Greece’s Real Estate Boom: Attica’s Property Prices Soar as Short-Term Rentals Lead Europe
Greece’s real estate market is witnessing an unprecedented surge, with two key factors driving growth: soaring property prices in Attica and a booming short-term rental sector. Over the past several years, Greece has become a magnet for both local and international investors, fueling rising property values and increasing demand for rental accommodations.
Attica’s Real Estate Market: A Remarkable 88% Price Surge
Attica, home to Greece’s capital, Athens, has experienced a significant real estate price boom. From 2017 to the second quarter of 2024, property prices in the region have skyrocketed by 88%, surpassing the nationwide increase of 69.2%. This surge is primarily driven by strong demand from both Greek and foreign buyers. International investors, particularly those from wealthier nations, have played a crucial role in elevating property values, often outpacing the available supply.
Experts believe that Attica’s real estate market has yet to reach its peak, with continued interest from global investors expected to sustain high property valuations.
Prices per square meter of the provinces in the region Attika
Greece Leads Europe’s Short-Term Rental Growth in 2025
Parallel to the property price surge, Greece has emerged as Europe’s leader in short-term rental growth. According to AirDNA’s latest report, Greece saw a staggering 45% year-on-year increase in future bookings in January 2025, outpacing other fast-growing markets such as Poland (+36%) and Norway (+35%).
The demand for short-term rentals across Europe is on the rise, with future reservations in January 2025 climbing by 23.3% compared to the previous year. Greece stands out as a frontrunner in this trend, signaling strong investor interest in the country’s vacation rental market.
A Record-Breaking Year for Greece’s Rental Market
In 2024, Greece witnessed a 9% increase in active short-term rental listings, reaching 122,756 compared to 113,116 in 2023. This marks a 42% increase from 2019, reflecting Greece’s growing appeal as a destination for travelers and investors alike.
With increasing tourism, a flourishing short-term rental market, and skyrocketing property prices in Attica, Greece’s real estate landscape is more attractive than ever. Whether for investment, vacation rentals, or long-term ownership, the country continues to offer lucrative opportunities in one of Europe’s most dynamic property markets.
Source: www.indomio.gr, AirDNA
