The Greek real estate market has been on a steady rise in recent years, attracting investors from all over the world. However, with recent changes to the Golden Visa program and increasing property prices, now may be the best time to make a move before values climb even higher.

Golden Visa Updates: What You Need to Know

Starting in 2025, the Greek government has raised the minimum investment thresholds for obtaining residency through property purchases. The new rules are:

• €800,000 – For high-demand areas, including Athens (Attica), Thessaloniki, Mykonos, Santorini, and islands with over 3,100 residents.
• €400,000 – For all other regions of Greece.

These changes aim to balance investment across the country, boosting growth in lesser-developed regions while preserving Greece’s architectural legacy.

The Hottest Real Estate Markets in Greece

According to market analysis by Greece Sotheby’s International Realty, the most attractive locations for luxury real estate investment in Greece today are:

• The Athenian Riviera – A blend of urban convenience and coastal luxury.

• Corfu – A stable investment thanks to its natural beauty and cultural heritage.

• Central Athens – Rich in history, with a booming rental market.

• Crete & Lefkada – Gaining popularity among international buyers.

                                                                                                                   

Interestingly, Mykonos, once the top choice for high-end investors, has dropped to sixth place in buyer demand. This shift could indicate an oversaturated market or evolving investor preferences.

Why You Should Invest Now

Property prices in Greece continue to climb. Over the past year, the average cost of residential properties has increased by 10.4%, with some areas, such as Piraeus and Corfu, seeing growth rates of 23.2% and 21.5%, respectively.

Given these trends, investing in Greek real estate now could lead to substantial returns in the future. Additionally, the updated Golden Visa rules offer new opportunities to secure residency in Greece with a lower investment threshold in select areas.

Final Thoughts

Greece presents a unique opportunity for real estate investors, offering a combination of cultural richness, breathtaking landscapes, and favorable residency programs. With property values steadily increasing and visa policies evolving, now is the ideal time to consider investing before prices rise further.

For expert advice and guidance on investing in Greek real estate, contact our team today!