Recent studies and market data highlighted key trends shaping Greece’s property market, reflecting both its domestic dynamics and growing international appeal.
According to the Bank of Greece, apartment prices rose by an average of 7.8% in 2025, compared with 9.1% in 2024, confirming continued growth but with signs of gradual slowdown. In the fourth quarter of 2025, prices increased by 7.6% year-on-year, with rises of 5.9% in Athens, 8% in Thessaloniki and up to 10.5% in other major cities.
At the international level, Greece strengthened its position as an investment destination. At MIPIM 2026 in Cannes, experts described the Greek market as a “rare” asset, shifting from a recovery story to a more stable, long-term investment environment. Improved macroeconomic indicators, lower borrowing costs and the country’s investment-grade status reduced risk perception and boosted investor confidence.
Domestically, supply and demand imbalances remained evident. Data from Uniko, supported by the National Bank of Greece and Qualco Group, showed a significant shortage of smaller, affordable properties—particularly those priced below €100,000. Demand remained concentrated below €200,000, where around 70% of buyers were active, while supply exceeded demand in higher price brackets.
Foreign demand also shifted notably. According to Elxis – At Home in Greece, interest in Greece’s Golden Visa programme dropped by 83% compared with last year, following increased minimum investment thresholds of up to €800,000 in key areas. As a result, buyer profiles changed, with fewer younger investors seeking short-term returns and more buyers aged 45–60 prioritising lifestyle and second homes.
Demand from countries such as the Netherlands and France increased, while interest from Belgium declined. Meanwhile, buyers from Germany, the United States, the United Kingdom and Canada continued to show strong interest, particularly in newly built or under-construction properties.
The domestic housing finance sector also showed signs of recovery. Greece returned to positive mortgage lending growth in November 2025 for the first time in 15 years. New mortgage disbursements rose steadily, reaching €2.12 billion in the first ten months of 2025, a 37% increase year-on-year.
According to the European Central Bank, average mortgage rates for fixed-term loans of up to five years fell to 2.95% in February 2026, dropping below 3% for the first time since 2017 and placing Greece among the more competitive markets in the eurozone.
New ownership models also emerged, particularly in the premium and holiday home segment. Fractional ownership gained traction, allowing buyers to acquire shares in high-value properties with lower capital requirements. Areas such as the Athenian Riviera and Greek islands attracted strong interest due to rising values and relatively lower prices compared to other European coastal markets.
Overall, the Greek property market continued to evolve, driven by price growth, shifting demand patterns and improving financing conditions, while balancing both international investment interest and domestic housing needs.
