Q1 2026 · YEAR-ON-YEAR↗
5.7%WHY GREECE / REAL ESTATE POTENTIALMARKET DATA · 2026
THE GREEK PROPERTY MARKET
Greece,
by the numbers.
A data-led view of price growth, investment, international demand and housing supply across the Greek real-estate market.
01REAL ESTATE POTENTIALUPDATED 2026
01 / 06THE MARKET AT A GLANCE
The market,
in six numbers.
The Greek property market is no longer defined simply by recovery. Price growth, residential investment and international demand continue to shape a market that has become increasingly relevant to investors.
Q4 2025 · YEAR-ON-YEAR↗
41.2%RESIDENTIAL INVESTMENT GROWTH
Source · Bank of Greece / ELSTAT2025↗
€23.63bnTRAVEL RECEIPTS
Source · Bank of Greece2024↗
€2.75bnREAL-ESTATE FDI
Source · Bank of Greece2025↗
244.7mNON-RESIDENT OVERNIGHT STAYS
Source · Bank of GreeceQ4 2025↗
3.9%RESIDENTIAL INVESTMENT / GDP
Source · Bank of Greece / ELSTAT02 / 06PRICE MOMENTUM
Prices are still
moving upward.
Greek apartment prices increased by 5.7% year-on-year in Q1 2026. Growth has moderated from the 8.1% average recorded in 2025, but remains positive across every major geographical category tracked by the Bank of Greece.
GREECE · Q1 2026+5.7%
Apartment prices · year-on-year
Source · Bank of Greece · provisional Q1 2026 dataQ1 2026
ANNUAL CHANGEGreece vs European Union
Greece5.7%
European Union5.1%
EU · Eurostat · Q1 2026
REGIONAL PERFORMANCE
Bank of Greece · Q1 2026Growth was broad-based.
Other areas of Greece+6.9%
Thessaloniki+6.4%
Other cities+5.4%
Athens+5.2%
03 / 06CAPITAL FORMATION
Investment is
coming back.
The recovery of residential construction and investment is one of the clearest signals that the Greek housing market is moving beyond simple price appreciation.
RESIDENTIAL INVESTMENT+41.2%
Q4 2025 · year-on-year
WHY IT MATTERS
More capital is flowing into the residential side of the economy.
Residential investment increased by 41.2% year-on-year in Q4 2025 and reached 3.9% of GDP. This points to a substantial increase in residential capital formation.
Source · Bank of Greece / ELSTAT · Q4 2025OF GDP
Residential investment as a percentage of Greek GDP in Q4 2025.
REAL-ESTATE FDI
Foreign direct investment in Greek real estate, according to Bank of Greece data.
OF TOTAL FDI
More than 45% of Greece's €6bn direct-investment inflow was directed towards real estate.
04 / 06DEMAND VS SUPPLY
Demand is strong.
Supply is catching up.
Greece combines substantial international demand with a housing supply that remains below the European average. Together, these forces help explain the market's recent price behaviour.
DEMAND01
€23.63bnTRAVEL RECEIPTS · 2025
244.7mNON-RESIDENT OVERNIGHT STAYS · 2025
+6.4%INBOUND TRAVELLER GROWTH · 2025
Source · Bank of Greece · 2025 travel services dataSUPPLY02
60%OF EU AVERAGE
Housing investment remains structurally constrained.
The European Commission reports that housing supply is constrained by years of sluggish housing investment, which has only started to grow since 2020 and remains at around 60% of the EU average.
Source · European Commission · Greece Country Report 202605 / 06ATHENS IN CONTEXT
Athens in the
European context.
Prime residential capital values put Athens below several major European capitals in Savills' 2025 World Cities Prime Residential Index.
PRIME RESIDENTIAL CAPITAL VALUE
Savills Research · 2025€ / m²
Paris€18,600
Milan€15,000
Rome€14,300
Lisbon€13,800
Athens€11,600
Berlin€11,400
Madrid€11,000
Prime residential capital value is a market comparison indicator, not an average residential transaction price.
06 / 06A BALANCED VIEW
Strong signals.
Selective decisions.
The data supports a compelling market story — but it does not remove the need for careful property selection, financial analysis or technical due diligence.
01↗
PRICE MOMENTUM+5.7%Greek apartment prices continued to rise in Q1 2026, although at a slower pace than during the strongest years of the recent cycle.
02↗
CAPITAL FORMATION+41.2%Residential investment increased sharply in Q4 2025, reaching 3.9% of GDP.
03↗
INTERNATIONAL DEMAND€23.63bnTravel receipts reached a new high in 2025, reinforcing the importance of international demand to the Greek economy.
!
IMPORTANT MARKET CONTEXT
Growth does not mean every property is a good investment.
The European Commission reports that housing affordability has deteriorated and that recent price developments show signs of overvaluation. Market-wide indicators therefore need to be combined with property-level analysis before an investment decision is made.
Source · European Commission · Greece Country Report 2026REAL ESTATE POTENTIALTHE NEXT STEP
The market tells
only half the story.
Market data can identify where opportunity exists. The right property requires a much closer look — from technical condition and documentation to location, value and investment suitability.