Investing in Greece’s Real Estate Revival

 Investing in Greece’s Real Estate Revival

Overview

# Investing in Greece’s Real Estate Revival
Insights from Greek Exclusive Properties CEO Kostas Taralas reveal a thriving sector, driven by record tourism, foreign confidence, and government incentives such as the Golden Visa program. After a decade of economic turbulence, the country's real-estate sector is experiencing a strong recovery. According to Taralas, this growth is characterized by strong and stable demand across both residential and investment-grade properties.

## Overview
The Greek property market has become one of the most dynamic sectors of the national economy. In 2024, total real-estate transactions surpassed €23 billion, confirming a surge of activity not seen since before the financial crisis. Property prices rose an average 9 percent during the first nine months of 2024, with an 8.8 percent increase in Athens and 12.5 percent in Thessaloniki, reflecting sustained domestic and international interest in property in Greece. Despite this growth, prices remain relatively low compared with other European capitals, making property in Greece an attractive option for investors.

## Strong Momentum and Rising Prices
Taralas explains that Greek real estate still offers excellent value, even after seven years of steady increases, with homes costing less than in most EU countries. This makes property in Greece particularly attractive to investors from Europe, the Middle East, and North America. The country's positive economic trajectory is further supporting the boom, with Greece's GDP growing about 2.1 percent in 2024 and projected to expand by 2.3 percent in 2025 and 2.2 percent in 2026, consistently above the European average.

## Economic Growth and Tourism Demand
Tourism has reached historic highs, creating strong demand for holiday villas, boutique hotels, and short-term rentals. Properties on islands such as Santorini, Mykonos, and Crete are increasingly being bought not only as investments but as second homes by foreign buyers. The Golden Visa program continues to attract third-country nationals seeking access to Europe, stimulating Foreign Direct Investment and boosting the demand for property in Greece.

## Key Investment Drivers
According to Taralas, Greece offers a blend of affordability, lifestyle, and strategic location unmatched in the Mediterranean. Investors can own a seafront villa with panoramic views, enjoy 320 days of sunshine per year, and benefit from one of the EU's most straightforward residency programs. The Golden Visa program is a key driver of investment in property in Greece, offering a unique opportunity for foreign investors to gain residency in Europe.

## Sustainability and the Future of Building
Greece is embracing the global shift toward sustainable development, with modern investors looking for energy-efficient and eco-certified properties. New projects integrate renewable energy, water-saving systems, and environmentally friendly materials, enhancing long-term value and positioning Greece as a leader in green luxury housing. This focus on sustainability is expected to drive growth in the property market, with investors seeking eco-friendly properties in Greece.

## Megaprojects Transforming the Market
Several large-scale developments are reshaping Greece's real-estate landscape, including The Hellinikon Project on Athens' south coast, featuring high-end residences, hotels, luxury retail, and the Riviera Tower, the country's tallest green skyscraper. Other notable investments include the redevelopment of the Hilton Athens into a world-class hospitality and residential complex and the upcoming Aenaon Metropolitan Park, a 570-acre coastal green space with trails, sports facilities, and cultural venues.

## What Investors Seek
Foreign and local investors alike are focusing on sectors with high return potential, including the tourism industry, logistics warehouses near Athens, bioclimatic office spaces, and data-center infrastructure. Luxury villas, seafront estates, and branded residences remain the most requested categories, driving demand for property in Greece. As the market continues to grow, investors are expected to seek out high-quality, sustainable properties that offer a strong return on investment.

## Challenges and Opportunities
Taralas acknowledges that challenges remain, including geopolitical uncertainty, rising construction costs, and taxation for domestic buyers. However, he sees opportunity in improving the quality of high-end supply, with international investors demanding ultra-luxury standards, private gyms, smart automation, and energy-class A certifications. Developers who deliver these standards will define the next decade of growth in the property market in Greece.

## A Confident Outlook
Looking ahead, Taralas is optimistic, stating that Greece is no longer an emerging destination, but an established luxury property market competing with Spain and Portugal. With its unparalleled landscapes, resilient economy, and investor-friendly environment, the future of property in Greece looks bright, offering investors a unique opportunity to invest in a thriving and sustainable market. As the demand for property in Greece continues to grow, investors can expect strong returns on their investment, driven by the country's unique blend of affordability, lifestyle, and strategic location.

Napoleontos Zerva, Glifada Athens

Athens, Santorini, Mykonos, Crete, Paros, Corfu, Naxos

+306975629519


info@greekexclusiveproperties.com


ktaralas@msn.com