The latest market analysis from eXp Realty Greece has shown that it’s some of Greece’s most accessible markets for Golden Visa investors that have seen some of the highest rates of house price growth over the last year, with Kavala seeing the largest increase at 33.7%.
eXp Greece analysed the latest house price data from Spitogratos* looking at the rate of growth seen in Q4 2024 versus Q4 2023.
The research shows that Kavala has seen the sharpest increase in property values, up by 33.7% in the last year alone.
Messinia has also seen a considerable increase at 18.2%, along with Chania at 16.2%.
All three locations are also some of the most accessible when it comes to obtaining Greek residency by investment.
Greece is one of the world’s most popular Golden Visa nations, and when it comes to the minimum investment required for residency to be granted, it operates a three-tier system*.
Tier A concerns the most popular areas of Greece, such as Athens, Thessaloniki, and the Islands, and the minimum investment required in these locations is €800,000 (approx. $867,000), while all other areas, known as Tier B, require a minimum investment of €400,000 (approx. $435,000).
Other Tier B areas where house prices appear to have benefitted from Golden Visa investors include Lakonia (+15.5%), Grevena (+14.8%) and Chalkidiki (+14%), all of which rank in the top 10 areas to have seen the highest increase in property values over the last year.
However, there are four Tier A areas of the Greek property market that also feature within the top 10, suggesting that the market is being influenced by investors at all levels.
The highest rate of growth has been seen across Piraeus at 15.6%, with Lefkada and Sporades also making the top 10 at 13.1% and 12.8% respectively.
Data tables and sources
- *Tiered investment information sourced from Astons
- Average property price Q4 2023 and Q4 2024 sourced from Spitogratos
- Full data tables and sources can be viewed online, here.
