Greece Real Estate Prices: How Much Does a House Cost in 2026

The cost per square metre in Greece is lower than in most European countries. A sample of registry projects completed within the last year puts the 2026 median price for new-build housing at €3,875 per square meter.

District, proximity to the sea, infrastructure and transport access all shape the price. Property type, however, shapes it more than anything else.

The range is wide: an inexpensive apartment in central Athens can be found from €250,000, while a luxury villa on the coast starts at €1 million.

Two trends, in particular, explain why the market kept growing through 2026. One is a steady flow of international capital — Greece has held onto its position as one of the more accessible entry points among EU markets, helped by a lenient tax regime and benefits for holders of large capital. The other is that Greek property remains, on the numbers, underpriced.

Athens’ housing price index has already hit an all-time high. It rose 5.2% year-on-year in the first quarter of 2026, while prices across Greece as a whole climbed 5.6%. Over five years, the index is up 61%.

Another argument in favour of Greece is the possibility of obtaining a European residence permit when buying a property worth 250 thousand euros.

Renewable, tied to real estate investment, and among the most accessible in Europe, it covers the buyer’s family, asks for no permanent physical residence in the country, and comes with the right to travel across the Schengen area.

Elvira Gracheva Head of Sales, Europe at Tranio

Because foreign demand is bound so closely to that residency program, the market, Athens in particular, has become less exposed to rising mortgage rates and the ECB’s tighter monetary policy in 2026.
Athens, Crete, and Thessaloniki are the most popular among foreign buyers. Statistics on golden-visa issuance by region serve as an indirect gauge of that demand.

Average residential property prices per square metre in Q2 2026 according to the largest Greek property platform Spitogatos:

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 150–200 thousand euros, they are the most profitable to let. New three-bedroom apartments sell for 300–400 thousand euros. Prices for private houses reach several million euros.

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 150 thousand euros.

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 210 thousand euros.

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 190 thousand euros.

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 225 thousand euros and new villas from 375 thousand euros.

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 160 thousand euros, while detached houses with land range from 300 thousand to several million euros.

Athens is one of the most promising markets in Europe

According to Tranio forecasts, the country’s property market will continue to grow, including in Athens. 

Tranio’s own forecast calls for the growth to continue, in Athens and across the country. The business- and premium-class segment in Athens, meanwhile, remains supply-constrained even as demand holds steady and high. That imbalance keeps pushing prices upward.

The market’s foundation rests on the long-term planning of golden-visa participants. Tying residency to the asset guards against a sudden release of supply and a sharp price correction, and demand under the program continues to underpin price growth in the new-build and renovation segments.

Maksim Skorykh Market Analyst

The interest in renovations of existing properties is growing, as a means of minimising the risks and costs associated with new-build projects. This is driving an increase in the conversion of commercial buildings into residential properties, particularly in areas adjacent to Athens’ business district.

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.

Elvira Gracheva Head of Sales Tranio Europe

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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