Greece’s Real Estate Market in 2025: A Turning Point
Ktimatoemporiki Real Estate - 2024-12-28
The Greek real estate market is likely to be in for another year of growth in 2025, continuing the steady climb after a spectacular seven-year run of growing property prices It follows that the tempo of growth will be at a slower pace, but the market will still remain dynamic, interesting both local and international buyers.
The Shift Towards Stability
From 2017 to 2023, Greece faced a big boom in property values, where Attica recorded a price surge of 71.1% and the country as a whole saw a rise of 53.8%. But all this has started to enter a phase of deceleration. Apartment prices in the main cities have risen less than 11% in 2024, reflecting a measured growth pattern.
This gradual cooling does not point to a lack of demand but rather to a change in buying behavior. Potential homeowners and investors are becoming more discriminating, seeking properties that better meet their long-term objectives. This is the way to a balanced market, where stability in prices is foreseen to characterize the next years.
Rising Demand in Greek Regional Markets
As more and more opportunities are lost in Athens, regional markets in Greece are on the rise. For example, the Northern and Southern Aegean islands are still targets for foreign investors. Properties there have maintained their relatively low price of 1,000-1,500 euros per square meter, which makes them a great value compared with major urban centers.
These regional treasures create a luring opportunity for buyers who are after a balance between affordability and lifestyle. The proximity to the sea, cultural richness, and slower pace of life lure international buyers to these areas more and more.
Quality Over Quantity
With maturing of the market, transaction volumes would be somewhat lower. Deals that take place are likely at higher price points. It would appear that, in the evolving landscape, quality is preferred over quantity, as buyers are willing to pay more for properties that precisely meet their needs.
Although the market has matured, it still offers the possibility of bargains, especially in less discovered areas. These options do appeal to a growing category of savvy buyers, basically those looking for location, amenities, and long-term value.
Navigating the Market in 2025
Realistic pricing will be the key for sellers in the year 2025. Overvalued properties may find very few takers in a market that demands a wave of balance and pragmatism. Sellers whose expectations meet market realities will have a better chance of benefiting from continued demand.
So, this is the promise of the Greek real estate for 2025: further growth stirred by interest from overseas investors to targeted demand from native buyers. With the race time of prices probably running their course, the call now is for stability with focused investments, making the case for Greece as the attractive destination for real estate investors. The market can't help but continue turning; both the buyer and the seller can benefit again through a more balanced approach for sustainability
The Shift Towards Stability
From 2017 to 2023, Greece faced a big boom in property values, where Attica recorded a price surge of 71.1% and the country as a whole saw a rise of 53.8%. But all this has started to enter a phase of deceleration. Apartment prices in the main cities have risen less than 11% in 2024, reflecting a measured growth pattern.
This gradual cooling does not point to a lack of demand but rather to a change in buying behavior. Potential homeowners and investors are becoming more discriminating, seeking properties that better meet their long-term objectives. This is the way to a balanced market, where stability in prices is foreseen to characterize the next years.
Rising Demand in Greek Regional Markets
As more and more opportunities are lost in Athens, regional markets in Greece are on the rise. For example, the Northern and Southern Aegean islands are still targets for foreign investors. Properties there have maintained their relatively low price of 1,000-1,500 euros per square meter, which makes them a great value compared with major urban centers.
These regional treasures create a luring opportunity for buyers who are after a balance between affordability and lifestyle. The proximity to the sea, cultural richness, and slower pace of life lure international buyers to these areas more and more.
Quality Over Quantity
With maturing of the market, transaction volumes would be somewhat lower. Deals that take place are likely at higher price points. It would appear that, in the evolving landscape, quality is preferred over quantity, as buyers are willing to pay more for properties that precisely meet their needs.
Although the market has matured, it still offers the possibility of bargains, especially in less discovered areas. These options do appeal to a growing category of savvy buyers, basically those looking for location, amenities, and long-term value.
Navigating the Market in 2025
Realistic pricing will be the key for sellers in the year 2025. Overvalued properties may find very few takers in a market that demands a wave of balance and pragmatism. Sellers whose expectations meet market realities will have a better chance of benefiting from continued demand.
So, this is the promise of the Greek real estate for 2025: further growth stirred by interest from overseas investors to targeted demand from native buyers. With the race time of prices probably running their course, the call now is for stability with focused investments, making the case for Greece as the attractive destination for real estate investors. The market can't help but continue turning; both the buyer and the seller can benefit again through a more balanced approach for sustainability
