Authored by the expert who managed and guided the team behind the Greece Property Pack
Yes, the analysis of the Peloponnese's property market is included in our pack
Property prices in the Peloponnese are surging, with a 9.24% year-on-year increase as of May 2025.
The Peloponnese property market has experienced remarkable growth, with average prices climbing from €1,537 per square meter in May 2024 to €1,679 per square meter in May 2025. This upward trend is driven by strong foreign investment, infrastructure improvements, and the region's growing appeal as both a tourist destination and residential haven.
If you want to go deeper, you can check our pack of documents related to the real estate market in the Peloponnese, based on reliable facts and data, not opinions or rumors.
As we reach mid-2025, the Peloponnese property market shows strong growth with prices averaging €1,679/m², up 9.24% year-on-year.
Coastal luxury properties and tourist hotspots like Porto Cheli and Costa Navarino are leading price appreciation at 6-7% annually, while foreign investment through Golden Visa programs continues to fuel demand.
| Metric | Current Status (June 2025) | Change from 2024 |
|---|---|---|
| Average Price per m² | €1,679 | +9.24% |
| Price Range | €998-€2,312/m² | Widening |
| Fastest Growing Areas | Kyparissia (+65%), Loutraki (+37%) | Accelerating |
| Luxury Coastal Properties | €6,000-€9,444/m² | +6-7% |
| 2026 Forecast | +3-5% growth expected | Moderate growth |
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
What's the current average price per square meter in the Peloponnese in June 2025?
As of June 2025, the average price for residential properties in the Peloponnese stands at €1,679 per square meter.
This represents a significant milestone for the region, marking the highest average price recorded in recent years. The price range varies considerably depending on location and property type, spanning from €998/m² in more rural areas to €2,312/m² in premium locations.
Luxury coastal properties command even higher prices, with areas like Porto Cheli averaging €6,874/m², Petrothalassa at €9,444/m², and Ermioni at €6,261/m². These premium locations reflect the growing demand for seafront properties among both domestic and international buyers.
For context, apartments in popular towns show varied pricing: Nafplio leads at €3,195/m², followed by Loutraki at €2,743/m², while Argos offers more affordable options at €1,756/m². This diversity in pricing provides opportunities for different buyer segments.
The Peloponnese remains more affordable than Athens (€2,500-€4,000/m²) and significantly cheaper than premium islands like Mykonos (€8,000+/m²), making it an attractive option for value-conscious investors.
How much have property prices increased in the Peloponnese over the past year?
Property prices in the Peloponnese have risen by 9.24% year-on-year from May 2024 to May 2025.
This impressive growth outpaces many other Greek regions and reflects the area's increasing popularity among both domestic and international buyers. In absolute terms, average prices climbed from €1,537/m² to €1,679/m² during this period.
The growth has been consistent throughout 2024 and into 2025, with the region experiencing a steady 6-8% rise in residential property prices during 2024 alone. This upward trajectory has been driven by multiple factors including strong foreign investor interest and tourism growth.
Looking at individual months, some periods showed even stronger performance. For instance, in August 2024, the average asking price reached €1,575/m², representing a 9.30% increase from the previous year. The momentum has continued into 2025.
Compared to the two-year trend, prices have shown remarkable resilience. The lowest point was €1,427/m² in July 2023, meaning prices have increased by over 17% in less than two years.
Which areas in the Peloponnese are seeing the fastest price growth in 2025?
Several Peloponnese towns are experiencing exceptional price growth, with Kyparissia leading at a remarkable 65% year-on-year increase for houses.
The fastest-growing areas demonstrate diverse appeal across the region. Loutraki apartments have surged 37%, benefiting from proximity to Athens (just 80km away) and established tourist infrastructure. Kranidi houses rose 18%, while Monemvasia properties increased 13% year-on-year.
Costa Navarino in Messenia stands out as a luxury hotspot, with branded residences now matching Athenian Riviera prices. This area's rapid appreciation stems from premium resort developments attracting affluent international buyers.
| Location | Property Type | Price Growth (YoY) | Key Driver |
|---|---|---|---|
| Kyparissia | Houses | +65% | Emerging tourist destination |
| Loutraki | Apartments | +37% | Proximity to Athens |
| Kranidi | Houses | +18% | Coastal luxury market |
| Monemvasia | Houses | +13% | Historic tourism appeal |
| Costa Navarino | All types | +6-7% | Luxury resort development |
Kalamata emerges as an up-and-coming market with apartments priced at €1,200-€1,800/m², offering good value compared to more established areas while benefiting from improved infrastructure and international airport access.
What types of properties are experiencing the biggest price surge?
Seafront and coastal luxury homes lead the market with 6-7% appreciation in 2024, driven by their scarcity and high demand from international buyers.
Land near tourist hubs represents another hot segment, appreciating 8-10% in 2024. Investors recognize the development potential of these parcels, particularly as tourism infrastructure continues to expand across the region.
