All sources have been thoroughly verified for credibility. Furthermore, an industry specialist has reviewed and approved the final article.
Yes, the analysis of Athens' property market is included in our pack
Thinking about buying a 3-bedroom apartment in Plaka? It’s a great area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other neighborhoods like Kolonaki or Kifisia where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Greece Property Pack.
Will property prices increase in Athens in 2025?
Yes, property prices in Athens are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.
Backed by our fresh, in-depth market analysis, we’re confident that Athens remains an attractive city for both domestic and international investors.
While there are some economic challenges like inflation and rising interest rates, the main drivers behind Athens’s price growth remain strong.
Demand, especially in the central and coastal areas, continues to outpace supply, making significant price drops unlikely. Additionally, Athens's cultural and historical appeal continues to attract buyers from around the world.
Signals pointing to a property price increase in Athens
Here are some factors suggesting prices could increase:
The ongoing shortage of new housing developments in Athens is expected to persist into 2025, particularly in popular neighborhoods. This limited supply, coupled with steady demand, is likely to drive up property prices.
Athens is experiencing a surge in tourism and short-term rental demand, which is expected to continue into 2025. This trend is likely to increase property values, especially in areas popular with tourists and short-term renters.
The Greek government is implementing incentives for foreign investors, such as the Golden Visa program, which is expected to attract more international buyers to Athens, further boosting demand and prices.
Infrastructure improvements, including transportation and public amenities, are underway in Athens and are expected to enhance property values, particularly in areas benefiting from better connectivity.
The trend of remote working is leading to an influx of digital nomads and expatriates choosing Athens as a base, increasing demand for residential properties in the city.
Signals pointing to a property price decrease in Athens
Here are some factors suggesting prices could fall:
Economic uncertainties, including potential political instability or changes in government policy, could impact investor confidence and reduce demand for properties in Athens.
Rising interest rates may make it more difficult for buyers to secure affordable financing, potentially cooling demand, particularly among first-time homebuyers and those seeking investment properties.
Inflation and increasing living costs could strain household budgets, reducing the purchasing power of local buyers and potentially dampening demand for properties in certain segments of the market.
Get fresh and reliable information about the market in Greece
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
If property prices go up in Athens, how much would they increase by?
If real estate prices in Athens were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in emerging markets like Athens appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as region, season, and property type.
It means that, if you spot a charming 2-bedroom apartment in Plaka for 250,000 euros today, don't be surprised if it's priced between 257,500 and 267,500 euros this time next year.
To give you a better understanding, here is a table that shows 7 types of Athenian real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 (€) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Neoclassical Apartment (60 sqm / 646 sqft) | €300,000 | €309,000 | €315,000 | €321,000 |
| Modern Apartment (75 sqm / 807 sqft) | €400,000 | €412,000 | €420,000 | €428,000 |
| Luxury Penthouse (100 sqm / 1,076 sqft) | €800,000 | €824,000 | €840,000 | €856,000 |
| Studio (30 sqm / 323 sqft) | €150,000 | €154,500 | €157,500 | €160,500 |
| Loft (80 sqm / 861 sqft) | €500,000 | €515,000 | €525,000 | €535,000 |
| Townhouse (150 sqm / 1,615 sqft) | €1,000,000 | €1,030,000 | €1,050,000 | €1,070,000 |
| Investment Property (50 sqm / 538 sqft) | €200,000 | €206,000 | €210,000 | €214,000 |
Everything you need to know is included in our Property Pack for Athens
If real estate prices go up in Athens, which areas are likely to see the biggest increases?
Today, people who want to move to Athens want the charm, but they also want modern conveniences and vibrant social scenes, which Plaka delivers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Gazi has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Athenian market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Plaka | High | Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Kolonaki | High | Expected rise due to limited housing stock, upcoming renovations to heritage buildings, and growing demand for prime properties in central Athens. |
| Koukaki | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Marousi | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Pangrati | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Exarchia | Medium | Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value. |
| Monastiraki | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Gazi | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Glyfada | Medium-High | Its proximity to the coast, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Metaxourgeio | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Kifisia | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Acropolis | High | Upcoming restoration projects and high-profile cultural initiatives are driving a renewed focus on this central, historic location. |
-The best areas to buy a property in Athens
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation?
In 2025, Athens real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Family-Sized Apartments in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near Athens are seeing increased interest. Proximity to green spaces and schools is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In dense cities like Athens, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Athens's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
Make a profitable investment in Greece
Better information leads to better decisions. Save time and money. Download our guide.
