The price of buying property in Greece is one of the most important issues that has attracted the attention of international investors and immigration enthusiasts. With a combination of rich history, authentic culture, beautiful nature and strategic location in southern Europe, Greece has become an attractive destination for buying property. Whether your goal is to invest, obtain residency through immigration programs or experience a peaceful life along the Mediterranean coast, this country offers you many opportunities. Exploring the different regions, factors affecting the price, and the benefits of buying property in this country can pave the way for you to make an informed and confident choice. In this article, we intend to provide you with a guide to examining the price of buying property in Greece. Stay with us.
Athens (South, North, Central and West regions)
In Athens, the average asking price for a property in the first quarter of 2025 is as follows: South Athens up to around 4,000 EUR/m², North Athens around 3,222 EUR/m², the center around 2,317 EUR/m², and West Athens around 2,055 EUR/m². These prices indicate the market growth potential and investment attractiveness of this dynamic European city. The price per square meter of an apartment in the southern area is somewhat similar to the low-cost options in Istanbul and is part of the investment appeal of the tour. This is a strong starting point for entering the Greek market.
Thessaloniki
In Thessaloniki, the average asking price for a property is recorded at around €2,558/m², with a significant annual growth (+12.54%). The city is an excellent option, especially for those looking for a more relaxed and urban investment, as it is both more pristine and has a developing market.
Luxury Islands: Mykonos and Santorini
In Mykonos, luxury property prices typically range from €6,750/m² for standard properties to €35,850/m² for ultra-luxury villas. In Santorini, the average price is around €4,190/m², and in some cases earthquake nightmares have caused fluctuations. These areas are attractive to buyers with a high budget, looking for a holiday or a high return, especially if you are looking for an experience like getting a Greek tourist visa and then staying in a paradise-like island.
Luxury Athenian Beaches: Vouliagmeni
In the famous “Athens Riviera” or “Athens Riviera”, especially in Vouliagmeni, prices are very high. In those southern Mediterranean areas, prices are often shown as high as 7,216 euros/m² and even as high as 15,000 euros/m² for coastal properties. With its sea views, luxury amenities and proximity to the Ellinikon project, this area is a destination for investors looking for a combination of memorable tranquility and advanced urban opportunities.
Crete Island, Greece
In cities like Heraklion and Chania in Crete, the average price per square meter for apartments is reported to be around 1,670–1,700 EUR/m². This rate is relatively more affordable and is very suitable for buyers on a medium budget who are looking for peace, nature and a secure return on investment.
National average and price range
The national average price of residential property in Greece is approximately €2,600/m² and the market ranges widely from cheap country houses for less than €600/m² to luxury beach villas for over €7,000/m². Therefore, there is a clear path to entry for investors of all budgets. This is unique among European countries.
The Sparrow Islands or other lesser-known islands
Although there is no specific data for smaller islands such as the Sparwoods or less touristy islands, considering the national average and the differences between urban and island areas, one can expect prices between 1,000 and 2,500 euros/m², depending on infrastructure, accessibility and tourist popularity. These areas represent a good opportunity for investors looking for an affordable purchase but with high cultural and natural value.
Factors affecting the price of buying property in Greece
Now, another question that arises is what factors can affect the increase or decrease in property prices in Greece? Join us as we examine these factors.
Geographical location and access to facilities
One of the main factors determining the price of buying a property in Greece is its geographical location. Properties located in central areas of cities such as Athens and Thessaloniki or near popular beaches tend to command higher prices than properties on the outskirts or in lesser-known areas. Proximity to public transport, schools, shopping centres, hospitals and tourist attractions increases the value of the property. This price difference is clearly visible in both the urban apartments and the beach villas.
Economic conditions and capital markets
The overall state of the Greek economy and the stability of the capital market play an important role in property prices. When the economy is in a booming state and foreign investors are more willing to invest, prices usually grow. On the other hand, financial crises or economic recessions can cause a decrease in demand and, as a result, a decrease in property prices. Many investors decide to buy or sell by analyzing the country’s economic conditions, because this factor has a direct impact on the value of the property.
Tourism status and popularity of the region
Greece is one of the most popular tourist destinations in the world, and this directly affects property prices. Areas such as Santorini, Mykonos and Crete, due to their international tourist appeal, command much higher prices than less touristy areas. Investors in these areas are usually looking to buy properties for short-term rentals and to generate income from tourists, so high demand leads to a steady growth in prices. This is especially important for those who are planning to buy a house in Greece with the intention of renting it out.
Infrastructure and construction projects
Large-scale development projects, such as the renovation of airports, ports and commercial centers or new urban schemes such as the Ellinikoon project in Athens, have a significant impact on increasing property values in the surrounding areas. Modern infrastructure not only makes life more comfortable for residents, but also increases the attractiveness of the area for domestic and foreign investors. Usually, areas located near developing projects experience faster growth in property values.
Immigration laws and residency programs
Another factor affecting property prices is Greece’s immigration laws and residency programs. Schemes such as the Golden Visa, which allows buyers of property with a certain value to stay in the country, have increased demand and driven up prices. These types of policies attract foreign investors, especially from non-European countries. The more attractive the immigration laws and the easier access to residency, the more demand for property will increase and consequently prices will rise.
Benefits of buying property in Greece
Buying property in Greece can have many positive benefits in financial, economic, cultural, etc. dimensions. In this part of the article, we will examine these benefits. Stay with us:
Investment with sustainable growth
One of the most important advantages of buying property in Greece is the high potential for capital growth in the country. Due to the increase in domestic and foreign demand, the Greek housing market has seen a significant upward trend in recent years. Even compared to other European countries, the price of purchasing property in Greece is still considered affordable, creating a good opportunity for investors to enter the market, benefiting from both future property value increases and stable rental income.
Possibility of obtaining residency through the purchase of property
Greece has a “Golden Visa” program that allows foreign property buyers to receive long-term residency in exchange for investing in real estate. This advantage is attractive to many international investors because, in addition to living in a European country, it also makes it easier to access the Schengen area. From this perspective, buying property in Greece is not just a financial investment, but also a safe route to immigration and enjoying the benefits of living in Europe.
Lifestyle and high quality of life
With its Mediterranean climate, beautiful beaches and rich culture, Greece is one of the best destinations for living and vacationing. Buying a property in this country means permanent access to these facilities and experiencing a peaceful and quality lifestyle. Whether you live in Athens with modern urban amenities or stay on islands such as Santorini and Crete, you experience the joy of living in pristine nature and authentic culture. This quality of life is one of the factors that maintains and enhances the value of the property in the long term.
Relatively lower costs than in Europe
Another advantage of buying property in Greece is the lower costs compared to many European countries. Not only are property prices in Greece lower on average than in countries like France, Spain or Germany, but the cost of living is also lower. This allows investors with a reasonable budget to purchase a high-value property while still enjoying the benefits of affordable living in Europe.
Final Words
As you can see, in this article, we examined the price of buying property in Greece and examined the factors affecting it. We learned that buying property in Greece is not just a simple economic transaction, but also an opportunity to enter a world full of benefits, peace, and a bright future. On the one hand, diverse and reasonable prices compared to other European countries provide investment opportunities for different groups, and on the other hand, attractions such as obtaining residency, a Mediterranean lifestyle, and stable returns on capital have made this country an unrivaled option in the European real estate market. Thank you for your support.
Nobility Life Immigration Institute specializes in consulting on obtaining Greek visa, German visa, and Schengen visas. You, our esteemed companions, can contact our experts through communication bridges for more information and free consultation.