Vouliagmeni remains Athens’ most expensive rental neighborhood at €20.0 per square meter, as Greece grapples with soaring rental prices in 2025. Driven by a short-term rental boom and housing shortages, costs are rising nationwide, with 52% of renters spending over 30% of their income on rent, according to Alpha Bank’s study.
Real Estate
A presidential decree defining boundaries for Greek settlements under 2,000 residents has sparked backlash from property owners and lawmakers, who warn it will limit buildable land and devalue properties. The Council of State insists expansions must align with 1983 boundaries and be justified by urban planning, aiming to curb illegal sprawl while allowing structured development.
Athens Mayor Haris Doukas announced initiatives to combat the housing crisis, including affordable apartments near Omonia, rent subsidies for young adults, and renovations for vulnerable households. With rents up 90% due to overtourism, the city is auditing properties and planning a Housing Observatory to redevelop derelict buildings.
The Golden Visa program has fueled rapid growth in Greece’s real estate market, attracting investors from China, Turkey, Lebanon, the UK, and Iran. While boosting the economy, rising property prices are making housing less affordable for locals.
Greece has long charmed visitors with its sun-drenched islands, ancient ruins, and timeless Mediterranean lifestyle—but in recent years, Greek real estate has also become one of Europe’s most compelling markets for foreign investors.
Greek-Australian entrepreneurs Daniel and Georgia Contos have secured a $70 million, five-storey office building in Rosebery, Sydney, for White Fox Boutique’s new headquarters. The fashion brand, known for its stylish and affordable clothing, has grown significantly, particularly in the US market. The couple, also active in luxury real estate, is expanding both their fashion and residential investments in Sydney’s eastern suburbs.
Daniel Contos and Georgia Moore, the Greek-Australian millennial founders of White Fox Boutique, have snapped up a fifth Vaucluse trophy home for $30 million, bringing their total spend in the elite Sydney suburb to $150 million. With stunning Harbour Bridge views and a string of high-profile purchases, the couple’s property empire sparks speculation of a mega-mansion in the making.
“Donald Trump Jr.’s upcoming Athens visit has sparked speculation about the Trump Organization’s European ambitions and his ex-fiancée Kimberly Guilfoyle’s nomination as U.S. ambassador to Greece. While rumors of a ‘Trump Tower’ at the Ellinikon redevelopment persist, insiders call it unlikely—though some wonder if he’s scoping out the city for her new role
Turkish investors significantly boosted their overseas real estate investments in 2024, with the UAE and Greece emerging as top destinations. The total amount spent on foreign property rose by 20.5%, reaching $2.513 billion. This surge is driven by attractive golden visa programs, favorable investment conditions, and the desire for more profitable and stable rental income opportunities abroad.
Eleven MPs from Greece’s ruling New Democracy party have raised concerns over “aggressive” real estate and business purchases by Turkish buyers in northeastern border areas, particularly in Evros prefecture, questioning the role of “Turkish capital” and seeking government action.
A new presidential decree in Greece restricts the expansion of settlements with fewer than 2,000 residents, limiting village boundaries to areas developed before 1983 unless a scientifically backed population surge justifies growth—excluding tourism demand. Drafted by the Ministry of Environment amid a national urban planning overhaul, the measure reverses earlier attempts to legalize informal sprawl, following a Council of State ruling against unconstitutional zoning practices. While aiming to promote sustainable development, the decree has raised concerns among landowners and urban planners over its strict limits on rural housing expansion.
Tom Panos blames tradies demanding $900/day and hesitant developers for Australia’s housing crisis, citing 40-50% higher building costs and delays as key barriers in a market locking out buyers.
An iconic Greek-inspired villa at No.2/37 Duke Street in Sunshine Beach, designed with Mediterranean elements like arched windows and a belvedere, sold for $3.5 million within days of hitting the market. The property, part of a duo named after Mykonos, features three bedrooms, two bathrooms, and maximizes natural light with its off-white walls and spacious interiors.
A retro-styled house at 9 Manton St, Richmond, owned by the same Greek family since the 1970s, is now on the market with a price guide of $2m-$2.2m. This 550sq m property, rich in cultural heritage, has potential as a filming location for projects like ‘Wog Boy’ or Sooshi Mango sketches, thanks to its vintage features and nostalgic charm.
Greece ranks eighth globally for luxury real estate investment in 2024, driven by millionaire inflows and competitive pricing, with hotspots like the Athenian Riviera and emerging areas like Evia and Lefkada attracting buyers. High rental yields, government tax incentives, and sustainable features like EV charging stations make the country a top choice, despite rising prices.
Millionaires flock to Greece, drawn by tax breaks and Golden Visa, boosting real estate with 1,200 settling from 2022-2024, per New World Wealth.
Explore the latest trends in Athens’ real estate market for 2025, with detailed insights on property prices across different regions and suburbs of Attica. Discover how prices have evolved in key areas like the city center, southern, eastern, northern, and western suburbs, as well as the growing influence of foreign investors in shaping the market.
This article provides an overview of property taxes in Greece for foreign investors in 2025. It covers the taxes involved in purchasing, owning, renting, and selling property, including VAT, transfer tax, the annual ENFIA tax, special real estate taxes for companies, rental income tax, and capital gains tax. The article also explains the tax exemptions and reductions available for long-term rentals and insurance against natural disasters.
A31 Architecture, an Athens-based architectural firm known for integrating contemporary design with natural landscapes, has completed Aimasia Residence in Mykonos.
Nikos Property Group has acquired a 50% stake in Melbourne’s Northland Shopping Centre for $385 million, marking Victoria’s largest retail real estate transaction in seven years. The sale includes an exciting 30-year development plan, with potential for new homes and office space. This deal highlights the growing appeal of retail properties in Melbourne, where the city’s retail vacancy rate is the lowest among Australia’s capitals.