Foreign nationals in pursuit of luxury seafront residencies make up 50% of the current real estate investment pie in Greece, reaching a record €2.133 billion, according to recent data from BoG. A notable example is their high interest for new dwellings in Ellinikon: 30% of home buyers in Little Athens, the new seaside sustainable luxury neighborhood currently under construction on the Athenian Riviera, are international citizens hailing from Israel, Turkey, Bulgaria, the United Kingdom, France and the Netherlands, driven by the Golden Visa program benefits of 5-year residency permits and valuable European Union passports. In the neighboring Glyfada, villa prices start at €8,000 per square meter, while the same upward trend continues in Voula and Vouliagmeni, with prices ranging from €7,000 to €9,000 per square meter.

Nevertheless, foreign investor interest isn’t just limited to coastal properties; there is also increasing demand for premium residencies in downtown Athens and the more affluent, northern suburbs. Smaller high-end homes in the Maroussi area start from €3,000 per square meter, while iconic Athenian neighborhoods in the center such as Kolonaki, updated one-bedroom units go up to €6,000 per square meter.