Where realty investments paid off most

  • 28 February, 26

One of the most profitable investment areas in recent years has been the housing market in period 2017-2018.

Comparing the picture in Attica and Thessaloniki, the most profitable was the housing market in the Municipality of Thessaloniki, where an increase of 146% was recorded from the fourth quarter of 2018 to the fourth quarter of 2025. As shown by the data from the asking sale prices of the digital classifieds platform Spitogatos.gr, from €1,071 per square meter, the average price today comes to €2,635/sq.m., surpassing even the center of Athens.

Piraeus and its suburbs come in second place on the relevant list, as they recorded a cumulative increase of 110% and 115% respectively, to €2,540/sq.m. and €2,167/sq.m.

The largest percentage of these increases was recorded in the 2023-2024 period, due to the changes made to the conditions for granting residence permits, through the “Golden Visa” program, which turned almost all foreign investors’ focus on Piraeus. The reason is it was one of the few areas in Attica where it was still possible to obtain a permit with the lowest threshold of €250,000.

Cre: Ekathimerini

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