Investment property in Greece: what to buy and what it costs
Apartments for sale in Athens, Piraeus, Thessaloniki, Volos and Crete with minimum prices, yields, taxes on buying and owning.
In 2026 the average price of actual deals in Attica, including Athens, is above $3,400 per square metre, and over the year apartments in Greece rose 5.5% in price, 7.1% in the provinces and on the islands. A two-bedroom apartment in the port city of Volos starts from $79,000, a one-bedroom in Athens from $88,000. Purchase tax is 3.09%, and for a home from $450,000 (400,000 euros) outside Attica, Thessaloniki and the large islands Greece gives a 5-year investor residence permit to the whole family.
Below are seven apartments for sale now, from $79,000 in Volos to $517,000 for residence, prices by region, rental yields, taxes on top of the price and the residence terms. A manager will confirm what is for sale today and the exact price.
The market in brief
Prices and rules as of 2026.
What properties investors buy in Greece
Seven apartments for sale in Greece now, from $79,000 to $517,000: Athens, Piraeus, Glyfada, Thessaloniki, Volos and Heraklion on Crete. The price, area, floor and condition are the seller's; a manager will send the documents, floor plans and similar options to the chat.
A two-bedroom apartment renovated in 2018 in the port city of Volos
from $79,000
A 65 m² apartment on the 2nd floor of a building from 1980 in the Kallithea area: a living room, two bedrooms and a bathroom. It was renovated in 2018 and has its own gas heating, double-glazed windows and a connection for a solar water heater. Volos is a port on the Pagasetic Gulf, and the seafront is close. Such apartments in Volos rent for $480 (€425) a month on average, about 7.3% a year.
A furnished one-bedroom apartment with a tenant by Victoria Square
from $88,000
A 48 m² apartment on the 1st floor of a building from 1969 with a lift in Patisia: a living room, a kitchen, a bedroom and a bathroom. It is renovated and fully furnished and equipped, with air conditioning, double-glazed windows, an armoured door and built-in wardrobes. The metro and universities are nearby. The apartment is already let to a long-term tenant and brings about 7% a year from day one.
A two-bedroom apartment with balconies in central Thessaloniki by the metro
from $150,000
A 65 m² apartment on the 4th floor of a building from 1962 in the historic centre of Thessaloniki, by Egnatia Avenue: a living room, a kitchen, two bedrooms and a bathroom. Renovated in 2016, with a lift, air conditioning, gas heating, an armoured door and 5 m² of balconies. The metro station is 250 m away. Such apartments in the centre rent for $990 (€875) a month on average, about 7.9% a year.
A bright dual-aspect two-bedroom apartment minutes from the sea
from $163,000
A 73 m² apartment on the 2nd floor of a building from 1981 in Kallipoli, on the Piraeus peninsula: two bedrooms, a living room, windows on two sides and plenty of light. Partly renovated in 2015, with a lift. The Piraiki seafront is a few minutes' walk, and central Athens is a metro ride away. Such apartments in Piraeus rent for $900 (€800) a month on average, about 6.6% a year.
A spacious two-bedroom apartment with a storage room in Crete's main city
from $180,000
A 90 m² apartment on the 3rd floor of a building from 1971 in the quiet Mastambas area: a living room, a separate kitchen, two bedrooms, a bathroom and a storage room; the building has no lift. The centre of Heraklion, schools and shops are close. Heraklion is the main city of Crete, with an airport and a university, and homes here are rented all year. Such apartments rent for $910 (€810) a month on average, about 6.1% a year.
A dual-aspect two-bedroom apartment on the southern coast of Athens
from $321,000
A 90 m² apartment on the 2nd floor of a well-kept building from 1989 in Ano Glyfada: a spacious living room, two bedrooms and windows on two sides. Glyfada is a green district on the southern coast of Athens with beaches, marinas and shopping streets, and homes here are rented all year. Such apartments rent for $1,630 (€1,450) a month on average, about 6.1% a year.
A new 139 m² three-bedroom apartment for a Greek residence permit
from $517,000
A new 139 m² apartment on the 5th floor of a building from 2025 in Volos: three bedrooms, two bathrooms, a living room and a kitchen, fully finished, energy class A+. Volos is in the $450,000 (400,000 euros) threshold zone, and the apartment is over 120 m², so it meets the investor residence terms. Before the deposit we check whether the developer sells with the 3.09% tax instead of 24% VAT. The residence card is issued for 5 years to the whole family at once.
The price is the seller's price in 2026, in dollars rounded up to the thousand, in euros in brackets. Each apartment costs no more than the lowest price of similar apartments in the district plus 10%, the residence apartment from the threshold of $450,000 (400,000 euros) and from 120 m². The monthly rent is the average of long-term rental listings for similar apartments in the city. We check the cards monthly and replace a sold apartment with one of the same type and price.
How much an apartment costs in Greece in 2026
According to the Bank of Greece, apartment prices rose 5.5% over the year: new ones by 6.2%, older ones by 5.0%. Prices are rising fastest not in the capital but in the provinces and on the islands. In Attica, including Athens, the average price of actual deals is above $3,400 per square metre, so a 70 m² apartment costs about $240,000.
| Where | Apartment price change over the year |
|---|---|
| Provinces and islands | +7.1% |
| Other large cities | +5.4% |
| Athens | +5.0% |
| Thessaloniki | +4.7% |
| Greece on average | +5.5%, new apartments +6.2% |
Data for 2026: the Bank of Greece apartment price index, change over the year.
