Greek real estate has been in the spotlight since 2018, driven by a strong economic recovery, renewed tourist demand and one of the most attractive residency regimes in Europe. In 2024, the Greek government overhauled the Golden Visa programme in two waves; the revised rules are relevant for any foreign buyer considering an investment.
The real estate market in Athens
According to the Bank of Greece, Greek house prices have risen every year since 2018. Growth is concentrated in Athens and the tourist islands. Central Athens, according to the Hellenic Statistical Authority (ELSTAT), records average prices of around €2,300 per square metre, well below comparable Western European cities.
In Mykonos, Santorini and parts of Crete, prices are significantly higher, driven by international tourism and limited supply. The Eurostat House Price Index places Greece in the upper middle of Europe in terms of annual price growth.
The revised Golden Visa programme
The Golden Visa has long been one of the engines of foreign demand in Greece. In 2024, the Greek government implemented a two-stage reform that significantly differentiates thresholds by region.
Since 1 September 2024, the following minimum investments apply, as confirmed by Henley & Partners and the :
