Property Market Outlook for Greece 2024: American-Hellenic Chamber of Commerce Insights

Based on recent data of ours, almost one in three buyers (30.8%), mainly retirees, from abroad are looking for a property in Greece for a permanent residence.

After several years of rapid price increases, Greece’s housing market is showing signs of a more moderate pace in 2026. But the slowdown is not appearing in all segments in the same way. Holiday homes and newly built properties continue to attract strong demand internationally, while in the broader residential property market price growth is beginning to slow.

Overview: Greek Property Market and Selling Property in Greece

Selling property in Greece starts with understanding the market, preparing the right legal documents, setting a realistic asking price, and following the country’s notarial and tax procedures. Greek property continues to attract international buyers from Europe and the USA, especially in established coastal destinations such as Crete, the Ionian Islands, and the Peloponnese. For foreign owners selling a home, villa, or holiday property in Greece, understanding who is buying can be a practical first step when preparing a sale. Many international buyers are seeking holiday homes in Greece from countries such as the Netherlands, Belgium, Germany, France, and the United Kingdom, alongside non-EU nationals exploring residency opportunities through current Greek investment migration programs. There is also a share of demand that comes from Greek expatriates returning to buy in their home country.

Moving your life to Crete is entirely achievable, and it's open to anyone in principle. What changes is the process: your nationality, how long you intend to stay, and your personal circumstances all play a part. Emigrating to Crete is possible, though it means navigating visa rules, residency permits, and legal obligations that differ significantly between EU and non-EU citizens. EU nationals benefit from freedom of movement, while non-EU citizens typically face more paperwork and longer processing times.

International investors have been paying closer attention to Greece for a few years now. Keeping up this pace, new survey data shows just how far that attention has grown. Greece has moved into first place among institutional investors targeting hospitality assets in Europe. More specifically, it has overtaken Italy, Spain, and France, the countries that traditionally led this ranking.

Greece remains one of Europe's most rewarding places to own a property and let it out, and the latest short-term rental rules do little to change that, as the new limits are targeted. More specifically, they focus on the busiest central districts of Athens and Thessaloniki, while the islands, the coast, and the wider market stay open.