Why Greece's Property Market Keeps Growing and What It Means for Investors

Greek real estate is showing steady, sustainable growth rather than volatility — with rental yields up to 12%, rising Golden Visa demand, and major projects like The Ellinikon reshaping the Athenian Riviera.

Greece’s real estate sector has entered a new era, which is marked by stability, high demand and long-term opportunity. While many European markets are experiencing volatility, Greece’s is holding firm. The numbers point to a maturing, balanced market that still offers healthy returns for those who invest wisely.

Whether you are looking for lifestyle value, capital growth or rental income, understanding what’s behind this momentum is the key to making informed decisions.

How Much Have Greek Property Prices Risen?

According to the Bank of Greece, apartment prices rose by 7.3% over the last year, indicating a more measured pace compared to 13.9% in 2023. Interestingly, regional hubs like Thessaloniki and popular tourist areas are outpacing Athens, with price increases of up to8.8% in the second quarter of 2025.

Looking ahead, property prices are forecasted to grow by approximately 3% annually until 2030. Rental yields remain attractive, averaging between 5% and 12% in urban and tourism-driven locations. This combination of income and capital growth continues to position Greek real estate as a strategic investment choice.

What Is Driving Demand for Greek Real Estate?

Demand is being driven by a combination of market conditions and investor activity. Golden Visaapplications rose by over 30% in early 2025, reflecting ongoing international interest. With new construction remaining limited, buyers are turning to ready or renovated properties, particularly those with high energy efficiency ratings.

At the same time, developments such as The Elliniko Project are elevating entire regions. This transformative project on the Athenian Riviera introduces Greece’s first residential skyscraper and expansive public spaces, contributing to the wider appeal of modern, luxury living in Athens and its surroundings.

Greek Property Market Outlook: Policy, Tax and Investment

The Greek government continues to support real estate through targeted policy reforms. A new bill from the Ministry of Economy will introduce expanded tax relief for families and more flexible rental terms, both aimed at addressing housing shortages and increasing rental options.

In addition, the National Bank of Greece projects €45 billion will be invested into the real estate sector by 2030. Much of this will go into new construction and the upgrading of existing housing stock. From 2026, the government also plans to abolish the current 24% VAT on new property purchases, maintaining only the 3% transfer tax — a move expected to further encourage buyer activity.

Featured Investment Properties in Attica

At Velment, we guide clients toward real estate that reflects both market strength and long-term potential.

As Yiannos Trisokkas, CEO of Velment, explains:
“Our team here at Velment ensures each property buyer finds their ideal investment property in Greece. Top-tier available properties for sale include the Marina View Residences and the Lopes Residences. These represent ideal investments. I invite you to connect with our team and allow Velment’s expertise to ensure you make a tactful and profitable investment choice.”

Two standout developments currently available are:

Marina View Beachfront Residences, Porto Rafti

Located on the East Attica coast, Marina View offers a rare blend of design, sustainability and seaside living.

  • 14 two-bedroom and 1 one-bedroom units
  • Built with A-rated energy efficiency
  • Designed for a lifestyle of comfort, light and elegance
  • Walking distance to the coast and everyday amenities

This project appeals to both local and international buyers seeking a refined, future-focused property in a coastal destination rich with heritage and natural beauty.

Lopes Residences, Paiania, Athens 

A prime opportunity for investors near Athens International Airport, Lopes Residences combines smart design with strong financial upside.

  • 11 units (five 1-bed, six studios)
  • Energy Efficiency A rating
  • 3 years of free property management and communal charges
  • Rooftop and ground-floor BBQ areas, a communal pool, storage, parking and easy access to everyday amenities

This development is eligible for the Greek Golden Visa and is ideally suited for those seeking a well-located, low-maintenance investment with strong income potential.

Is Now a Good Time to Invest in Greek Property?

Greece is no longer a rising market — it is a proven one. With high rental yields, reliable value growth and a supportive government framework, now is the time to explore opportunities.

To learn more, contact our consultant team at info@velment.com.
For regular updates, follow us on LinkedIn.

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