Introduction - Greece & the Athens Riviera
GREECE
Greece is a beautiful country located in the southeastern tip of Europe with 14.000 km of coastlines, the largest in the Mediterranean basin, and over 200 inhabited islands dotted around the Aegean, Ionian and Mediterranean seas.
The country’s recent economic performance has been exceptional: in 2022 and 2023 it was judged the best in the world by the respected publication The Economist and since late 2023 Greece has been awarded investment grade by most major rating agencies due to the positive evolution in the economy, notably in terms of growth, unemployment, foreign investment and tourist receipts and arrivals, to name a few.
The real estate market reflects these developments. Though prices in the Athens region have risen for some time, they remain very competitive per square meter compared to other European capitals and tourist destinations, and the steady growth is expected to continue.
In short: Greece is experiencing a strong economy, with record numbers of visitors, a year-round tourist industry, a major government digitalisation drive and very high investment levels in infrastructure as well as solid growth in the real estate market.


THE ATHENS RIVIERA
The southern Athens Riviera coastal region is home to some of the most stunning areas in the region and it has become a prized destination for savvy locals and foreign investors seeking prime areas, the proximity of beaches, top quality estates, residential streets, quality shopping, endless cafes, restaurants and marinas enjoying many months of sunny, mild weather.
The booming real estate market attests to the growing importance and potential of the area as a residential and investment destination.
The Elliniko project, the largest infrastructure development in Europe, will alter the Riviera over the next years, transforming the old airport site into an area full of amenities, residences, leisure, greenery, entertainment and much more, promoting the surrounding region, enhancing property values and making investments a rewarding proposition.

THE GREEK REAL ESTATE MARKET
Following the 2010s crisis Greece managed to turn its economy around and has been consistently performing above the eurozone and EU averages over the last few years, which explains its ranking as the best economy in the world by The Economist and its having been awarded the coveted investment grade by most major rating agencies.
The real estate market has reflected such evolution, with prices showing double-digit growth in the last few years while remaining very competitive in absolute terms and per square meter compared to other major European capitals and tourist destinations.
Apart from the country’s sound economic health, the attractive real estate market and regulatory framework promote strong interest in Greek realty; additionally factors such as political stability, a government with a solid mandate, a record of reforms and a digitalisation drive, as well as foreign investments, have all contributed to the positive environment.
Whether for retirement or holiday purposes, as a short term rental or long term investment proposition, as a European base for internationally-minded travellers or a port of entry to Europe and the European Union (with the best EU Golden Visa regime), Greece remains a strategically brilliant choice.