According to the latest data from the Bank of Greece, the Greek real estate market maintained significant momentum throughout 2024, attracting notable interest and investments from both domestic and international sources. Property values followed an upward trend during the entire year, with premium properties leading the way in terms of price increase. Investor demand spanned across all property categories, while demand for assets meeting contemporary standards continued to exceed the available supply.
However, the market’s ability to meet the demand was challenged by a combination of factors. In particular, the general geopolitical instability, combined with the increased cost of energy and materials, have a direct impact on construction activity and, consequently, on the supply of new assets to the market. Taking the above into account, real estate prices, especially residential, are expected to continue to rise in the upcoming period, given that demand from both Greek and foreign investors is not expected to decline.
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