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real estate in greece

Investors Continue to Drive Real Estate in Greece

The real estate market in Greece remains highly active and continues to develop primarily as an investment-driven sector. The majority of transactions in 2025 were not related to the purchase of owner-occupied housing, but rather to investments in commercial and income-generating properties, further reinforcing the investment profile of real estate in Greece.

According to data from the Independent Authority for Public Revenue (AADE), property transactions totaling approximately €23.5 billion were recorded over the past year. These figures are based on values declared in purchase and sale contracts submitted through the myProperty digital platform and mainly reflect the so-called objective (taxable) values. Market experts note that actual transaction prices in the Greek real estate market were significantly higher.

Statistics confirm that commercial real estate, holiday homes, and apartments acquired for investment purposes remain the dominant segments of real estate in Greece. The share of primary residences continues to be relatively limited. Nevertheless, compared with 2024, purchases of first homes increased, a trend largely attributed to government housing support initiatives, particularly the “My Home 2” program.

An analysis of AADE data shows that around €19.2 billion of the total transaction value in 2025 related to transfers without any tax exemptions. These transactions typically involve investment properties, including commercial assets, vacation homes, and apartments purchased not for permanent residence. First-home purchases accounted for only about one-seventh of all transactions within the broader real estate in Greece sector.

In total, 170,664 property transfer declarations without tax exemptions were filed by notaries through the myProperty platform, generating €577.1 million in property transfer tax revenue. However, the number of such transactions declined compared to the previous year, mainly due to the continued rise in prices across real estate in Greece.

Despite the high transaction volume, bank financing continues to play a limited role. New mortgage lending amounted to just €2.5 billion, making overall property sales in real estate in Greece nearly ten times higher than the volume of newly issued housing loans. This highlights the fact that a significant share of market activity is still financed through investors’ own capital.