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Thessaloniki Real Estate Market 2025: Price Growth, Rentals, and Investor Benefits

Discover the Thessaloniki real estate market in 2025: property price growth, rental demand, and investment opportunities in Northern Greece.

Thessaloniki is the second largest city in Greece and the true center of Northern Greece. The city is rapidly developing and steadily gaining the reputation of being one of the most attractive locations for real estate investment in Europe. Based on the latest market data, here are five key reasons why now is the right time to consider buying property in Thessaloniki.


1. Stable Growth of Housing Prices

Over the past few years, the market has shown impressive dynamics:

  • Since 2019, property values have increased by more than 80%.

  • In 2023 alone, growth reached 7.6%.

  • In 2025, the average price is around €2,200 per m², with forecasts of an additional 5–7% annual increase until 2026.

📈 This confirms the market’s resilience and strong potential for capital appreciation.


2. Attractive Rental Yields

Thessaloniki is attracting more and more tenants — from students and young professionals to tourists and expats.

  • Average rental yields are around 6% annually.

  • Rental rates are expected to rise further due to limited supply and stable demand.

💡 For investors, this means steady income combined with property value appreciation.


3. Infrastructure Development

The city is undergoing a major infrastructure boom:

  • In 2024, the first metro line was launched, reducing traffic congestion in the city center by 15% and boosting commercial activity by 30%.

  • The modernization of the waterfront and the expansion of the port are further strengthening the city’s business and tourist appeal.

🚇 These projects make properties near transport hubs especially valuable and highly liquid.


4. Tourist and Educational Appeal

Thessaloniki is a cultural hub with a rich history, a thriving gastronomy scene, and vibrant nightlife. The city hosts hundreds of thousands of tourists every year, as well as students from Greece’s leading universities.

  • Tourism ensures high demand for short-term rentals (Airbnb, etc.).

  • Students and young professionals create a stable long-term rental market.

🏡 This combination makes Thessaloniki’s rental market both flexible and resilient.


5. Affordability Compared to Other Cities

Despite rising prices, Thessaloniki remains more affordable than Athens or other major European capitals. This allows investors to enter the market under more favorable conditions while enjoying strong growth potential.

💶 Lower entry costs, combined with continuous price growth, make Thessaloniki particularly attractive for those who want to optimize their investments.


Conclusion

Thessaloniki combines:

  • stable price growth,

  • strong rental demand,

  • major infrastructure projects,

  • tourist and educational appeal,

  • and affordability compared to other cities.

📌 For investors, this means double benefits: capital appreciation and steady rental income. Today, Thessaloniki is one of the most promising real estate investment destinations in Greece and Europe.


👉 Follow this link to see all current real estate listings available in Thessaloniki.