What yield renting out gives
The gross yield from long-term rent in Athens is about 5.5% a year before tax. The apartments in the cards in Piraeus, Glyfada and Heraklion rent at 6.1-6.6%, and those in Volos and central Thessaloniki at 7.3-7.9%. New short-term rental registrations are frozen in three central districts of Athens for 2025-2026, so the yields of the apartments in the cards are calculated on long-term rent.
| Tax | Rate |
|---|---|
| Income from letting a home | 15% up to $14,000 (12,000 euros) a year, 35% up to $40,000 (35,000 euros), 45% above |
| Unified property tax | every year, the amount depends on the area, location and features of the apartment |
| 15% tax on the gain from a sale | suspended until 31 December 2026 |
Data for 2026: the yield is the Athens average; countries are compared in the rental yield table.
Tax on rent from a Greek apartment is paid in Greece, whether or not the owner lives there. Rates and examples are on the page taxes in Greece.
What costs to add to the property price
| Payment | Amount |
|---|---|
| Property transfer tax | 3.09% of the price or the cadastral value, whichever is higher |
| VAT on a new home from a developer | 24%; until 31 December 2026 a new apartment can be bought with the 3.09% tax if the developer has chosen that regime |
| Notary, lawyer and land registry | paid separately from the tax |
| Greek tax number and a Greek bank account | needed before the deal; payment is cashless only |
| Tax for buyers from outside the EU | the government has announced 15% plus a local levy from 1 July 2027 for those without long-term residence; the law has not been passed yet |
Data for 2026. A separate purchase permit is needed only in border areas and on some islands. More on the tax from 2027 in the article the 15% tax for foreigners in Greece. A manager calculates the total for a specific apartment.
In Greece the land registry and unauthorised additions are checked before the deposit
Mistakes cost more than the tax: an apartment with an unauthorised addition or an enclosed balcony that cannot be sold until it is legalised, unpaid unified property tax, a home outside the right residence threshold zone or under 120 m². Murblz support removes these risks: we find a property for the budget and goal, check the land registry, debts and areas, get the tax number and bank account and take the deal through to registration.
The cost of support depends on the purchase budget and the goal - investment, relocation or a residence permit; a manager calculates it in the chat.
Does buying give a residence permit
Yes, a 5-year investor residence permit for the whole family for one apartment or house of at least 120 m². The thresholds apply from 1 September 2024 under Law 5100/2024: $899,000 (800,000 euros) in Attica, the Thessaloniki area, Mykonos, Santorini and islands with more than 3,100 residents, including Crete, and $450,000 (400,000 euros) in the rest of Greece. A residence property cannot be let short term. The new 139 m² apartment in Volos in the cards meets the threshold, and a manager will send other properties from this amount to the chat.
From $281,000 (250,000 euros) residence is given only for converting a commercial space into a home or restoring a listed building. The card is renewed every 5 years while the investment is kept, and you do not need to live in Greece for that. A citizen of any country can buy an apartment without a residence permit. More on the page Greece residence by investment.
How we find a property
- Budget and goal: investment, a home for relocation or an investor residence permit. The manager clarifies the city, district and how you will pay.
- A selection of real properties: apartments with the seller's price, floor area, year of construction and a yield calculation.
- Checks: ownership and encumbrances at the land registry, tax debts, unauthorised additions, the energy certificate and the residence threshold zone.
- A remote deal by power of attorney: a Greek tax number, a bank account, the contract at a notary and registration at the land registry.
The manager sends the selection to the chat, with sellers' prices on the date of the selection.
Options in other countries
Investment property in other countries:
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- Investment property in Brazil: what to buy and what it costs
- Investment property in Georgia: what to buy and what it costs
- Investment property in Spain: what to buy and what it costs
- Investment property in Italy: what to buy and what it costs
- Investment property in Bulgaria: what to buy and what it costs
- Investment property in Cyprus: what to buy and what it costs
- Investment property in Montenegro: what to buy and what it costs
- Investment property in Thailand: what to buy and what it costs
- Investment property in Bali: what to buy and what it costs
More on buying in this country:
- Property in Greece for foreigners: rules, taxes and the deal
- How to buy an apartment in Greece
- Greece residence by investment
- Taxes in Greece
- Athens: city and relocation guide
- Thessaloniki: city and relocation guide
All countries and budgets compared - on the page Investment property abroad.
FAQ
How much does an apartment in Greece cost in 2026?
Can foreigners buy property in Greece?
Does buying an apartment give a residence permit in Greece?
What yield does letting an apartment in Greece give?
What taxes apply when buying an apartment in Greece?
Will Greece introduce a 15% tax for foreigners?
Where to buy an apartment for investment in Greece?
Can I buy an apartment in Greece remotely?
Don’t want to figure this out alone?
We handle the whole process end to end: we shortlist properties for your goal, run legal checks and support the deal through to registration. Ask your question in the chat: the free consultation starts right here. Legal representation before authorities and courts is handled by Murblz specialists together with locally licensed partners.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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