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
Where are the best places to invest in the Peloponnese right now? Is Kalamata still the top pick, or are towns like Nafplio, Monemvasia, and Gythio gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with local real estate agents, developers, and clients who invest across the region. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in the Peloponnese and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
1) Nafplio's old town is gaining interest with rising property values as a popular weekend getaway from Athens
Nafplio's old town is seeing a noticeable spike in property values as it becomes a favored destination for weekend getaways from Athens.
Many Athenians are now eyeing Nafplio for second homes, driving up demand and causing property prices to soar, with some houses fetching up to €1,000,000. This trend is fueled by the town's charm and proximity to the capital, making it an ideal escape.
Tourism is also booming, with hotel occupancy rates climbing by 10% over 2022. This uptick is not just a seasonal blip; it's a sign of Nafplio's growing allure, bolstered by glowing media reviews that paint it as a must-visit historic gem.
Social media buzz and cultural events add to Nafplio's appeal, making it a vibrant spot for both visitors and potential property buyers. The town's rich history and ongoing preservation efforts further enhance its attractiveness, offering a unique blend of old-world charm and modern convenience.
Investors are taking note, seeing Nafplio as a promising market. The combination of increased tourism, media attention, and cultural vibrancy is creating a perfect storm for property value growth, making it a hot spot for real estate.
As more people discover Nafplio's unique offerings, the town is poised to continue its upward trajectory in both tourism and real estate, solidifying its status as a top choice for those seeking a picturesque retreat.
Sources: Skouras Real Estate, Hotel Dive, Matt Barrett's Greece Travel Guides
Here is a stunning villa near Nafplio, showcasing the kind of luxurious escapes that are driving up property values in this sought-after weekend getaway spot. (Source: Greek Exclusive Properties)
2) The area around Ancient Olympia is attracting interest for its eco-tourism accommodations and rising land prices
The area around Ancient Olympia is becoming a hotspot for eco-tourism investments, pushing land prices higher.
One standout project is the “Olympic Botanical Garden” near the archaeological site, which not only displays native plants but also offers a fresh take on Olympia's history. This initiative is part of a broader trend where eco-friendly accommodations are popping up across Greece, including green hotels and organic farm stays. These places often use renewable energy and serve organic, local food, attracting travelers who care about the environment.
Inspiration comes from successful ventures like the EcoResort Zefyros in Zakynthos, which sets a benchmark for what could be achieved in Ancient Olympia. The region's commitment to sustainable tourism is clear, and it's drawing attention from investors looking to capitalize on this growing market.
Olympia's archaeological site is a major draw for tourists, and Greece's tourism sector is booming. In 2024, the country hit a record with €22 billion in tourism revenue and 36 million visitors, surpassing pre-pandemic numbers. This surge highlights a rising interest in places like Ancient Olympia, making it a prime spot for investment.
With the tourism industry thriving, the potential for eco-tourism in Ancient Olympia is immense. The combination of historical allure and sustainable practices is a winning formula, attracting both tourists and investors alike.
As more people seek out unique and environmentally friendly travel experiences, the demand for properties in this area is likely to continue rising. The blend of cultural heritage and modern eco-consciousness makes Ancient Olympia a compelling choice for those looking to invest in Greece's tourism future.
Sources: UNESCO, Getaways Greece, Travel and Tour World
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.
3) Ermioni is attracting investors with its natural beauty and closeness to the Saronic Gulf islands
The coastal region of Ermioni is drawing in real estate investors with its breathtaking scenery and closeness to the Saronic Gulf islands.
In recent years, Greece has seen a notable rise in property prices, with a 7.9% increase in 2023. This reflects a strong recovery and growing demand for high-quality homes, especially in tourist hotspots. Ermioni, with its picturesque landscapes and strategic location, is becoming a prime choice for those looking to invest in Greek real estate.
Ermioni is likely riding the wave of a tourism boom, as Greece experienced a remarkable surge in visitors and spending in early 2024. This influx not only boosts the local economy but also makes Ermioni even more appealing as a real estate investment hotspot. Its proximity to popular islands like Mykonos and Santorini, which have seen property price surges of up to 20% in 2023, adds to its allure.
