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reece's real estate market is expected to maintain its upward trend in 2025, following seven years of rising property prices. However, industry experts predict a slower pace of growth, signaling a shift away from the rapid expansion seen since 2017.
Despite a significant increase in property prices nationwide by 53.8% and in Attica by 71.1% between 2017 and 2023, growth has moderated in 2024. Apartment prices in major cities have risen below 11%, with even smaller gains for properties overall.
Industry insiders note that buyers are becoming more discerning, while Greek property prices remain competitive for international investors. Lefteris Potamianos, CEO of Potamianos Real Estate Group, anticipates a period of stability without drastic fluctuations in prices. He expects transaction volumes to decline, but deals will occur at high price points.
Properties in regional markets, such as the Northern and Southern Aegean islands, can still be found for attractive prices, making them an option for buyers, particularly foreigners. A key challenge for brokers is managing sellers' expectations, as unrealistic valuations can hinder sales.
As 2025 approaches, Greece's real estate market is poised for a year of steadier growth, marked by fewer but higher-value transactions and sustained interest from international investors in untapped regional markets.
