08.09.2026
Greece’s 2027 property changes: What buyers and owners need to know
Greek Prime Minister Kyriakos Mitsotakis has announced series of housing measures affecting property buyers and owners at the Thessaloniki International Fair.
In The News
If you own a home in the Peloponnese or have been quietly thinking about buying one, there is some news you should be aware of: At the end of June, a 40-year concession for Kalamata International Airport "Kapetan Vasilis Konstantakopoulos" was signed by a consortium led by Fraport, together with the Kopelouzos Group's Delta Airport Investments and the Konstantakopoulos Group's PILEAS. According to the National Development Fund, which retains a 10% stake in the new company, the initial concession payment is 45 million euros, and the planned investment programme is expected to exceed 125 million euros over time.
In short: Kalamata's airport is set to roughly double its traffic by 2030, with a new terminal three times the size of the current one. For anyone with a house in the region, or an eye on one, that matters.
The Announcement
A few figures from the relevant announcement are worth holding onto, because they reveal a lot about where the region is heading. The new management has set a target of 700,000 passengers a year by 2030. For context, the airport handled 368,515 passengers in 2025, of which more than 92% arrived on international flights, an increase of 8.7% over 2024. The upward trend has continued into 2026, with traffic in the first four months up 12.7% year on year. The centrepiece of the investment is a new terminal of 9,000 square metres, triple the size of the current 3,000. It is planned for a site towards Mikromani and, according to the concession terms, is expected to be completed by 2028.
The existing building will be kept and repurposed for VIP arrivals and departures alongside administrative use. In the first three years alone, the agreement sets mandatory investments of at least 28.3 million euros. On the routes side, the airport already has new direct connections lined up for the 2026 summer season: Edinburgh and London with Jet2, Hamburg with Condor, and Budapest with Wizz Air. In total, the airport is expected to serve 31 direct connections, including domestic routes.
Why an Airport Changes the Property Picture
Accessibility is a major factor when buying property in Greece. A house you can fly to directly, on a route that runs several times a week, is a house you actually use. One that takes two connections and a long drive tends to sit empty and, eventually, gets sold. That is the real link between the terminal at Kalamata and the value of a property an hour away from it. More direct routes from more European cities means the southern Peloponnese becomes reachable for more buyers, for longer stretches of the year. Demand for homes tends to follow the flight map.
It also changes the day-to-day experience of ownership. Family and friends can visit without too much effort. That way, a long weekend becomes realistic rather than aspirational. Also, in case you decide to sell your house, there is a large pool of buyers who would be interested.
The Peloponnese is Steadily Growing
Here is the part that makes this more than a piece of local news. The Peloponnese remains one of the least-discovered corners of Greek tourism. Despite the attention its developments have drawn in recent years, the region still attracts only around 2% of the country's total tourist arrivals, with roughly 750,000 visitors a year and tourism revenue that has not passed 400 million euros. For a buyer, "early" usually translates to competitive pricing and room to grow. The Peloponnese has both, and it pairs them with strong road access to Athens.
What It Means In Terms of Investment
If your interest in a Greek home includes renting it out when you are not there, accessibility works in your favour twice over. More direct flights bring more potential guests, and a broader route network helps stretch the season beyond the July and August peak into the shoulder months of late spring and early autumn.
There is Real Potential
Based on all this data, it has become clear that there is real potential in the Peloponnese, and the region is expected to become one of the most sought-after for foreign buyers. Having recognized the growth, we are planning to establish a more active presence in the Peloponnese by opening an office in Kalamata soon.