Moreover, the Greek real estate market is on a steady climb, with transaction values projected to hit $7.94 billion in 2024. This growth is fueled by increased demand and investment, making Ermioni an attractive location for investors seeking opportunities in areas with natural beauty and strong tourism potential.
Insiders know that Ermioni offers a unique blend of tranquility and accessibility. While it provides a peaceful retreat, it's also just a short trip away from bustling tourist destinations. This balance makes it a hidden gem for those wanting the best of both worlds.
For those considering a property purchase, Ermioni's charm lies not just in its landscapes but also in its potential for value appreciation. With the ongoing trends, investing here could mean tapping into a market that's both lucrative and picturesque.
Sources: Greece's Real Estate Market Analysis & Forecast (2024 - 2025), Greek Tourism Surges to Record Levels in Early 2024, The Greek Housing Market: A Golden Opportunity for Investors
4) Kardamyli is gaining attention for its picturesque setting and rising interest from expatriates seeking holiday homes
The village of Kardamyli is quickly becoming a real estate hot spot.
One of the main reasons is the rising property prices, with homes ranging from €585,000 to €2,200,000. This price range highlights the strong demand for properties in this picturesque area, attracting those who dream of a scenic retreat.
Foreign buyers are also playing a big role in this trend. In 2023, real estate purchases by foreign buyers in Greece hit €3 billion, and a significant chunk of these transactions happened in Kardamyli. This shows a growing interest from expatriates who are eager to own holiday homes in this charming village.
Kardamyli's allure is further boosted by its increasing media attention. Social media is buzzing with posts that capture its stunning landscapes, from the deep-colored waters to the unique stone-built architecture. This online buzz is drawing more international eyes to the village.
For those considering a property investment, Kardamyli offers a unique blend of natural beauty and cultural richness. The village's authentic Greek charm and tranquil environment make it an ideal spot for a holiday home, especially for those looking to escape the hustle and bustle of city life.
With its growing popularity, Kardamyli is not just a place to buy a home; it's a lifestyle choice. The village's blend of tradition and modernity appeals to a diverse range of buyers, from retirees to young families seeking a peaceful retreat.
Sources: Global Property Guide, Rightmove, Eros and Psyche Travel, The Luxury Playbook
5) Gythio is booming with affordable beachfront properties attracting local and foreign buyers
Gythio is buzzing with a real estate boom thanks to its affordable beachfront properties.
Imagine owning a beachfront property in Greece without breaking the bank. That's what Gythio offers, making it a hot spot for both local and foreign buyers. The town's charm and affordability are a rare find, especially when compared to other Greek seaside towns. This unique combination is why Gythio is becoming a favorite for those looking to invest in a second home or vacation rental.
In 2023, property prices in Greece, including Gythio, saw a 7.9% increase, marking a strong recovery since the financial crisis. This uptick is fueled by a growing interest in historical and eco-friendly properties. People are moving from urban areas to coastal gems like Gythio, drawn by its natural beauty and proximity to popular tourist spots. It's no wonder the town is on the radar for those seeking a slice of paradise.
Local real estate agencies are buzzing with activity, reporting a surge in demand for beachfront properties. This demand isn't just local; international buyers are also eyeing Gythio. The media has picked up on this trend, highlighting the town's growing popularity among property seekers. It's a testament to Gythio's appeal that so many are eager to invest here.
Testimonials from recent buyers paint a picture of Gythio as an affordable and appealing destination. These stories are spreading, attracting even more interest from both local and foreign investors. The town's real estate market is thriving, and it's easy to see why.
Gythio's unique geographical appeal, combined with its affordability, makes it a sought-after location. Whether you're looking for a second home or a vacation rental, this seaside town offers a compelling opportunity. The real estate boom here is a sign of the town's growing allure.
Source: The Luxury Playbook
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6) Kalamata's city center is thriving with rising rental yields fueled by a tourism surge
Kalamata's city center is booming thanks to a surge in tourism that's driving up rental yields.
