Greek Real Estate Market Value Surpasses €777.8 Billion for the First Time

• 31 May, 25

Following a period of strong growth, Greece’s real estate market set a new record in 2025, with the total value of properties nationwide reaching €777.8 billion—an increase of €5.9 billion compared to 2024. This growth reflects the ongoing upward trend in the real estate market and the renewed confidence of investors.

Attica Leads the Nation, Half of All Property Value Concentrated in One Region

As the economic and population center of Greece, Attica continues to dominate the real estate market. This year, the total property value in the region reached €410.9 billion, up nearly €1.5 billion from last year, accounting for roughly half of the national total.

Other Regions Also Show Strong Performance

• Central Macedonia ranks second with €101.92 billion in property value, marking a €1.7 billion increase in a year.
• Crete ranks third with a total value of €42.1 billion, growing by nearly €700 million.
• Thessaly (including Larissa, Magnesia, etc.) remains stable at €33.1 billion, showing a slight uptick.
• The Peloponnese reached €31.8 billion, up about €300 million from last year.
• Western Greece (covering Achaea and two other areas) rose from €28.55 billion to €29.25 billion.
• The South Aegean islands’ property value hit €25.8 billion, an increase of €200 million.
• Eastern Macedonia and Thrace rose to €23.89 billion, up €190 million.
• Epirus, the Ionian Islands, and the North Aegean also recorded various degrees of growth—€270 million, €240 million, and nearly €90 million respectively.
• Western Macedonia, although showing only a €40 million increase, still posted positive growth.
• Central Greece the Only Region with a Slight Decline
• The only exception was Central Greece, where property value dipped slightly from €22.99 billion to €22.8 billion.

Property Tax Revenue on the Rise, Government Encourages Insurance with Tax Incentives

According to the latest data from Greece’s Independent Authority for Public Revenue (AADE), real estate tax revenue in 2025 is projected to reach €2.34 billion, with an additional €355 million in supplementary levies. Around 6.1 million taxpayers have already contributed nearly €1.74 billion.

At the same time, to enhance resilience against natural disasters, the government has introduced tax incentives for property insurance, allowing policyholders to deduct up to 20%. In 2025, over 359,000 homeowners benefited from these deductions, with total tax relief amounting to €21 million—an average of approximately €59 per person.

Greece’s real estate market remains on an upward trajectory, particularly in major cities and regions rich in tourism assets, which continue to attract significant investor interest. Despite limited increases in some areas, the overall trend highlights the market’s enduring appeal, with policy incentives injecting new momentum into the sector.

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