Residential property prices vary widely across European capitals, with Greece remaining one of the most attractive investment destinations, according to Global Property Guide , residential property prices in Athens and Nicosia are significantly lower than in major European cities such as Zurich, Paris and London.
Comparison of residential property prices in European cities
- Zurich ranks first in Europe in terms of residential property prices. The average price per square metre here reaches €17,300 .
- In Luxembourg, residential property will cost € 11,300 per m² .
- In metropolitan areas such as London and Paris , property prices are around €9,500 per m² .
- Amsterdam shows prices at €8,400 per m² , almost four times higher than
- In more affordable cities such as Madrid and Berlin , property prices range from €4,700 to €5,000 per m² .
Against this backdrop, Athens and Nicosia remain among the most affordable European cities for purchasing residential property. The average price of residential property in Athens is €2,100 per m² , while in Nicosia it is €2,735 per m² .
Foreign Investors’ Interest in Greek Residential Property
Greece continues to attract foreign buyers thanks to low residential property prices, especially compared to France, Italy and Spain, Georgios said. According to Gavrielidis , CEO of Elxis , demand for Greek residential property has grown significantly in recent years, especially among residents of Northern Europe such as the Netherlands, Belgium and Germany.
The main factors driving interest in Greek residential real estate are:
- Affordability : The cost of a new home by the sea in Greece ranges from €300,000 to €350,000 , making it attractive to European investors.
- Quality of life : Natural beauty, climate and infrastructure make Greece an ideal place to buy residential property.
- Investment value : Many buyers purchase residential properties during the construction phase, which allows them to save up to 15% of the cost.
Main categories of buyers
According to Elxis , potential property buyers fall into two main groups:
- Age 50–60 : choose residential property for personal use and rental.
- Age 35-45 : young investors looking to quickly resell properties at a profit.
Currently, around 3 million Western Europeans are considering investing in Greek residential property. Regions such as the Peloponnese and Crete are particularly popular with buyers due to their beauty and comparatively low prices.
Greece remains attractive due to the opportunity to purchase quality residential property at a competitive price. This market continues to grow, offering investors not only comfort but also long-term prospects.
