Greece is no longer just a holiday destination. Over the last few years it has become one of Europe’s most talked-about property markets, with prices rising steadily, tourism breaking records and buyers arriving from all over the world.
If you have been wondering whether Greek real estate is worth a closer look, this guide walks you through the basics in plain language. At the end, we introduce a new project in Piraeus that brings many of these advantages together.
The Greek property market today
Greek home prices have risen every year since around 2018, after a long slump during the debt crisis. Even after that climb, prices in many areas are still below their 2008 peak and well below cities like Lisbon, Madrid or Paris.
A few forces keep demand strong:
- Tourism. Greece welcomes more than 30 million international visitors a year, which keeps rental demand high in Athens and on the islands.
- Limited new supply. Very little was built during the crisis years, so modern, energy-efficient homes are scarce.
- Foreign buyers. Investors from Europe, the Middle East, Asia and the US are active, many of them attracted by the Golden Visa.
- A healthier economy. Greece regained investment-grade status in 2023, and banks are lending again.
The result is a market where good-quality new builds in well-connected neighbourhoods are in short supply.
Why Greek real estate is a smart investment
1. Solid rental income. Well-located apartments in Athens and Piraeus typically earn gross yields of around 4–6% a year, higher than in many Western European capitals.
2. Room for growth. Prices are still catching up after the crisis, so buyers today can benefit from further appreciation as the economy grows.
3. The Golden Visa. Non-EU buyers who invest in Greek property can get a five-year, renewable residence permit for the whole family. It gives visa-free travel across the Schengen area, and you do not need to live in Greece to keep it. In Attica (which includes Athens and Piraeus), the minimum investment is €800,000.
4. A great place to spend time. Sunshine for most of the year, beaches minutes from the city, excellent food and a relaxed pace of life. Your investment is also somewhere you will want to stay.
5. Lower entry prices. Compared with other Mediterranean hotspots, your money still goes further in Greece.
Spotlight on Piraeus: from port town to rising star
Piraeus is home to Greece’s largest port, and for decades it was a heavily industrial area. Shipbuilding, manufacturing, textiles and food businesses filled its streets, but many have since closed. For years, most people saw Piraeus only as the place to catch a ferry to the islands.
That has changed. One of the first big projects was Piraeus Port Plaza in Agios Dionysios, where the old Papastratos tobacco factory became modern, sustainable offices. It was one of the first major developments completed as Greece came out of the debt crisis, and it gave the whole area a lift. Others followed, including the renovation of Piraeus Tower, Greece’s second-tallest building.
As businesses moved in, so did demand for homes. Today residents have plenty on their doorstep:
- Education: the International School of Greece, the International School of Piraeus and the University of Piraeus
- Healthcare: Tzaneio Hospital (public) and Metropolitan Hospital (private)
- Leisure: the Stavros Niarchos Foundation Cultural Center, Mikrolimano’s waterfront restaurants, Flisvos Marina and nearby beaches
- Sport: Karaiskakis Stadium and the Peace and Friendship Stadium
Piraeus is no longer just a stop on the way to the islands. It is a place where people choose to live, work and invest.
Featured project: Meraki Piraeus 46
Meraki is a Greek word that means doing something with passion and total devotion. That idea sits behind this new building in Neo Faliro, one of the most ambitious districts of Piraeus.
Meraki Piraeus 46 is an eight-floor building of 39 one-bedroom apartments, including stylish duplexes. Every home comes fully furnished and fully equipped, so it is ready to live in or rent out from day one. Many units have private balconies with their own jacuzzi.
The area follows the “15-minute city” idea: shops, sport, healthcare and leisure are all within a short walk or bike ride. The bus stop is 50 m away, the tram and train stations about 1 km, and Piraeus port about 1 km. Beaches, marinas and the Stavros Niarchos Foundation are around five minutes by car, and the Acropolis around 30 minutes.
Building amenities: reception, restaurant, rooftop swimming pool and café-bar, jacuzzi, gym and 24/7 security.
Inside each home: modern interior design, double-glazed aluminium windows, facade insulation, full air conditioning, electric rolling shutters, LED lighting and quality built-in wardrobes.
Key facts
Apartments: 39 one-bedroom units, including duplexes
Sizes : About 39–56 m²
Prices: From €250,000
Furnishing :Fully furnished and fully equipped
Golden Visa :Eligible with an investment of €800,000; units can be combined
Building licence :Issued 2024
Delivery :Q1 2028 (with a 3-month grace period)
Ceiling height :2.55 m
Payment option 1
10% deposit, balance paid at the final contract
Payment option 2
30% deposit, then instalments until delivery
Property management
3 years at a 20% management fee, or a 4% rental guarantee for 3 years
Why it works for investors: one-bedroom apartments are the easiest homes to rent in a busy city, whether to young professionals, students or visitors. With furniture included and professional management available, you can own a Greek property without handling the day-to-day yourself. And if you want residency, combining units lets you reach the €800,000 Golden Visa level in one building.
Before you buy: a few things to keep in mind
- Golden Visa rules. In Attica, the €800,000 must go into a single property of at least 120 m², which is why combining units matters. Golden Visa homes also cannot be used for short-term holiday rentals, but long-term rentals are fine.
- Buying costs. Budget roughly 7–10% on top of the price for transfer tax or VAT, notary, lawyer and land registry fees.
- Off-plan purchases. Check the building licence, the payment schedule and what happens if delivery is late.
- Get independent advice. Use your own Greek lawyer and tax adviser. This article is general information, not legal or financial advice.
Ready to learn more?
Greece offers a rare mix: a growing market, strong rental demand, residency options for non-EU buyers and a lifestyle that is hard to beat. Meraki Piraeus 46 puts all of that into one modern, fully furnished building in one of the fastest-changing areas of Athens.
Contact the Eusecondhome team today for floor plans, the current price list and a private presentation of Meraki Piraeus 46.