Real Estate Market in Greece: Most Expensive and Cheapest Cities for Buying Property in 2023
Current data on the state of the real estate market in Greece is presented by a leading local property search website. Experts have analyzed housing prices in various regions of Greece and provided data on the most expensive and cheapest cities for buying property. Additionally, we will discuss the Greek government’s plans regarding the mandatory use of bank transfers in property sales.
Most Expensive Cities in Greece for Buying Property in 2023
Table of the top 5 regions with the most expensive prices (€/sq.m, annual change %):
| Region | Price (€/sq.m) | Annual Change (%) |
|---|---|---|
| Southern suburbs and outskirts of Athens | 3,511 | +14.70% |
| Cyclades | 3,182 | +10.40% |
| Northern suburbs of Athens | 2,800 | +10.30% |
| Cephalonia | 2,222 | +7.10% |
| Lefkada | 2,208 | +2.70% |
The top five most expensive regions in Greece include the southern districts and suburbs of Athens, the Cyclades, northern districts of Athens, Kefalonia, and Lefkada. Housing prices in these regions range from €2,208 to €3,511 per square meter, with growth rates ranging from 2.70% to 14.70% per year.
Cheapest Cities in Greece for Buying Property in 2023
Table of the 5 regions with the cheapest real estate prices:
| Region | Price (€/sq.m) | Annual Change (%) |
|---|---|---|
| Kastoria | 585 | -20.00% |
| Florina | 624 | +15.10% |
| Kilkis | 625 | -2.90% |
| Kozani | 652 | -5.10% |
| Grevena | 700 | -2.60% |
On the other hand, the top five cheapest regions in Greece include Kastoria, Florina, Kilkis, Kozani, and Grevena. Housing prices in these regions range from €585 to €700 per square meter, with growth rates ranging from -20.00% to +15.10% per year.
The Greek Government Plans to Introduce Mandatory Use of Bank Transfers in Property Sales
One of the changes the Greek government plans to implement is the mandatory use of bank transfers in property sales. This decision aims to combat illegal operations and reduce corruption in the real estate sector. The implementation of this measure will increase transparency and security in property transactions.
