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Greece’s Real Estate Market Is Growing Steadily

1. Greece’s Real Estate Market Is Growing Steadily

After a decade of economic hardship, Greece’s real estate market began its rebound around 2017, and the upward trend has been consistent ever since.

According to the Bank of Greece, house prices have been rising steadily for the past several years, with Q3 2024 showing a 7.29% year-over-year increase across the country.

  • In Athens, property prices rose by 7.66%
  • In Thessaloniki, the increase reached 12.11%

Source: Global Property Guide – Greece Price History

This continuous growth highlights investor confidence and the increasing demand for property across urban and coastal areas in Greece.

2. Property Prices Are Still Affordable Compared to Western Europe

Despite the ongoing price increase, real estate in Greece remains far more affordable than in most Western European countries.

  • In Athens, the average property price per square meter is around €2,200–€2,800, depending on the location
  • Compare this to Barcelona, Paris, or Rome, where similar properties start at €5,000–€10,000 per square meter

Source: Numbeo Property Prices Comparison – 2024

This affordability allows investors—especially from markets like Lebanon—to enter the European property market without the need for millions in capital.

3. Residency by Investment Through the Golden Visa Program

Greece’s Golden Visa program continues to attract interest from Lebanese and non-EU investors seeking both EU residency and secure property ownership.

  • The program allows you to obtain residency by purchasing property starting from €250,000 (in selected zones)
  • It offers 5-year renewable residency and access to the Schengen Area
  • Family members (spouse, children, and parents) can be included in the application

Source: Enterprise Greece – Golden Visa

This is a valuable option for those seeking mobility, stability, and a plan B without relocation requirements.

4. Greek Lifestyle, Location, and Tourism Demand Add Value

Investing in Greek property isn’t just a financial move—it’s a lifestyle upgrade.

  • Greece enjoys a Mediterranean climate, rich culture, and a high standard of living
  • Real estate in coastal towns like Loutraki, Corinth, Amoni, and Pefkali are especially in demand for vacation rentals and summer homes
  • With over 30 million tourists annually, there is rising demand for short-term rental properties in key regions

Source: Bank of Greece – Tourism Data

5. Why It Makes Sense for Lebanese Investors

With Lebanon’s currency instability, limited banking flexibility, and regional uncertainties, investing abroad—especially in a Eurozone country—offers:

  • Currency protection (Euro)
  • EU asset ownership in your name
  • Safe, growing real estate market
  • Residency pathway for you and your family
  • Rental income potential or resale at a higher value

Final Thoughts

Whether you’re seeking financial stability, a second home in Europe, or a Golden Visa, Greece checks all the boxes. Prices are still relatively low, the market is growing, and the legal framework supports foreign buyers.

At Olympian Keys, we specialize in helping Lebanese investors navigate the Greek real estate process with confidence—from selecting the right property to handling paperwork and Golden Visa applications.

Now is not just a good time—it’s the smart time to invest.

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