Economic stabilization, GDP growth, an influx of tourists, and interest from foreign investors are key factors driving the Greek real estate market and sustaining price increases.

According to the Bank of Greece’s Interim Monetary Policy Report for 2024, the outlook for the real estate market remains positive. However, experts emphasize a cautious approach, especially in the commercial real estate segment.

Ioannis Revitiss, honorary president of the Attica Realtors Association, noted: “The year 2025 will bring noticeable changes due to initiatives by the Ministry of Finance, which will impact the real estate sector.”

"Home for Me 2" Program: Supporting Over 20,000 Households

Revitiss highlighted three main issues that may transform the market:

• Stricter regulations for non-EU citizens applying for residence permits.

• New measures restricting short-term rentals.

• Changes in construction standards, which could deter investors.

However, the market also sees positive developments: the extension of VAT and capital gains tax exemptions, and the continuation of the “Home for Me 2” program. This initiative will enable more than 20,000 households to purchase their first homes through low-interest mortgages. Another parallel program will allow homeowners to carry out energy efficiency upgrades with interest-free loans of up to €25,000.

High-Potential Investment Areas

Price increases in 2025 are expected to be most significant in the following real estate categories:

• Older residential properties in central Athens.

• Industrial facilities in suburban areas.

• Land plots outside urban plans, allocated for industrial and warehouse facilities.

• Housing on smaller islands and popular tourist destinations with airports.

• Energy-efficient office buildings with modern certifications.

• Land with high development coefficients in northern and southern Athens suburbs, as well as luxury countryside villas in tourist zones.