The Greek real estate market is heading for its most dynamic year in the last fifteen years, according to new analysis by eXp Greece based on data from the European Central Bank. The company predicts that residential sales in 2025 will increase by 2.2%, raising the annual transaction volume to the highest point since 2009, with the country’s tourism profile “bonus” the upward performance of the real estate market.
This positive forecast comes to seal an impressive recovery. In the pre-pandemic era, the market had already recorded five consecutive years of growth in terms of annual transactions.
Despite the plunge in 2020, when restrictions led to a -22.6% drop, the market’s recovery was rapid: in 2021, transactions skyrocketed by 40.1%, followed by further increases of 7.2% in 2022 and 8.8% in 2023. An additional 5.8% increase is estimated for 2024, setting the stage for new records in 2025.
According to eXp Greece, the market’s revival is due to a combination of factors, such as strong international demand, the continued attractiveness of seaside and “lifestyle” locations, as well as government programs such as the Golden Visa that attract capital from abroad and strengthen the country’s profile as an investment destination.
Adam Day, head of eXp UK & Europe, notes that the Greek market has “transformed dramatically over the last decade” and is now “one of the most resilient and attractive in Europe.” Although annual growth rates are showing signs of slowing, he stresses that even small increases are significant when added to an already very strong base, estimating that activity will reach levels not seen since 2009.
