Tag: property

Amid generally high real estate transaction costs across Europe, Greece maintains medium-level property transfer fees, offering a relatively attractive option for homebuyers planning to invest in European real estate. According to the latest data, the total transfer cost for purchasing property in Greece ranges from approximately 5.9% to 8%, giving it a clear advantage over […]

In recent years, older properties have attracted the most attention from homebuyers—a trend confirmed by 2024 data. According to real estate network RE/MAX Hellas, 66.1% of all property transactions nationwide last year involved homes over 20 years old, while 19.3% of buyers opted for newly built residences (no more than 5 years old). Compared to […]

The Greek government has officially launched a comprehensive digital property registration system aimed at tackling widespread tax evasion in the real estate sector. The system addresses a long-standing regulatory loophole where properties are declared as “vacant” but continue to consume utilities like water and electricity. Spearheaded by Minister of Digital Governance Dimitris Papastergiou, the “Unified […]

Amidst growing tourism demand, Greece’s short-term rental market officially surpassed the milestone of one million beds in April 2025—three months earlier than in 2024—marking a pivotal moment in the reshaping of the country’s accommodation landscape. According to data released by the research institute of the Greek Tourism Confederation (INSETE), the number of beds available on […]

In the first quarter of 2025, residential property prices in the northern suburbs of Athens continued their upward trajectory. The latest data reveals that the average price in the area has reached €3,222 per square meter, representing a 7.4% increase compared to €3,000/m² in the same period of 2024. This rise is primarily driven by […]

More and more diaspora Greeks invest back in their homeland, as the search for a quality lifestyle meets the opportunities of the Greek real estate market. Behind every purchase, there is something deeper: A need to go back to the roots. As Corina Saia, CEO of a real estate company, reports, in recent years there […]

To strengthen oversight of the real estate market and curb tax evasion, Greece’s Ministry of Finance is promoting a major reform: starting in 2026, rent payments will be completely prohibited in cash and must be made through bank transfers. This new regulation will apply to all residential and commercial leases nationwide. Important Notice for Landlords […]

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, […]

Investors from countries in Western Europe have increased their purchases by up to 103% Buyers from the European Union are becoming the driving force of foreign investment activity for the acquisition of real estate in Greece. This trend had already been evident since 2024, despite the unfavorable macroeconomic environment and the increase in interest rates, […]

At a time when housing costs have skyrocketed across Greece, official tax data reveal a widespread phenomenon of tax evasion in the rental sector. The discrepancy between the amounts declared in tax returns and the actual prices prevailing in the real estate market is indicative. According to data drawn from taxpayers’ declarations for the years […]

Turks and Cypriots considerably increased their investment in Greek property last year The increase in foreign investment in the Greek realty market was considerable in 2024, reaching a new all-time high mainly thanks to the increase in inflows from European countries. According to Bank of Greece data, a total of 990 million euros flowed in from […]

Last year residential rates expanded by 8.7% from 2023 across Greece, per the central bank House prices showed an increase of 6.6% nationwide and 6.2% in Attica in the fourth quarter of 2024, according to the indices compiled by the Bank of Greece. The growth rate continued to slow in Q4 although it certainly remains […]

Greece’s real estate sector now accounts for nearly half of all investment from abroad Realty has become Greece’s primary magnet for foreign capital, with nearly half of all foreign direct investment (FDI) over the past two years flowing into property acquisitions, particularly residential realty. According to a recent analysis by the Center for Planning and […]

Mercan Asia thrilled to announce our entry into the Greek market with Mercan’s first flagship mega project in Piraeus – The Athens Port Residence. This 30,000 sqm complex, featuring 408 residential and retail units, is the largest project ever under the Greece Golden Visa Program. It offers a unique opportunity for international investors to secure […]

Foreign buyers in Attica are opting for larger and more expensive homes compared to local Greek purchasers, according to a study by Spitogatos.gr presented by its CEO, Dimitris Melachrinos, during a recent MORE Group event. The study reveals that foreign buyers search for homes with an average asking price of €231,625, exceeding the €216,688 sought […]