Traditional stone houses and modern villas with rental potential are particularly sought after by foreign buyers. These properties combine authentic Greek charm with income-generating opportunities through short-term rentals.
Short-term rental properties have become increasingly valuable due to rising tourism and digital nomad influx. With 20,000 more short-term rental units added nationwide from November 2023 to November 2024, the Peloponnese has benefited significantly from this trend.
It's something we develop in our Greece property pack.
How do current prices compare to five years ago?
Property prices in the Peloponnese have increased by approximately 50-68% over the past five years, depending on location and property type.
In 2020, average prices hovered around €1,000-€1,100/m². As of June 2025, with prices at €1,679/m², this represents substantial appreciation that has outpaced inflation and wage growth. This growth mirrors the broader Greek property market, which has risen 56% nationally over the same period.
The recovery has been particularly impressive considering Greece's property market crashed dramatically during the financial crisis, with prices falling 42.5% from 2007 to 2017. The current growth phase represents a strong rebound from those lows.
Foreign investment has played a crucial role in this recovery. The Golden Visa program, despite recent threshold increases, continues to attract non-EU buyers, with 226 pending applications in the Peloponnese as of March 2024.
This five-year growth trajectory has rewarded early investors who recognized the region's potential during the post-crisis recovery phase, demonstrating the Peloponnese's transformation into a mature investment market.
What are the property price forecasts for 2026 and beyond?
Property prices in the Peloponnese are forecast to grow by 3-5% annually through 2026, reflecting a moderation from current growth rates but maintaining positive momentum.
Short-term projections (2025-2030) suggest a 3% annual price increase across Greek real estate, including the Peloponnese. This steady growth will be supported by persistent demand-supply imbalances and continued investment inflows, particularly from international buyers.
Medium-term outlook (10 years) indicates potential cumulative growth of approximately 34% by 2035 if the 3% annual rate sustains. This would place average prices around €2,250/m², maintaining the region's attractiveness relative to other Greek destinations.
| Time Period | Expected Annual Growth | Projected Price/m² | Key Assumptions |
|---|---|---|---|
| 2026 | 3-5% | €1,730-€1,760 | Stable demand, moderate supply increase |
| 2030 | 3% | €1,890-€1,950 | Continued foreign investment |
| 2035 | 3% | €2,250 | Economic stability maintained |
Long-term projections beyond 10 years remain speculative, but if current trends continue, prices could nearly double by 2045. However, factors like demographic changes, economic cycles, and policy shifts will significantly influence actual outcomes.
How are recent Greek tax law changes affecting property prices?
The 2024-2025 Greek property tax reforms are creating favorable conditions that support continued price growth in the Peloponnese market.
Capital gains tax suspension, likely to be extended through 2025, makes property sales more attractive for investors. This encourages market liquidity and supports price appreciation as sellers can realize gains more efficiently.
ENFIA (property tax) reforms offer significant benefits: exemptions for historic buildings up to €400,000 and 20% reductions for insured homes up to €500,000. These changes particularly benefit the Peloponnese with its wealth of traditional properties.
VAT changes present mixed impacts. While the exemption for new builds extends through 2025, encouraging development, a 24% VAT now applies to short-term rentals if investors own more than two properties. This may moderate returns for some investors but hasn't dampened overall demand.
Golden Visa threshold increases (now €250,000, €400,000, or €800,000 depending on zone) are focusing demand on premium areas rather than reducing it, potentially accelerating price growth in select Peloponnese locations.
What impact are foreign buyers having on Peloponnese property prices?
Foreign demand has surged dramatically, with up to 103% year-on-year increase in holiday home purchases by European buyers in 2025.
EU buyers from Belgium, Netherlands, and Germany lead this wave, attracted by the Peloponnese's combination of natural beauty, cultural heritage, and investment potential. Their purchasing power significantly exceeds local buyers, creating upward price pressure.
The Golden Visa program remains influential despite threshold increases. With 226 pending applications in the Peloponnese as of March 2024, non-EU investors continue viewing property purchase as a pathway to European residency.
Digital nomads represent a growing buyer segment, contributing to higher demand for both purchases and rentals. Their preference for coastal locations with good connectivity has particularly benefited towns like Nafplio and Kalamata.
This international interest has pushed both sale and rental prices higher, especially in tourist-favored coastal locations. Foreign investment accounted for 8-10% of total Greek property transactions in recent years, with the Peloponnese capturing a significant share.
It's something we analyze in our Greece property pack.
How does the Peloponnese compare to other Greek regions for property investment?
The Peloponnese offers compelling value at €1,679/m² average, positioned between affordable mainland regions and expensive island destinations.
