The Greek real estate market is thriving, with sales prices on a steady upward trend and demand spreading into both established and emerging regions, presenting lucrative opportunities for investors across the country.
While Athens’ southern suburbs remain a major attraction for investors, attention is increasingly shifting toward regional areas like Chania and Lefkada. Known for their natural beauty, flourishing tourism, and high return potential, these locations are gaining popularity as prime investment destinations.
Recent figures reveal that the average sales price rose by 7.9% compared to the fourth quarter of 2023 and by 2.2% relative to the previous quarter. Rental prices, while showing a 5.8% annual increase, have stabilized over the last quarter, reflecting a balance between demand and supply.
Significant growth in sales prices has been recorded in specific neighborhoods, including Tambouria-Agia Sophia (+27.6%), Ano Patisia (+25.5%), and Drapetsona (+23.2%) in Attica. In Thessaloniki, areas like Menemeni (+22.0%) and Voulgari-Depot-Martiou (+20.0%) have also seen notable increases.
In Attica, Vouliagmeni emerges as the most expensive area for purchasing a home, with an average asking price of €7,216 per square meter, followed by Voula, Glyfada, Kolonaki-Lykavittos, and Elliniko. The rental market shows a similar pattern, with Vouliagmeni holding the highest average price at €19.9 per square meter, while areas like Filothei, Kolonaki-Lykavittos, and Vari-Varkiza complete the list.
In Thessaloniki, the most expensive areas for home purchases are Kalamaria (€2,917 per square meter), the city center (€2,778 per square meter), and Pylaia (€2,634 per square meter). In the rental sector, the highest prices are recorded in the city center (€10.5 per square meter), followed by Vardaris-Lachanokipoi and Ano Poli.
These patterns underscore the ongoing diversification of Greece’s real estate market, with coastal and tourist areas emerging as key players alongside urban centers.
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