Where are the Cheapest and Most Expensive Areas for Buying and Renting Homes in Greece?

The year 2024 marked a period of dynamic changes for the Greek real estate market, influenced by multiple factors across the country. Initiatives like the launch of the ‘My Home 2’ program, modifications to Golden Visa regulations, extensive infrastructure projects, and a strong tourist season significantly boosted demand and prices in both the buying and rental markets. The upward trend continued into early 2025, with the market remaining resilient and demand strong. Developments in these areas, combined with potential new political or investment initiatives, are expected to continue shaping the dynamics of the market and investment opportunities in the coming period. In the housing sales market, Piraeus emerged as the area with the largest increase in desired prices during this period, recording an impressive 83.8% rise over the last five years. Specifically in 2024, the center of Piraeus saw the highest annual price increase, reaching 39.9%, with an average asking price of €2,765 per square meter. Other areas in Piraeus also showed significant price increases, such as Kallipoli-Freattida at 28.2% (€3,056 per sqm), Tambouria-Agia Sofia at 26.6% (€1,829 per sqm), and Drapetsona at 22.9% (€2,313 per sqm). In the southern suburbs, Argyrupoli stood out with a 22.4% increase and an average asking price of €3,846 per square meter. In the rental market, the Eastern Suburbs of Athens recorded the largest increase over the past five years, reaching 49.7%. In 2024, Marathon saw the highest annual rent increase at 31.0% with an average asking price of €10 per square meter. Attica offers a wide range of neighborhoods, from the most expensive to the most affordable, both in terms of buying and renting homes. The most expensive areas for purchasing homes include Vouliagmeni, Voula, Glyfada, Kolonaki-Lykovitos, and Alimos, known for their high quality of life, luxury real estate, and proximity to key amenities like the coastline and Athens city center. Similarly, the most expensive areas for renting homes include Vouliagmeni, Kolonaki-Lykovitos, Paleo Psychiko, Glyfada, and Filothei, renowned for their luxurious lifestyle and proximity to central business districts. For those seeking more affordable options in the housing market, areas such as Perama, Acharnes, Agia Barbara, Patision-Acharnon, and Patissia offer lower entry prices compared to more central locations. Likewise, the most economical areas for renting include Kryoneri, Agioi Anargyroi, and Dionysos, where rental prices are more accessible, providing alternative solutions for those seeking affordable housing outside the city center. Finally, the distribution of homes available for sale and rent in Attica reveals interesting data. More than 50% of available residential properties for sale are concentrated in Central Athens and the Southern Suburbs. Similarly, in the rental market, Central Athens and the Southern Suburbs dominate as the primary areas with the largest supply of rental homes.