Real Estate Prices Skyrocket in Northeastern Greece
6th Feb 2025: The cost of property in Eastern Macedonia and Thrace surged by 11.6% over the course of 2024, making it the fastest growing region of Greece.
The research comes from eXp Realty Greece, which looked at which of the 12 Greek regions are driving house price performance across the nation based on growth over the last year.
Even after the price increases seen across Eastern Macedonia and Thrace, the region remains relatively affordable, with properties costing €1,242 per square metre.
The second fastest growing region is Western Greece, with an increase of 10.2% to €1,330, followed by Peloponnese, by 9.4% to €1,460.
Central Greece lags behind
The only region to see a decline in house prices was Central Greece, where prices fell by -2.5% to €1,207 per square metre.
The geographical centre of Greece tends to have a small population, limiting the upward potential of house prices due to limited demand versus supply.
There were also only minor house price gains in Epirus (2.9%) and Thessaly (3.7%).
Prime areas
The area with the highest price was the South Aegean, at €2,791 per square metre, following a 4.2% increase in 2024. The islands attract strong tourist demand and there’s limited space, making it difficult for supply to meet demand.
The second and third most expensive regions were Attica (€2,449), which encompasses the historic city Athens, followed by the Ionian Islands (€2,423), which similarly attract a number of tourists to locations like Corfu.