Short answer:
The rise in real estate prices in Greece is not limited to Athens. Thessaloniki, coastal areas, popular islands, and developing regions are also seeing growing demand. A savvy investor looks not only at where prices have risen, but also at where there is still potential for growth.
Housing prices have risen across Greece in recent years. In 2024, apartment prices in Athens rose by approximately 8.2% compared to 2023, while Thessaloniki saw an even sharper jump of about 11.2% that same year. This trend is also affecting real estate on the Greek islands, which is attracting significant attention from investors and potential buyers. In the rest of Greece—which includes a large portion of the islands and coastal tourism areas—apartment prices rose in 2024 by a sharp rate of approximately 10.9% compared to 2023, a pace that remained in the double digits and was even higher than the national average.
Prices have also risen in the areas surrounding Athens, including attractive neighborhoods and suburbs. Popular Greek islands such as Santorini, Mykonos, and Crete have seen significant price increases, both because they are included in the "Golden Visa" program and because they are major tourist destinations.
Developing regions with growth potential, such as the Peloponnese and Chalkidiki, have also seen increased demand and rising housing prices. This trend is attracting significant attention from investors seeking investment opportunities in Greece, particularly in these regions, which offer the potential for high returns in the long term.
