The Greek residential real estate market 2025 continues to show steady growth despite global economic challenges. Demand for housing remains high among both local residents and foreign investors, which contributes to higher prices and the development of new projects.
Current market situation
- Price growth: According to The Luxury Playbook, the average cost of residential real estate in Greece in 2024 was $292,700, and it is expected to reach $364,500 by 2029. This indicates a steady increase in housing prices.
- Foreign investment: The Golden Visa program continues to attract foreign investors. In 2024, more than 11,870 visas were issued, bringing in more than €2.9 billion in foreign direct investment in the real estate sector.
- Tourism and leasing: Growth in tourism is driving demand for short-term rentals, especially in popular tourist destinations such as Athens, Thessaloniki, and the islands. However, the government is introducing restrictions on new short-term rental licenses in central Athens to balance the interests of locals and tourists.
Forecast for 2026
- Stabilization of price growth: House price growth is expected to slow but remain positive. Annual growth is projected at 3.2% to 3.7% until 2029.
- Infrastructure development: Large projects, such as Ellinikon on the Athens Riviera, continue to attract investment and contribute to infrastructure development, making the region more attractive to buyers.
- Impact of interest rates: Rising interest rates may affect the availability of mortgage financing, especially for local buyers. This could lead to a decrease in demand for housing in some market segments.
Recommendations for investors
- Consider investing in developing areas: Areas with developing infrastructure and high potential for price growth may offer attractive investment opportunities.
- Consider changes in legislation: Keep up to date with new regulations and restrictions, especially those related to short-term rentals, to avoid unexpected obstacles.
- Assess risks: Consider the opportunities for real estate investment. However, it is important to carefully analyze the market and consider all possible risks when making investment decisions.
Source: http://relocation.com.ua/rynok-zhytlovoi-nerukhomosti-hretsii-2025-roku-analiz-i-prohnoz-na-2026-rik-vid-relocation/
FORECAST, GREECE, HOUSING, REAL ESTATE, RELOCATION
