Real Estate in Greece
Last Update September 30, 2024
There has been a massive increase of foreign investment into real estate in Greece over the last several years, much of it linked to the "Golden Visa" program which is reported to have had a recent 740% increase in applications.
For more see the Moving to Greece page
Important Real Estate in Greece Links
For the foreign buyer interested in obtaining a home in Hellas
Spitogatos.gr English - Spitsogatos Greek
Spourgiti - Greek
Tranio Greece – English
Remax Greece - English
Understanding Antiparochi and Polykatoikia
- Αντιπαροχή (Antiparochi):
- Antiparochi refers to a type of property exchange or swap. It involves two parties exchanging their properties or lands, often to consolidate their holdings or to meet specific needs. It is also used to describe how a property owner may give up an old house so that they may acquire a new apartment in a building replacing their former property, a practice that grew out of the need for housing during periods of internal migration into Greek cities..
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Πολυκατοικία (Polykatoikia):
- Polykatoikia translates to "apartment building" or "multi-storey building" in English. It is a term used to describe a building with multiple floors or levels, typically designed to accommodate multiple residential units or apartments. It was popularized by the modernization of residential infrastructure and the onset of improved living standards within Greece.
About Ellinikon One of the prime spots along the coast in the southeast of Athens where the Greek "Riveira" is being built.
MEDIA REPORTS 2024
How energy costs effects real estate prices around Athens
September 25, 2024: Story at Powergame [Greek]
Beginning September 30 the applications for acquisition of State-owned real estate
September 3, 2024: Story at Athina984 [Greek]
The most inexpensive places in Greece for buying and renting
August 20, 2024: Story at Powergame [Greek]
Real estate prices in northern suburbs increasing twice as fast as the south
July 15, 2024: Story at Kathimerini [Greek]
A new online database of landlords and tenants linked to the Land Registry list
June 10, 2024: Story at Naftemporiki [Greek]
Sampling of "hot" million pound properties for sale in the Cyclades islands
June 8, 2024: Story at Financial Times [English]
The August 31 change to Greece's Golden Visa Program and the cost increase for real estate purchases
June 1, 2024: Story at Asian News International [English]
Foreign purchaser average mortgage at €220,000
May 27, 2024: Story at Imerisia [Greek]
Seaside houses along Attika are "gold mines"
May 26, 2024: Story at Imerisia [Greek]
The schedule for auctions of 20,000 properties
May 25, 2024: Story at Powergame [Greek]
Where are the record highs in real estate
March 31, 2024: Story at Naftemporiki [Greek]
The neighborhoods of Athens and which are rising fastest in real estate prices
March 12, 2024: Story at Iefimerida [Greek]
Real estate moving toward new high
March 12, 2024: Story at Kathimerini [Greek]
Giant increase of hotel development in Greece
March 2, 2024:Story at Forbes [English]
Buying and renting homes: the most expensive areas
January 4, 2024: Story at Iefimerida [Greek]
MEDIA REPORTS 2023
No more real estate transactions to be done with cash
November 16, 2023: Story at Ta Nea [Greek]
Why does Greek real estate continue to overperform?
November 10, 2023:Story at To Vima [Greek]
The huge amount of foreign funding into real estate in 2023
November 5, 2023: Story at Capital [Greek]
The most expensive (and the cheapest) real estate in Greece
October 12, 2023: Story at Powergame [Greek]
Expats are investing into Greek real estate
October 8, 2023: Story at Iefimerida [Greek]
Housing crisis with real estate at record levels
October 2, 2023: Story at Kathimerini [Greek]
Foreign buyers spending more and more in Cyclades
August 5, 2023: Story at Imerisia [Greek]
Real estate transfers, step by step
July 30, 2023: Story at Eleftherostypos [Greek]
Re-Max research shows buyer preferences in the Greek real estate market
May 17, 2023: Story at OT Financial Post [Greek]
One of the findings is that homes built over 20 years ago are the dominant preference in detached housing.
