Property prices in Greece continue to rise despite the slowdown

According to the latest data from the Bank of Greece, in the fourth quarter of 2024, the cost of housing in the country increased by 6.6%, and in the Attica region – by 6.2%. Although the growth rate has noticeably decreased compared to previous periods, it is still steadily outpacing the inflation rate.

According to the results of the entire 2024 year, the average increase in housing prices in the country was 8.7%. At the same time, the peak of activity occurred in the first quarter, when growth reached 10.8%, after which the dynamics began to gradually decrease.

Regional indicators also show a slowdown:

• Attica: +8.2% per year (against +13.9% in 2023)
• Thessaloniki: +11.2% for the year (against +16.6% a year earlier)
• Resort and tourist areas: +10.6% in 2024 (compared to +11.6% in 2023)

Prices for primary housing (new buildings) rose by 10.1% over the year, which is lower than the growth of 2023 (+12.9%). The secondary market showed more modest results – +7.8% compared to +14.5% last year.

Golden visa in Greece: investment with perspective

Buying property in Greece not only ensures stable capital growth, but also opens the way to obtaining a golden visa, an EU residence permit available through investment.

The Golden Visa program allows foreign citizens who have invested 250,000 euros in real estate to obtain a residence permit without having to reside in the country. This is a great opportunity for investors looking for a "plan B", access to the European market and visa-free travel in the Schengen area.

Advantages of the program:

• Residence permit for the whole family (including spouses, children and parents)
• Without the obligation of permanent residence in Greece
• The possibility of renting out real estate
• Further registration of permanent residence and citizenship subject to the conditions

With the growing interest in real estate and a stable economic situation, Golden Visa remains one of the most attractive and affordable investment instruments in Europe.