In spite of the fact that the market housing It is a great dream for Greeks because of the constant rise of pricedoes not seem to be the same for foreign buyers.
Greece is still in Europe’s most affordable countries to buy both a typical and luxury home, resulting in an attraction for overseas investors. While in recent years, the European real estate market is on the rise. Although there are now signs of ripening in several countries, with limited margins of goodwill and severe saturation phenomena, Greece continues to exhibit dynamic and growing market characteristics. Demand remains steadily increasing, prices – compared to other markets – are still considered relatively affordable, while specific areas show clear opportunities for goodwill.
However, if the income of the average Greek is taken into account in relation to the total cost of living, the image changes as the constant price rise, whether it be a purchase or a housing, even in non -tourist or less prominent areas, shows that the market is moving at a faster rate.
The Greek real estate market is constantly gaining ground on the international investment map. According to Spitogatos Insights, housing prices in our country – in addition to the most popular demands – remain significantly lower than in respective markets such as Spain, Portugal or France.
A simple example is sufficient as the average requested price for a housing in Athens is about 2,500 €/sqm, when in metropolitan centers such as Madrid or Lisbon the prices exceed 4,000 – 5,000 €/sqm. This comparative advantage explains why foreign investors – The recent stabilization of interest rates also functions as a reinforcing factor for real estate.
The Golden Visa program is still particularly important. Despite the changes made to the terms and limits of investment, the ability to obtain a residence permit by buying property remains attractive. The country’s accession to the Schengen area, its European perspective and its geopolitical stability further enhance the investment narrative.
An important advantage is, of course, tourism. Greece is firmly in the top ten top destinations in the world, with more than 33 million visitors in 2024.
Beyond the economic dimension, the quality of life acts as a strong motivation. With over 250 days of sunshine a year, mild winters, extensive coastline and a balanced lifestyle, Greece projects as an attractive place of permanent residence. It is no coincidence that it is attracted to more and more digital nomads, who with higher income than the average Greek are further enhancing the demand for homes.
Finally, the exploitation of Big Data has limited the uncertainty that has previously characterized the market. Investors now have access to real data on prices, trends and developing areas, which allows for more secure strategies and decision -making in the database rather than cases.