Greek real estate market

In 2007, the Trump Organization explored the possibility of constructing a skyscraper complex and casino at the former Ellinikon Airport site in Athens.

The development will feature 408 fully furnished apartments ranging from 44 to 69 square meters, including open-plan studios and one- or two-bedroom apartments.

Turkish investors follow the Chinese with 1,471 permits, a trend largely attributed to economic instability and political tensions in their country, pushing many to seek alternatives in Greece’s real estate market.

The rising demand for properties in Athens’ southern suburbs continues to push prices upward. In 2024, real estate values in the area rose by approximately 7.9%, with forecasts predicting a more moderate 3% increase in 2025.

Official data from Greece’s statistical authority, ELSTAT reaffirms a surge in foreign buyers’ interest in newly built, energy-efficient holiday homes and properties, as construction activity in the housing market saw a sharp rise in 2024. In recent years, there has been a notable shift among residential property developers toward the holiday home market in Crete. […]

Greece’s appeal is driven by its competitive pricing compared to other luxury markets, such as the French and Italian Rivieras.

Particular emphasis will be placed on conducting studies, research, and processing data and information related to short-term rentals and their implications.

Greece is set to launch an application that records real-time data on sale prices of properties, anticipating that an increase in transparency, will eventually lead to a drop in the currently inflated prices of the real estate market. The app which is under development is expected to be fully operational by the summer of 2025. […]

Data presented by the platform also shows higher prices in first 3 quarters of 2024

For apartments in major cities, price increases have so far remained below 11%, with even smaller gains for properties overall.