Nikos Roussanoglou

New applications for residence permits under Greece's Golden Visa program are on track to fall by roughly half this year, according to data for the first six months of 2026.

The prices of Greek properties have been rallying over the past seven years and this rise has accelerated since 2022, but that may be ending, an analysis by credit ratings agency Moody's shows.

New Golden Visa regulation provides for the acquisition of more properties if put up for rent

The next government will likely inherit the responsibility for four major projects to address the capital's traffic problem.

House rental price hikes across the country are now softer, as – with the exception of a few areas of high demand and low supply – it seems the period of big rallies from year to year has passed, at least for the time being.

Smaller apartments, furnished and fully equipped homes, and co-living are reshaping Greece's student housing market as students and parents struggle with rising rents. Demand is so strong that a typical small apartment near a university or good public transport can be rented within days.

The process of utilizing municipal real estate remains at an infant stage, with most assets lacking the required documents needed to contribute revenue to the municipalities or help address the housing crisis.

Housing sales could see an added boost in Athens and Thessaloniki following the announcement of a third version of the government homebuying subsidy program, “My Home.”

Athens' home sales price growth rate fell to the European average, at 4.2% on an annual basis, with the average sales price estimated at €2,500 per square meter, according to data recently published by the Global Property Guide.

Investments for large-scale property renovations, totaling over €700 million, are underway in Thessaloniki.