Nikos Roussanoglou

One in two properties sold is up to 75 sq.m., reflecting the increase in market prices

Around 300 World War II-era bombs, leaked fuel deposits and hazardous materials, including asbestos, have been discovered during an extensive soil remediation project at the site of Athens' former international airport in the southern suburb of Elliniko, where one of Europe's largest urban redevelopment projects, The Ellinikon, is underway.

Greece is evolving into a magnet for ultra-wealthy foreigners who are interested in transferring their tax domicile to another country, with the luxury housing market being a main destination to park those funds.

It will be difficult to fill the vacuum created in the first half of 2025 in construction activity, despite the significant increase in new permits since then and up to April.

Students interested in renting a renovated flat in Athens will face significant hikes this year.

The vast majority of buyers on islands such as Mykonos and Santorini come from abroad.

Small one-bedroom apartments of 40-60 sq.m. have emerged as the strongest performers in Greece's housing market, recording higher price increases than both the overall market and larger property categories.

Greece is becoming a destination for pensioners from Europe and the US who seek to reside for at least the majority of the year in a cheap – to them –country offering tax incentives.

New applications for residence permits under Greece's Golden Visa program are on track to fall by roughly half this year, according to data for the first six months of 2026.

The prices of Greek properties have been rallying over the past seven years and this rise has accelerated since 2022, but that may be ending, an analysis by credit ratings agency Moody's shows.