Property auctions halt until after election
May 3, 2023: Story at Keep Talking Greece [English]
220,000+ square meters of new retail space coming to real estate market
May 3, 2023: Story at OT Financial Post [Greek]
How foreign buyers and short-term rentals are pushing rising costs in Athens
April 19, 2023: Story at To Vima [Greek]
Real Estate continues climb
April 16, 2023: Story at Liberal [Greek]
Greek real estate "on fire" as prices rise
April 11, 2023:Story at OT Financial Post [Greek]
Temporary freeze on Real Estate auctions
April 7, 2023:Story at Powergame [Greek]
The changing of the Golden Visa program
March 10, 2023: story at OT Financial Post [Greek]
X-ray of the real estate market
March 5, 2023: Story at Imerisia [Greek]
The article discusses properties owned by Intercontinental International, BriQ Properties, Premium Properties, Trade Estates, Trastor, Noval Property and Prodea Investments
Telecommuting is radically changing the commercial real estate market
Feb 25, 2023:Story at OT Financial Post [Greek]
The affect of rising construction costs on real estate
January 27, 2023: Story at OT Financial Post [Greek]
The new electronic Real Estate transfer system to contain 17 supporting documents needed by notory
January 20, 2023: Story at Capital [Greek]
Chinese investment into Greek real estate rising
January 10, 2023: Story at OT Financial Post [Greek]
The continued expected rise in Greek Real Estate values
January 8, 2023: Story at OT Financial Post [Greek]
2022
The impact of the large numbers of empty homes upon real estate costs
December 21, 2022: Story at Kathimerini [Greek]
The changes in real estate management
December 11, 2022: Story at Imerisia [Greek]
New real estate "objective value" listings released
November 29, 2022: Story at Kathimerini [Greek]
Most active investors in Greek real estate are Germans, Americans and Britons
October 26, 2022: Story at Kathimerini [Greek]
Expectations for real estate pricing drops
October 14, 2022: Story at OT Financial Post [Greek]
Real estate objective property price plan coming
October 10, 2022: Story at Protothema [Greek]
The real estate auctions for Fall 2022
Story at Imerisia [Greek]
September 19, 2022
Electronic Building Identity irregularities can stop transfers
Story at OT Financial Post [Greek]
August 23, 2022
Real Estate and the fine print in contracts
Story at Eleftherostypos [Greek]
August 11, 2022
Real estate transfers, step by step
Story at Eleftherostypos [Greek]
July 30, 2022
Rent and sale prices on real estate continues climb
Story at Kathimerini [Greek]
July 16, 2022
Alpha Bank tracking shows rate of Real Estate increases
Story at OT Financial Post [Greek]
July 8, 2022
Real Estate trends indicate demand grows for "studio" properties
Story at OT Financial Post [Greek]
June 24, 2022
The demand for "luxurious and ultra-luxury" homes is at the forefront of Real Estate demand
Story at Liberal [Greek]
May 7, 2022
Interest rates and the rising problems with real estate
Story at Liberal [Greek]
June 19, 2022
New Real Estate Acquisition and Leasing system goes live in 15 days
Story at Imerisia [Greek]
April 25, 2022
What can you get by spending 150,000 euros in the current housing market?
April 18, 2022: Story at Kathimerini [Greek]Rapid acceleration in real estate prices
Story at OT Financial Post [Greek]
March 29, 2022
The most expensive areas of Athens for real estate rent and sales
Feb 19, 2022: Story at Imerisia [Greek]
Buying property in the Peloponnese
Heracles, Helen of Troy, Dutch royals . . . join the region’s illustrious residents from €150,000
February 18, 2022: Story at The Times UK [English]
House buying in Greece
[...with] increase in rents and the strong demand from Greeks and foreigners for housing... If we take into account that the sale price per sq.m. for relatively old apartments and in areas considered "affordable", it ranges from 1,300 to 1,500 euros and corresponds to the monthly earnings of a well-paid, to some extent, employee, it is understood why all roads seem to lead to housing. In other words, it takes about six years to save all the earnings - that is, without the employee incurring any living expenses - to acquire an apartment worth 90,000 euros with an area of 70 sq.m.
October 3, 2021: Story at Liberal [Greek]
House-Hunting in Greece
September 23, 2021: Mostly a focus on luxury homes. Story at New York Times [English]
While Greece has long been popular with foreign buyers, the Greek government has enacted policies designed to keep the market competitive. A residency-by-investment program, known as the Golden Visa, launched in 2013 and ties a residency visa to a 250,000-euro ($293,000) property investment or 400,000-euro ($470,000) financial investment in Greece.
High activity of real estate transfers this summer
August 28, 2021: Story at Imerisia [Greek]
Home buying opportunities for less than 100,000 euros
In 2020, there was a decrease of -8.3% in the demand for real estate for rent and by -2.2% in terms of demand for purchase. A few months later, however, not a few citizens started the "safari" again to buy or rent . From the data of Spitogatos published by iefimerida.gr, it appears that the demand for properties for sale throughout the country increased by 61%, while for rent by 30%.
June 21, 2021: Story and data at Iefimerida [Greek]
June 8, 2021: The ten most expensive real estate areas of Greece
Story at Imerisia [Greek]
May 12, 2021: Plans for "Athenian Riviera" to change landscape of Greece
Story at Imerisia [Greek]
May 11, 2021: Mandatory for real estate transactions to go online soon
Story at Imerisia [Greek]
May 1, 2021: here rents are up and down in Attika
Story at Imerisia [Greek]
April 9, 2021: Changing Athens around Ymittos and the creation of an 80 acre park
Story at Business Daily [English]
March 3, 2021: Electronic real estate transfer system
Story at Ta Nea [Greek]
Jan 9, 2021:Real estate taxes "explode"
Story at EFSYN [Greek]
News Media on Greece Real Estate
June 2020: New York Times: Sugar cube homes on Mykonos seeking buyers...
June 2020: The Irish TImes: What will €199,000 buy in Greece
May 2020: Tovima [Greek]: Real estate increases expected to continue
January 2020: Naftemporiki [Greek]: 2019 marked recovery underway in Thessaloniki real estate market?
January 2020: Iefimerida [Greek]: The VAT suspension measure aims to rejuvenate the real estate market
Sept 2019: Tanea [Greek]: Staikouras speaks on tax relief, real estate, debt settlement
December 2018: Greek Reporter: Chinese Nationals buying increasing amounts of Greek property
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International Real Estate
Buying Real Estate Overseas For Cash Flow (And A Better Life): Get Started With As Little As $50,000
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Greece: Biography of a Modern Nation - AMAZON - Published March 2020 - 600 Pages
Greece's Golden Visa program