Housing Prices in Greece – REALTING Analytics

Housing prices in Greece continue to rise: over the past 10 years, they have increased by 70-85%. Let’s take a look at how the Greek real estate market performed in 2025, how the volume of foreign investment in property has changed, and we’ll also present current residential property prices in the country based on data from REALTING.

Housing prices continue to rise

Since 2017–2018, the Greek residential real estate market has shown a steady upward trend in prices. According to data from the Bank of Greece, the peak growth in residential property prices occurred in 2022 and 2023, with annual increases of +12.4% and +14.2% respectively.

In 2025, housing prices in Greece also continued to rise, although the growth rate slowed compared to previous periods. By the end of 2025, housing prices in the country increased by 7.5%, while in 2024 the growth was 8.8%. It can be stated with confidence that the current level of housing prices in the country has exceeded the pre-crisis levels of 2008 (Greece experienced a severe economic crisis from 2009 to 2018). Today, residential real estate prices in Greece are on average 6.4% higher than they were in 2008.

In the country’s major cities — Athens and Thessaloniki — housing prices rose by 6.2% and 9.6% respectively over the year. In Athens, prices have increased by 12.1% compared to 2008, while over the past 10 years the growth has reached 95.5%. In Thessaloniki, prices are 5.4% above the 2008 level, with a 10-year increase of 86.7%.

In other cities across Greece (excluding Athens and Thessaloniki), housing prices rose by 9.8% in 2025 compared to 2024. When compared to 2008 levels, prices have increased by just 1.2%.

The Bank of Greece also provides data on how apartment prices have changed depending on their age:

• The annual growth rate of the apartment price index for Q4 2025 stood at +7.59%.
• Prices for new apartments (up to 5 years old) rose by 7.44% over the year.
• Prices for older apartments (over 5 years old) increased by 7.79%.

Decline in foreign investment in real estate

2024 became a record year for the volume of net foreign direct investment in Greek real estate. Foreign investment inflows into the country reached €2,750.30 million, according to data from the Bank of Greece. One of the main drivers behind the strong attraction of foreign capital was the «Golden Visa» program. However, in 2024 a number of significant changes were introduced to this program.

The changes included the following:

• Raising the minimum investment threshold in real estate from 250,000 EUR (the single nationwide threshold) to 400,000 EUR. In Athens, Thessaloniki, and a number of other popular locations, the minimum threshold increased to as much as 800,000 EUR.
• A ban on short-term rentals of properties acquired through the «Golden Visa» program.
• Stricter requirements for the real estate object qualifying as an investment.

These changes led to a noticeable decline in foreign capital inflows into Greek real estate in 2025. The volume of foreign direct investment for the full year 2025 amounted to 2055.63 млн EUR, which is 25.3% lower than in 2024 and 3.6% lower than in 2023.

Speaking of the structure of foreign investment in Greek real estate, in 2025 it was as follows:

• 2.4% of the total foreign investment volume came from residents of European Union countries, excluding eurozone countries.
• 38.2% of all investments were from residents of eurozone countries (their share has been growing for the third consecutive year).
• The remaining 59.4% came from residents of other countries.

Below is a chart showing the TOP countries by the largest volume of foreign direct investment in Greek real estate.

Housing Prices in Greece – REALTING Analytics

As of March 2026, the REALTING platform lists more than 12,500 residential real estate properties for sale in Greece. Based on this data, REALTING has analyzed the prices listed in the advertisements across various regions of the country. Below are tables showing the price ranges and average price levels for housing.

Homes

Apartments