum investment set by Greek government this year

Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.

More than 6,200 legal entities and individuals in Greece have declared more than three properties offered up for short-term leasing

According to Eurostat despite the high rental prices in Greece, they are still far below the peak levels recorded in 2010.

The scale of residential developments varies depending on the area. Different needs and infrastructures exist in regional cities, Thessaloniki, Patras, Heraklion, and each municipality in Athens.