Growth, location and a diversifying economy: Greek real estate offers opportunity

From residential property to leisure accommodations, from commercial real estate to logistics facilities, Greek real estate continues to offer opportunity.

While Greek property prices have recovered from their lows during the financial crisis, they remain far below those of other major European markets. Residential prices in Athens, for example, average €2,500 per square meter, less than half that of European capitals like Berlin or Paris, and well below other Mediterranean cities like Lisbon or Barcelona. Prices for Greek commercial and industrial real estate compare favorably with other European locations.

Meanwhile, Greece has become one of the fastest growing economies in Europe. And it is experiencing unprecedented levels of foreign direct investment from major multinationals, attracted by the country’s vibrant tourism sector, its expanding role as a regional hub, and its increasingly diversified economy.

According to the latest available data, Greece welcomed a record 37.98 million visitors in 2025, marking a 5.6% year-on-year increase, confirming its place as one of the world’s Top 10 tourism destinations. In the last five years, more than 450 new 4- and 5-star hotels have opened their doors around Greece even as the Greek hospitality sector diversifies into branded residences, assisted living facilities and student housing. Mixed-use projects, like the giant redevelopment of the old Athens airport at Hellenikon, will help transform Greece – and the Athens Riviera – into the next premier destination in the Mediterranean.

Likewise, as an emerging business hub, the Greek commercial real estate market is moving into a new phase of structural growth, driven by stable macroeconomics, strong FDI inflows, and a renewed focus on quality assets. Office space, particularly Grade A and sustainable buildings, is experiencing robust demand, rising between 3.6% and 5.9% on year over the past three years, according to Bank of Greece data.

Drawn by Greece’s geostrategic location at the crossroads of Europe, Asia and Africa, investors are earmarking more than a billion euros to build next generation, hi-tech warehouse and distribution centers. Near the Port of Piraeus – the busiest container shipping terminal in the Mediterranean – a giant new freight village is being built that will help establish Greece as the logistics hub of Southeast Europe. Another half-dozen logistics centers are planned for the area, as well as new facilities near the northern port of Thessaloniki.

To showcase the opportunities Greek real estate offers, Enterprise Greece will organize the Greek National Pavilion in the Riviera 7 hall at next month’s MIPIM property exhibition March 9-13 at the Palais des Festivals in Cannes, France.The exhibition will also host several panel discussions led by the agency and Greek companies highlighting different aspects of the Greek property market.