03 October, 2025

Reading Time: 1 min

3 key trends in Greece’s property market: what investors should know

Annual property price growth in Greece slowed to 7.3% in the second quarter of 2025. This is the lowest figure in the past 3 years. After a period of rapid price increases, the market has entered a more stable phase.

Immigrant Invest’s legal experts have analysed the latest data and outlined what investors can expect.

Author • Elena Kozyreva

Managing Director for Real Estate projects

3 key trends in Greece’s property market: what investors should know

Trend #1

Greece’s property market is slowing down

According to the Bank of Greece, apartment prices rose by 7.3% year on year in the second quarter of 2025. By comparison, the average annual growth rate stood at 9% in 2024 and 13.9% in 2023[1].

Price growth has slowed across most regions, including Athens and Thessaloniki.

A more moderate trend is also evident across property types: prices are rising more slowly in both new developments and the resale market.

While the market continues to grow, the pace has become more moderate. This shift indicates that the phase of rapid price escalation is likely coming to an end, signalling a transition to a more stable period of development.

Trend #2

Resale market outpaces new builds in price stability

Prices for apartments built less than 5 years ago rose by 6.8% in 2025, compared with 10.2% in 2024 and 12.9% in 2023.

Resale market proved more resilient: prices increased by 7.6%, compared with 8.2% in 2024 and 14.5% in 2023.

The slowdown in the primary market reflects softer demand and rising construction costs. Resale properties continue to attract buyers due to their more attractive balance between price and location.

Examples of real estate properties in Greece

https://iminblog.kinsta.cloud/wp-content/uploads/2022/04/cpx_8460-optim.jpg.webp

Greece, Santorini

€450,000 — €550,000

Mediterranean style villa next to the sea in Santorini with guaranteed rent

83 m² — 94 m²

https://iminblog.kinsta.cloud/wp-content/uploads/2022/11/ALIMOS-04-2.jpg

Greece, Athens

€741,000 — €1,423,000

Apartments in a closed residential complex near the sea, Alimos, Athens

86 m² — 153 m²

1—3

2—3

https://iminblog.kinsta.cloud/wp-content/uploads/2022/09/aug6963-min.jpg

Greece

€340,000 — €358,000

Residential complex with villas and apartments on the coast of Crete

65 m²

Trend #3

Regions outpace Athens in price growth

Athens recorded the slowest price growth in the country — 5.9% year on year, compared with 8.5% a year earlier.

In Thessaloniki, prices increased by 8.8%, compared with 11.6% in 2024.

In other major cities, however, price growth accelerated to 8.5%, up from 7.5% the previous year.

For investors, this means a broader range of opportunities. While Athens used to be the main driver of the market, stronger price momentum is now being seen in regional centres and popular tourist areas.

Elena Kozyreva,

Managing Director for Real Estate projects

The slowdown in price growth does not reduce Greece’s investment appeal. Moderate growth rates typically indicate market stabilisation and the creation of favourable conditions for long-term investment.

Regions with sustained price growth are becoming new focal points for investors seeking an optimal balance between property values, location and potential returns.

How to obtain a Greek residence permit through property purchase

Investors who purchase real estate worth €250,000 or more are eligible for a 5-year residence permit in Greece. The application process takes at least 4 months.

Under Greece Golden Visa program, there are 3 investment thresholds:

€250,000 — for properties bought for renovation;
€400,000 — for new properties in most regions of Greece;
€800,000 — for new properties in prime tourist areas, including Attica, Thessaloniki, Mykonos, and Santorini.

The property can be rented out on a long-term basis, with average rental yields reaching up to 5% per year.

After 7 years of continuous residence, investors may apply for Greek citizenship. They will need to pass exams on the language, history, and culture of the country.

Will you obtain residence by investment in Greece?

Master the residency process
Get expert tips and documents
Estimate costs accurately

Download practical guide

Trusted by 5000+ investors

Sources

Source: Data on property price trends for the second quarter of 2025 were published on the official website of the Bank of Greece

More news

Romania to launch Golden Visa offering 5-year EU residency

Romania is set to launch a Golden Visa program, creating a new pathway to residency in the European Union through real estate purchase. The minimum investment threshold is €400,000. Elena Ruda, Chief Development Officer at Immigrant Invest, has reviewed all available details of the upcoming program and analysed the opportunities it could create for investors.

Elena Ruda

7 min

22 October, 2025

Portugal and other EU countries tighten their citizenship rules

Portugal approved amendments to its citizenship law on October, 28th, 2025. The law increases the naturalisation period from 5 to 10 years and allows citizenship to be revoked for serious offences. Discover which other EU countries are tightening citizenship rules in 2025, and where the route to a passport remains the quickest. Célia Castilho, Head of the Portuguese office at Immigrant Invest, analysed all available sources and explained how the changes will affect applicants.

Célia Castilho

3 min

20 October, 2025

New Malaysia Investor Pass visa: a simplified path to investment

Malaysia has introduced a new visa to attract investors. The Investor Pass streamlines the process of visiting the country for those interested in investing in Malaysia. The processing is completely remote and takes only 5 days. Here’s the breakdown of benefits and requirements of the new visa.

Elena Ruda

2 min

25 April, 2025