While we don't have specific numbers for Kalamata, the average gross rental yield in Greece has been climbing, hitting 4.73% in late 2024 and 4.82% in early 2024. This trend hints at similar growth in Kalamata, making it an attractive spot for property investors.
Tourism is a big player in this boom. International arrivals at Kalamata Airport jumped to 152,000 between January and October 2023, a 13.7% increase from the previous year. The airport is expected to handle 330,000 passengers by 2024, with hopes of surpassing 500,000 annually by the decade's end.
Infrastructure upgrades are also fueling this growth. Kalamata Airport is undergoing a transformation, led by a consortium that includes Fraport. This project is expanding the airport's network of international airline partners, which is set to significantly boost passenger traffic for the 2025 summer season.
New airlines like Jet2, Discover Airlines, and easyJet are joining the mix, promising to bring even more visitors to the area. This influx of tourists is expected to further increase demand for rental properties, making it a hot market for real estate.
With these developments, Kalamata is not just a beautiful place to visit but also a promising location for property investment. The combination of rising tourism and improved infrastructure is creating a perfect storm for increased rental yields in the city center.
Sources: Global Property Guide, To Vima, TTG Media
7) Monemvasia's historic district is gaining popularity with heritage property enthusiasts, driving up property prices
Monemvasia's historic district is seeing a notable rise in property prices as it becomes a hotspot for heritage property enthusiasts.
In recent years, the area has witnessed a surge in property transactions, with more people eager to own a piece of its unique charm. This increased demand naturally pushes prices higher, making it a competitive market for buyers.
Take, for instance, a 205 sq.m. main house in the district that was listed for 1,180,000 €. This price reflects the growing value of properties here, driven by the district's distinctive character and appeal.
Real estate agencies are keen to spotlight Monemvasia as a prime market for heritage properties. They often highlight the area's historical significance and allure, which continues to draw in more interested buyers.
Media outlets have also played a role, focusing on Monemvasia's growing popularity among heritage enthusiasts. This coverage has further fueled interest and demand, contributing to the upward trend in property prices.
For those considering a purchase, Monemvasia offers a unique blend of history and charm, making it a desirable location for property investment. The district's appeal is not just in its architecture but also in the lifestyle it promises.
Sources: Arkadia, Green Acres, Kitty Kitty Jones
Here is a stunning example of a heritage-style villa in Monemvasia, blending traditional stone architecture with modern luxury, perfectly capturing the growing appeal of the area’s real estate market. (Source: Kentriki, Savills)
8) Porto Heli is gaining attention for its luxury retreat status and rising property values among the wealthy
Porto Heli is becoming a hotspot for luxury real estate, with property values climbing steadily.
In recent years, the area has seen a 15.3% increase in property prices, making it one of Europe's standout markets. This upward trend is expected to continue, with experts predicting a further 5.8% rise in 2024.
Luxury developments like the Waldorf Astoria Residences and the Four Seasons Resort and Residences are set to open by 2026, drawing in international buyers. These projects are attracting high-net-worth individuals who are captivated by Porto Heli's allure.
Often dubbed the "Monaco of Greece," Porto Heli's reputation as a luxury destination is growing. This is thanks to its luxury hotels and resorts and the interest of celebrities and high-profile individuals purchasing homes here.
Insider knowledge suggests that Porto Heli's appeal lies in its blend of natural beauty and exclusivity, making it a prime spot for those seeking a lavish lifestyle. The region's serene beaches and upscale amenities are a major draw for the wealthy.
With its increasing popularity, Porto Heli is not just a vacation spot but a smart investment for those looking to capitalize on its rising property market. The area's charm and exclusivity continue to attract a global elite, ensuring its status as a premier luxury retreat.
Sources: Porto Heli: A Paradise for Luxury Property Investments, Tourism In Porto Statistics 2024: An In-Depth Look At Porto's Numbers, Portugal's Property Hotspots Report 2024-2025
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Greece. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) Kyllini is gaining attention as a spa and wellness destination, driving up property values
The area of Kyllini is quickly becoming a hotspot for real estate thanks to its new reputation as a spa and wellness destination.