Compared to other Greek markets, the Peloponnese remains significantly more affordable than Athens (€2,500-€4,000/m²), Thessaloniki (€2,200/m²), and premium islands like Mykonos (€8,000+/m²). This pricing advantage attracts investors seeking better value.
| Region | Average Price/m² (2025) | Investment Appeal |
|---|---|---|
| Peloponnese | €1,679 | Best value, diverse options |
| Athens (Attica) | €2,500-€4,000 | Capital premium, high demand |
| Crete | €1,150-€1,800 | Similar range, island appeal |
| Cyclades (Mykonos) | €8,000+ | Ultra-luxury market |
| Thessaloniki | €2,200 | Urban, strong fundamentals |
However, luxury enclaves within the Peloponnese like Porto Cheli and Costa Navarino now approach top-tier pricing, offering investors options across the value spectrum from budget to ultra-premium.
The region's diversity sets it apart - from affordable rural properties to exclusive coastal estates, providing opportunities for various investment strategies unlike more homogeneous markets.
Which infrastructure projects are boosting property demand?
Major infrastructure improvements have dramatically enhanced the Peloponnese's accessibility and appeal, directly impacting property values.
New highways including Olympia Odos and Moreas have reduced Athens-Kalamata travel time to under 3 hours, transforming previously remote areas into viable weekend home destinations. This connectivity boost has particularly benefited Messenia and Kalamata property markets.
The Megalopolis solar park represents Greece's largest renewable energy investment, creating employment opportunities and increasing housing demand in Arcadia. Such green infrastructure projects enhance the region's sustainability credentials.
Kalamata International Airport continues to expand its routes, providing direct access from major European cities. This international connectivity supports both tourism and foreign property investment, particularly benefiting southern Peloponnese locations.
Port upgrades and marina developments along the coast have elevated the appeal of waterfront properties, with new facilities attracting yacht owners and maritime tourism.
These infrastructure investments collectively position the Peloponnese for sustained growth, making previously overlooked areas increasingly attractive to investors and residents alike.
What risks could impact property price growth?
Rising interest rates pose the primary risk, with ECB rates at 4% potentially dampening domestic buyer demand if mortgage costs remain elevated.
Affordability concerns are mounting as property price growth outpaces local income increases. With Greek wages growing more slowly than the 9.24% property price surge, local buyers face increasing challenges entering the market.
Regulatory changes present ongoing uncertainty. Further Golden Visa threshold increases or rental market restrictions could reduce foreign investment appeal, though current momentum remains strong.
Bureaucratic inefficiencies continue to frustrate investors, with property transaction processes remaining complex and time-consuming compared to other EU countries. This friction may deter some potential buyers.
Economic volatility, including potential impacts from global recession or renewed Eurozone stress, could rapidly change market dynamics. However, Greece's improved fiscal position provides more resilience than during previous crises.
Are second homes and investment properties still in high demand?
Demand for second homes and investment properties in the Peloponnese reached new heights in 2025, with international interest up 103% year-on-year.
Property listings increased 9% in 2024, reflecting both growing supply and sustained demand. This balanced growth indicates a healthy market rather than speculative excess, particularly for holiday homes and rental investments.
The short-term rental boom continues transforming the investment landscape. With 20,000 additional units entering Greece's short-term rental market between November 2023 and November 2024, the Peloponnese captured a significant share of this growth.
Rental yields remain attractive at 5-7% for residential properties, with some locations achieving even higher returns. Areas like Nafplio and coastal towns particularly benefit from year-round tourism and cultural events.
European lifestyle buyers increasingly view the Peloponnese as offering superior value compared to overpriced island destinations, combining authentic Greek living with modern amenities and strong rental potential.
We share more insights in our Greece property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Yes, property prices in the Peloponnese are going up significantly. With a 9.24% year-on-year increase bringing average prices to €1,679/m² as of June 2025, the market shows strong momentum driven by foreign investment, infrastructure improvements, and tourism growth.
The outlook remains positive with forecasts suggesting continued growth of 3-5% annually through 2026 and beyond. While some moderation from current growth rates is expected, the fundamental drivers of demand - including Golden Visa programs, digital nomad influx, and the region's improving accessibility - support sustained price appreciation making this an opportune time for property investment in the Peloponnese.
Sources
- Indomio - Peloponnese Real Estate Market Trends
- Properstar - Peloponnese Housing Prices
- Investropa - Peloponnese Real Estate Market Stats 2025
- Brevitas - Greece Real Estate Market Overview
- Investropa - Peloponnese Real Estate Forecasts
- International Investment - Greek Real Estate Market 2025
- Centrarium - Greek Property Market Trends and Perspectives
- E Sales International - Property Market Predictions Greece 2025
- Elxis - Taxes on Real Estate in Greece
- Money Tourism - Holiday Home Purchases by European Buyers
-Peloponnese Property Investment Guide
We made this infographic to show you how property prices in Greece compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
Get fresh and reliable information about the market in the Peloponnese
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
