Property Prices Greece: What Do Properties Cost in the Aegean?

Greece: Picturesque Islands, Mediterranean Climate and Affordable Property Prices

Greece fascinates with its breathtaking coastline, over a thousand islands, and an incomparable natural backdrop from the Aegean to the mountains. The Hellenic Republic is characterized by historical sites, deep culture, Mediterranean cuisine, and warm hospitality.

With an average of 250 sunny days and mild climate, both the islands and mainland delight many Germans. The proximity to water is felt everywhere, as no place in Greece is more than 132 kilometers from the coast. Property buyers particularly appreciate the low cost of living and property prices in Greece.

Development of Property Prices Greece

After the temporary decline in property prices Greece following the sovereign debt crisis from 2010 to 2017, the Greek property market has recovered impressively. Since 2018, a continuous upward trend has been observed, which continues into 2025.

The demand from both national and international buyers is developing dynamically. This applies primarily to urban locations like Athens and Thessaloniki as well as the sought-after islands of the Cyclades and Dodecanese. In many of these regions, interest exceeds existing supply. While new construction projects are emerging, they will not cover demand in the coming years.

Greece continues to offer affordable to moderate property prices in European comparison. The combination of attractive coastal locations, stable political situation, transparent ownership conditions, and improved infrastructure makes the country interesting for real estate investments.

The forecasts remain positive for 2026 as well: The focus is on prime locations with good accessibility, high quality of life, and stable value development. Greece is increasingly positioning itself as a safe and value-stable destination for investments in vacation and lifestyle properties.

How High Are the Current Property Prices Greece?

The nationwide average for residential properties stands at 2,561 euros per square meter for property prices Greece. Depending on location, year of construction, and features, house prices vary significantly. In Chalkidiki, for example, property prices start at around 2,000 €/m² in normal locations, rise to up to 4,500 €/m² in sought-after areas, and reach over 10,000 €/m² in top beachfront locations.

On Mykonos or Santorini, premium properties reach property prices well over one million euros. In rural regions on the mainland or on less developed islands, more affordable options can be found. Here are the property prices per square meter:

What Is the Average Price of a House in Greece?

The average property price in Greece for detached houses up to 150 square meters is currently 350,000 euros. This shows strong regional differences: While houses in popular locations like Mykonos, Athens, or Thessaloniki achieve significantly higher property prices, more affordable offers can be found in the interior or on less tourist-oriented islands. In addition to location, factors such as sea view, plot size, building condition, and proximity to tourist infrastructure are decisive for the purchase price.

Second Home in Greece: The 5 Most Popular Regions

1. Athens and Thessaloniki

Greece's metropolises offer a dynamic mix of historic charm and modern city life. They are ideal for investors and families who appreciate year-round culture, high quality of life, and excellent infrastructure. Urban properties are attractive here both as primary residences and for long-term rental.

2. Mykonos, Cyclades

The global hotspot for the luxury real estate market greece attracts wealthy private individuals and international investors from around the world. The island is famous for its pulsating nightlife, exclusive beaches, and iconic architecture. Prestige properties and high-end villas serve as luxurious retreats and attractive investment properties.

3. Rhodes, Dodecanese

The largest and most densely populated island of the Dodecanese captivates with diverse landscapes, historical sites, and over 3,000 hours of sunshine. Rhodes attracts international prospects seeking both vacation properties with rental potential and second homes. Rhodes is ideal for those who appreciate established tourist infrastructure and high quality of life.

4. Paros, Cyclades

Paros has developed into one of the most attractive property markets of the Cyclades. Paros combines traditional Cycladic charm with modern infrastructure. The island appeals to clientele who value style, authenticity, and quality of life. Stylish villas with sea views and pools represent high-quality lifestyle investments.

5. Naxos, Cyclades

The largest island of the Cyclades is gaining increasing importance as a destination for second homes and lifestyle properties. The island offers beautiful beaches, fertile land, and authentic villages away from the hustle and bustle. New constructions or renovated houses with sea views for personal use or rental enjoy great demand.

Is it still worth buying on the Greek islands?

A real estate purchase on the Greek islands remains extremely attractive. Islands like Rhodes, or Paros delight with dream landscapes and correspondingly high rental potential. The heavily frequented islands continue to record significant increases in property prices Greece. Properties on less known but emerging islands or with renovation potential offer excellent opportunities for long-term value appreciation. Greece remains a promising real estate market for private residential dreams and yield-oriented investments.

Where in Greece Are Property Prices Under 500,000 Euros?

Attractive properties under 500,000 euros can be found in many places in Greece outside the hotspots. Often, property prices are under 2,000 euros per square meter. Affordable regions include:

1. Andros (Cyclades)

The green, water-rich, and less touristy northernmost Cycladic island has detached houses or villas with sea views at purchase prices between 2,300 - 3,100 €/m². Ideal for buyers who appreciate tranquility, nature, and authenticity.

2. Symi (Dodecanese)

Known for neoclassical architecture and charming harbors, Symi scores with more affordable property prices than top Cycladic islands (1,800-3,350 €/m² for houses under 150m²). The island is attractive for lovers of rich cultural heritage and relaxed atmosphere. The Golden Visa threshold is 400,000 euros.

3. Peloponnese

The mainland and the southern Peloponnese peninsula benefit from quiet locations, good infrastructure, and a diverse property market. Traditional houses and properties with larger plots are well-suited for families. Profitable investments are possible with renovation-requiring properties with value appreciation potential through renovation.

Trends in the Real Estate Market Greece

Demand in the Greek property market is changing. Buyers are seeking second homes, capital investments, and houses with sustainability aspects. This is partly due to new legislation on vacation rental properties.

1. Sustainable Property Concepts

More and more project developers are focusing on ecological construction methods, energy-efficient materials, and sustainable architecture. This development meets the zeitgeist.

2. Urban Migration

Greek major cities are experiencing structural change. Young people, digital nomads, and expats are revitalizing the property market in Athens and Thessaloniki. New micro-quarters and urban living concepts are emerging.

3. Focus on High-Quality Lifestyle Investments in Top Destinations

Strong domestic and foreign demand concentrates on high-quality lifestyle properties in top coastal and island locations that combine relaxation and returns.

What should foreign buyers look for?

An international property purchase always involves some challenges, including in Greece. Pay attention to the following points to avoid mistakes:

• Legal Review: Have property rights, building permits, and boundary lines checked by professionals. Especially with older properties, documents or permits are often missing.

• Bureaucracy and Language: The purchase process in Greece has its own bureaucratic procedures. Consider potential language barriers and local customs. Our agents are happy to help you with this.

• Tax Aspects: Property transfer tax and annual property taxes (ENFIA) are due. Clarify possible charges such as climate resilience fees, rental income taxes, capital gains or income tax with tax consultation.

• Renovation Costs: Older properties in Greece don't have the same construction methods as in Germany. Materials vary and foreigner surcharges are popular with craftsmen. Expert cost assessment before purchase prevents surprises.

• Financing Conditions: Conditions for mortgages differ when granted to foreigners. Banks require an equity ratio of 30 to 40%. Interest rates are usually higher than for locals.

• Rental Regulation: For planned tourist rental, local regulations and permit procedures (AMA number) must be checked. From October 2025, buildings must also meet minimum requirements.

Investment Opportunities with Professional Guidance

Greece combines landscape diversity, historical substance, and economic potential. The property market has convinced for years with stability and interesting growth opportunities. For a safe property purchase, you need expert advisors who know the pitfalls and peculiarities of the real estate market in the desired region.

Whether vacation home, city apartment, or rental property: rely on competence and a trustworthy partnership when investing in the real estate market greece.