Investors are pouring money into spa and wellness facilities like the Kyllini Beach Resort, which has expanded its amenities to meet the growing demand. This shows a strong interest in Kyllini as a wellness hub, drawing in more visitors and potential property buyers. The increase in wellness retreats and resorts in the area highlights the rising demand, making Kyllini a magnet for wellness enthusiasts.
Media coverage is also boosting Kyllini's profile as a wellness destination, often showcasing its natural beauty and unique offerings. This visibility has led to more tourists visiting specifically for spa and wellness experiences, enhancing the area's appeal. Local government initiatives are backing this growth by promoting Kyllini as a wellness hub through infrastructure development and marketing campaigns.
These efforts are making Kyllini more attractive to both tourists and real estate investors. The local government is actively supporting this transformation, which is evident in the increased tourist arrivals and the growing interest from property buyers. The combination of natural beauty, enhanced facilities, and strategic promotion is turning Kyllini into a sought-after destination.
As more people discover what Kyllini has to offer, the real estate market is seeing a noticeable uptick. The area's transformation into a wellness destination is not just a trend; it's a strategic shift that is boosting property values. This makes it an exciting time for anyone considering investing in property here.
With its stunning landscapes and growing reputation, Kyllini is becoming a prime location for those interested in wellness and real estate. The ongoing developments and increased interest are clear indicators that Kyllini is on the rise, making it a compelling choice for potential buyers.
Sources: World Tennis Travel, Global Wellness Institute, W Travel Magazine
10) Methoni is gaining interest for its historical significance and potential in cultural tourism development
Methoni is becoming a hot spot for property buyers thanks to its rich history and cultural allure.
At the heart of Methoni's charm is the famous Castle of Methoni, a magnet for history buffs and tourists alike. This ancient fortress not only tells tales of the past but also boosts the town's reputation as a cultural gem. With its strategic location and storied past, Methoni is a place where history comes alive, making it irresistible to those looking to invest in a piece of Greece's heritage.
The local government is on a mission to put Methoni on the map as a top cultural tourism destination. They're rolling out initiatives that shine a spotlight on the town's historical significance, which in turn is expected to drive up property demand. As Methoni's profile rises, so does the interest in vacation homes and real estate, creating a buzz among potential buyers.
Adding to the allure, Methoni is seeing a wave of new cultural and historical attractions. These developments, coupled with efforts to preserve its traditional architecture, make the town even more appealing. The charm of Methoni's old-world beauty is a big draw for tourists, and it's catching the eye of those looking to invest in property.
Infrastructure improvements are also in the works, making Methoni more accessible and attractive. Upgrades to port facilities and other local amenities are part of the plan to support the growing tourism industry. These enhancements not only benefit visitors but also make Methoni a more enticing option for property buyers.
With all these factors in play, Methoni is poised to become a sought-after destination for those looking to own a slice of Greece's cultural and historical landscape.
Sources: Visit Greece, Messinia Mobi, Trade.gov
11) Stoupa is gaining popularity for its rental income opportunities, especially in the summer months
Stoupa is buzzing with rental opportunities, especially in the summer.
Tourists from the UK, Germany, and Italy are flocking to Stoupa, creating a lively atmosphere with new restaurants and rental spots popping up along the beach. This influx has made Stoupa a hotspot for summer getaways.
With the surge in visitors, the demand for rental properties has skyrocketed, pushing rental prices higher. Local real estate reports indicate that property owners are seeing impressive returns on short-term rentals, thanks to platforms like Airbnb.
Stoupa's charm is amplified by travel blogs and social media, which frequently highlight its stunning beaches and traditional architecture. These online shout-outs are drawing even more tourists, further increasing the demand for rentals.
For those considering an investment, Stoupa offers a promising opportunity. The combination of rising tourist numbers and the village's picturesque appeal means rental properties are in high demand.
Whether you're looking to invest or just enjoy a slice of Greek paradise, Stoupa's growing popularity makes it a compelling choice. Its vibrant summer scene and rental potential are hard to ignore.
Sources: Wikipedia, House Finders Peloponnese, Heather on her Travels
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.