In recent years, the Greek residential real estate market has shown strong growth, becoming one of the most valuable investment markets in Europe. Data shows that in 2023, there were a total of 174,475 real estate transactions across Greece, with a total contract value of €18 billion, and the average transaction price per property was €100,000. In 2024, there were 211,590 real estate transactions nationwide, with a total contract value of €23.27 billion, and the average transaction price per property reached €110,000. Compared to 2023, the number of real estate transactions in Greece increased by 21.27% in 2024, the total transaction value increased by 29.28%, and the average transaction price per property rose by 10%.
According to data released by Spitogatos, Greece's largest real estate transaction information website, taking the Attica region, where the capital Athens is located, as an example, the prices in central Athens, eastern Athens, Piraeus, and the suburbs of Piraeus all saw an increase of over 10% in the fourth quarter of 2024 compared to the same period in 2023. This significant growth trend not only reflects the strong recovery of the Greek real estate market but also indicates the vast potential for future investments.
The prosperity of the real estate market is driven by multiple factors. Firstly, robust economic recovery and sustained political stability have enhanced the confidence of both domestic and foreign investors. Secondly, the surge in tourism demand, especially in popular tourist areas, has propelled the rapid expansion of the residential market. Additionally, a series of tax reduction policies introduced by the Greek government have injected new vitality into the real estate market. At the same time, the "My Home II" program promotes the activity of the old apartment market through low-interest loan subsidies for first-time homebuyers. The government expects that from 2025 to 2029, Greek real estate prices will enter a period of stable growth, with an increase of 3.2% to 3.7%.
As the Greek economy continues to recover and the real estate market heats up, the appeal of the Greek Golden Visa program will further strengthen. As one of the few projects in the immigration market that allows for quick acquisition of an EU green card, the Greek property investment immigration program has relaxed requirements with no educational, language, management experience, or residency prerequisites, along with multiple advantages such as allowing three generations of the family to apply together. By investing in properties starting from €250,000, one can obtain permanent residency in Greece, an EU country, all at once, with numerous benefits! Currently, there are not many high-quality 'commercial to residential' properties on the market that meet the application requirements for the Greek Golden Residence Program and can be transferred quickly. It is recommended that prospective investors seize the opportunity, select properties early, complete the transfer early, and obtain residency status early for peace of mind!
Important Reminder! The tightening of immigration policies in many European countries has become an inevitable trend. Following Cyprus's closure of its investment citizenship program, Ireland's cessation of its investment immigration, Portugal's termination of its property investment immigration, and the price increases in Greece and Malta, Spain announced in 2025 that it will soon close all golden visa programs. The European Parliament has long proposed to close all investment immigration programs by 2025. Sudden policy changes once again prove that the immigration market is ever-changing, and time waits for no one; immigration should be pursued early! WorldWay reminds all investors to take action as soon as possible, seize the opportunity, leverage policy benefits, and realize their dreams of Europe as soon as possible!
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