The Market
Prices, Yields & Trends
Athens property prices have risen consistently since 2018, but remain significantly below comparable European capitals. The average price per square metre in central Athens is approximately €2,500–€4,000, depending on neighbourhood and condition — compared to €8,000–€12,000 in comparable areas of Paris, Barcelona, or Lisbon.
Rental yields in Athens are among the highest in Europe, driven by strong demand from both long-term residents and the short-term rental market. Gross yields of 5–8% are achievable in well-located properties.
Neighbourhoods
Where to Buy in Athens
Kolonaki remains the most prestigious address in Athens — a neighbourhood of elegant neoclassical buildings, designer boutiques, and excellent restaurants. Koukaki, south of the Acropolis, has emerged as the city's most fashionable neighbourhood, with a mix of renovated apartments and new boutique hotels.
For investors seeking value and growth potential, the emerging neighbourhoods of Kypseli, Votanikos, and Metaxourgeio offer lower entry prices and strong appreciation potential as the city's creative class continues to move west.
The Process
Buying Property in Greece
Foreign nationals can purchase property in Greece without restriction (with some exceptions in border regions). The process involves engaging a Greek lawyer, obtaining a Greek tax number (AFM), opening a Greek bank account, and completing due diligence on the property.
The transaction is completed before a notary and registered with the Land Registry. Total transaction costs — including transfer tax, notary fees, and legal fees — typically amount to 8–10% of the purchase price.