The most expensive and cheapest regions in Greece to buy property in 2023
Greece is one of the most attractive countries for foreign investors to buy property, and it’s not hard to see why. This country is rich in history, amazing culture, and has a beautiful climate. However, property prices in Greece have been rising rapidly in recent times. Many people who want to buy property in this country are wondering where they can find affordable options in 2023.
One of the leading real estate search sites in Greece regularly publishes data on residential property prices. According to their data, the most expensive regions to buy property as of today are the southern suburbs of Athens, the Cyclades Islands, the northern suburbs of Athens, Kefalonia, and Chania on the island of Crete. The average cost per square meter of property in these regions ranges from €2,076 to €3,368.
Meanwhile, the cheapest areas to buy property in Greece are Florina, Kilkis, Kozani, Kastoria, and Grevena. Here, the cost per square meter of property starts at €624 and does not exceed €667.
However, it’s worth noting that Greek property continues to rise in value. This can be partly explained by changes in the “golden visa” program. In 2022, the Greek government announced an increase in the minimum property price that would give the right to a residence permit from €250,000 to €500,000 in 36 key municipalities in the country. However, the transitional period was extended until July 31st, 2023.
It’s also worth noting that Greek “golden visas” are currently unavailable to citizens of Russia and Belarus.
To see the full picture of property prices in Greece, we have prepared two tables.
Table 1. The most expensive regions to buy property in Greece in 2023
| Region | Average price per sq. meter, € |
|---|---|
| Southern suburbs of Athens | 3,368 |
| Cyclades Islands | 3,067 |
| Northern suburbs of Athens | 2,800 |
| Kefalonia | 2,143 |
| Chania | 2,076 |
Table 2. The cheapest regions to buy property in Greece in 2023
| Region | Average price per sq. meter, € |
|---|---|
| Florina | 624 |
| Kilkis | 633 |
| Kozani | 637 |
| Kastoria | 667 |
| Grevena | 667 |
We hope this information helps you choose the most suitable region for buying property in Greece. Remember that buying property in this country is a serious step that requires careful analysis and preparation. But if you’re ready for it, Greece is a wonderful place to live and invest.
