Greece Real Estate Prices: How Much Does a House Cost in 2025
The cost per square metre in Greece is lower than in most European countries: in some locations the price does not exceed 3 thousand euros per square metre. The price depends on the proximity to the sea, the level of infrastructure development, and transport links. Buyers can find affordable apartments in the centre of Athens for as little as 80 thousand euros, or luxury villas on the coast starting from one million euros.
Greece has some of the highest property price growth potential in Europe. This is not only due to the recovery of tourism, but also to the active growth of economic indicators. For the first time in decades, Greece has a stable and business-oriented government.
The Greek market is growing steadily, especially in Athens and Thessaloniki. According to the Bank of Greece, property prices in Athens rose by 7.7% last year, while prices in Thessaloniki rose by 12%, in other major cities by 9%, and in the rest of the country by 5%. The cost of property depends on type and region, but in general Greece is still one of the most affordable countries in the European Union.
From 181,000 €
Built in 2023 12 units in total
From 250,000 €
43 units in total
From 405,000 €
Completion in: 2025.II 20 units in total
Price on request
Total area 230 m² Land area: 210 m²
325,000 €
Total area 110 m² 4 bedrooms
Another argument in favour of Greece is the possibility of obtaining a European residence permit when buying a property worth 250 thousand euros.
Athens, Crete, and Thessaloniki are the most popular among foreign buyers.
Average residential property prices per square metre in Q4 2024 according to the largest Greek property platform Spitogatos:
Athens, central districts | €2,250 |
Athens, southern districts | €3,895 |
Athens, northern districts | €3,167 |
Athens, western districts | €1,963 |
Thessaloniki | €2,452 |
Piraeus | €2,513 |
Corfu | €2,167 |
Crete, Heraklion | €1,625 |
Crete, Chania | €2,545 |
Chalkidiki | €2,500 |
Athens is the economic, cultural, and administrative centre of Greece with a population of over 3 million and the largest passenger seaport in Europe, Piraeus. In the centre buyers can find small newly renovated apartments starting from 80 thousand euros, they are the most profitable to rent. New three-bedroom apartments sell for 300–400 thousand euros. Prices for private houses reach several million euros.
From 158,000 €
Built in 2025 Total of 11 apartments
From 200,000 €
Built in 2024 Total of 17 apartments
From 302,000 €
Completion in: 2027.III Total of 48 apartments
From 310,000 €
Completion in: 2025.IV Total of 43 apartments
From 220,000 €
Completion in: 2025.IV Total of 35 apartments
From 250,000 €
Completion in: 2027.III Total of 98 apartments
From 300,000 €
Completion in: 2025.IV Total of 8 apartments
Piraeus is a major logistics hub for the Greek and European markets. It is the sixth largest port in the EU in terms of passenger traffic, with more than 8 million people passing through each year. It is a 15-minute drive from the centre of Athens. Prices for small apartments in new buildings start from 180 thousand euros.
From 302,000 €
Completion in: 2027.III Total of 48 apartments
From 250,000 €
Completion in: 2027.III Total of 98 apartments
From 310,000 €
Completion in: 2027.III Total of 17 apartments
From 642,000 €
Completion in: 2027.III Total of 10 apartments
From 250,000 €
Yield 5.0% Completion in: 2026.I
From 260,000 €
Completion in: 2025.IV Total of 6 apartments
From 270,000 €
Total of 11 apartments
From 250,000 €
Completion in: 2026.IV Total of 9 apartments
Thessaloniki is the second largest city in Greece with a population of over 800 thousand people. It is home to the Aristotle University, Macedonia Airport, and the seaport, which is second only to Piraeus in economic importance. The cost of new apartments starts from 200 thousand euros.
From 275,000 €
Yield 4.0% Completion in: 2025.IV
From 349,000 €
Built in 2024 Total of 12 apartments
From 325,000 €
Completion in: 2025.III Total of 2 apartments
260,000 €
Total area 79 m² 1 bedroom
396,000 €
Total area 120 m² 2 bedrooms
260,000 €
Total area 79 m² 1 bedroom
384,000 €
Total area 116 m² 2 bedrooms
260,000 €
Total area 79 m² 1 bedroom
On the Chalkidiki peninsula, small resort towns and villages are in demand: Nikiti, Nea Moudania, Pefkoсhori, Neos Marmaras, Nea Skioni, and Hanioti. Prices for new homes here start from 160 thousand euros.
From 181,000 €
Built in 2023 12 units in total
From 405,000 €
Completion in: 2025.II 20 units in total
4,100,000 €
Land area: 370 m²
3,800,000 €
Land area: 600 m²
390,000 €
Land area: 114 m²
650,000 €
Land area: 170 m²
650,000 €
Land area: 170 m²
1,200,000 €
Land area: 200 m²
Foreigners sometimes buy property on the island of Crete. Rethymno, Chania and Heraklion are the most popular resorts, visited by tens of thousands of tourists every year. In Crete they usually buy a second holiday home where they spend several months a year. Prices for new apartments start from an average of 150 thousand euros and new villas from 250 thousand euros.
From 250,000 €
Yield 3.0% Completion in: 2026.IV
From 830,000 €
Total of 15 apartments
From 404,000 €
Total of 23 apartments
From 250,000 €
43 units in total
From 485,000 €
Total of 43 apartments
From 345,000 €
Total of 9 apartments
From 275,000 €
Completion in: 2026.II Total of 18 apartments
Some buyers are interested in property in the Ionian Islands, particularly Corfu and Kefalonia. Corfu is the northernmost island and the second largest in the archipelago. Properties are most sought after in the central and north-eastern areas of Corfu, from Kontokali, Gouvia and Dassia in the north to the exclusive Agios Stefanos and Kassiopi in the south. New one-bedroom apartments cost an average of 150 thousand euros, while detached houses with land range from 300 thousand to several million euros.
1,990,000 €
Total area 457 m² Land area: 1,748 m²
480,000 €
Total area 135 m² Land area: 232 m²
3,600,000 €
Land area: 1,600 m² 4 bedrooms
595,000 €
Land area: 700 m² 3 bedrooms
1,900,000 €
Total area 430 m² Land area: 3,400 m²
300,000 €
Total area 147 m² 3 bedrooms
380,000 €
Total area 340 m² 5 bedrooms
450,000 €
Total area 250 m² Land area: 1,500 m²
Athens is one of the most promising markets in Europe
According to expert forecasts, the country’s property market will continue to grow in 2025, including in Athens. One of the outstanding projects in Athens, for example, is Ellinikon, where Europe’s first ’smart green city’ is being built from scratch.
Renovation projects are also underway in the area, including a new option of the Golden Visa programme to invest in the new residential units transformed from empty and old commercial spaces. Greece is one of the few accessible EU countries where investors can obtain a residence permit for property from 250 thousand euros.
Our projects in Athens show high value growth from the starting price per square metre both during the construction phase and after the building is commissioned. Over the years as a developer in Athens, we have renovated more than 150 individual flats and redeveloped 4 apartment buildings.
Tranio has its own residential construction and renovation projects in Athens. We select locations with the highest price growth potential for our projects. Our Athens office specialists will assist you with property selection, legal services, residence permit applications, and rentals if you are buying a property for investment purposes.
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