Top 14 Real Estate Projects in Greece in 2024

Are you able to figure out some of the best real estate projects in Greece in 2024 if you do it by yourself? Is it even possible to explain how lost and frustrated you feel when you try to find specific information, yet it keeps slipping out of your grip?

Good developments are not easy to pinpoint. If we’re being completely honest, it’s easier to make a bad choice, than it is to make a right one, so your feelings are justified. You must make a choice based on correct information.

We have decided to create a list of the top real estate projects in 2024 and help you make a life-altering choice. So without further ado, here are projects worth your time and investment.   

1. Allure, Kallithea

Allure is a luxurious, 7-story building with 38 apartments, with surfaces ranging from 30 to 68 sq.m, providing various spaces to suit different needs and preferences. Each apartment will be carefully styled and planned to maximize utility and comfort, providing residents with a sleek and contemporary look. Allure represents an ideal escape from the ordinary by ensuring comfort and relaxation that enhances the quality of life. 

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Situated in the Athens, Kallithea area, this project stands on an 848 sq.m. plot with a shared garden, a pool, and high-quality amenities that enrich the lifestyle of its residents. Allure’s location and the design of its apartments make it a perfect real estate to consider, especially if you love a beautiful, warm climate and sunny days.

2. Laurel, Athens

Laurel is a project situated in Greece, Athens, Dafni area. The apartments are perfect for accommodating young professionals and students from the area, considering they will feature 1,200 sq.m. of retail space, leased to two Triple-A tenants. Additionally, it will include three floors of serviced apartments, with 19 units on each level.

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The apartments’ surface area is 23 sq.m. Laurel is a great investment opportunity for ambitious investors since it has a great location, 57 serviced apartments in total, and amazing space for retail. 

3. Iliso Suites, Athens

Situated only 6 kilometers from the city center of Athens, Iliso Suites is a contemporary project launching in April 2025, featuring 56 two-bedroom apartments on the Athens Riviera. The size of units spans between 74-106 sq.m. It has been designed for contemporary living due to its distinctive environment that evokes the senses. 

The main materials are wood, marble, and stone - the areas are a blend of indoor/outdoor, offering spacious and beautiful impressions with courtyards that extend the living areas. It’s important to note that Iliso Suits are VAT-FREE, and they are offering buyers a 24% savings. Furthermore, Athens Riviera is currently undergoing a €10 billion upgrade with marinas, parks, hotels, casinos, and more, which automatically enhances the area’s appeal and potential. 

4. San Diego Residences, Athens

SAN DIEGO Residences is a refreshing residential development situated in the leafy suburb of Aharnes, Athens. This gorgeous project is appealing to a lot of potential investors. It is sensible, attractive, and appealing in its architectural design and utility, featuring 13 modern apartments on 7 floors, offering a green environment that perfectly blends nature and modernity. 

It is set 10 minutes away from Kifisia, only 140 meters from the bus station, and 110 meters away from the local supermarket. It is in a convenient location that will only make you like this place more. 

5. Orange County Residences, Athens

ORANGE COUNTY Residences has a collection of 11 contemporary apartments to offer. The apartments are set on four levels, and their size ranges from 52 to 77 sq.m, each offering spacious balconies and ultimate, modern comfort. They are of contemporary design, yet work really well with the serene, green suburb of Aharnes. 

It is a 10-minute drive away from Kifisia, in a peaceful, lush location, only 20 meters away from the nearest bus station, and some 600 meters from Aharnes central square. This location offers a lot of possibilities for those who love a more peaceful area, yet still enjoy venturing into the city lifestyle once in a while.

6. Long Beach Residences, Athens

LONG BEACH Residences have found their deserved place in the quiet, peaceful, and luscious suburb of Aharnes. It features six contemporary apartments all spread over three levels. One of the greatest and most convenient features the apartments offer are spacious balconies and private parking. 

This development offers a perfect balance of urban and suburban life, where you can reap the benefits of both: you have a peaceful, green environment, yet you are close to city and local amenities. It is only a 10-minute drive away from Kifisia, 300 meters from Aharnes central square, and 65 meters from the bus station. When they said you can’t have the best of both worlds - they still, clearly, haven’t seen this V2 project.

7. Costa Mesa Residences, Athens

V2 Development has created another project waiting for an ideal audience to capture it. With materials like stone, glass, concrete, and pops of green, they have created and designed a real, contemporary castle located in the verdant atmosphere of the Aharnes. Costa Mesa Residences consists of 9 modern apartments spread across 3 stories.

Its convenient location near shopping and recreational facilities ensures its irrevocable appeal. These local amenities, with the fact that it’s only a 10-minute drive away from Kifisia, make it an ideal place for someone who is looking for a piece of space that is adorned in both nature and urbanism.

8. The Meditteranean, Athens

This project developed by the DKG is a result of a collaboration with a renowned architect Jean-Pierre Heim. He used the symbol of Greece, the olive tree, to inspire his architectural design, and infuse the interior and exterior features with it. The olive tree symbolism is associated with peace, prosperity and beauty, which further emphasizes the beauty and significance of The Mediterranean project.

With the help of his daughter, Caroline Heim, Jean-Pierre Heim created a project that became a key feature of the Pireus landscape. Her interior design expertise and experience have helped create a perfect elegance in the interior and exterior of the building. 

9. The Green, Athens

The Green is a development that is going to be constructed to the highest standards, incorporating bioclimatic features and following sustainability guidelines. The building is going to offer luxurious, modern, living spaces, while also raising awareness about environmental responsibility and energy-efficiency. This is an ideal opportunity for individuals that are aware of the current eco-practices, yet also enjoy a beautiful, and comfortable space for living.

10. Navarino Residences, Messinia

Navarino Residences is a collection of luxury villas within the multi-awarded Navarino Dunes 5* resort in Costa Navarino, in Messinia in South-West Peloponnese. This development offers 3-6 bedroom luxury properties with spectacular views of the Ionian Sea, no matter if you are on the beach or hillside, surrounded by verdant olive trees. Although the project respects tradition and natural materials, the design and configuration are created by the latest standards. 

The space includes two signature 18-hole golf courses, kid’s facilities, and the 4,000 sq.m. Anazoe Spa, has more than 20 restaurants, bars and cafes, sports and cultural activities for all ages, and more. Since you can have your vegetable gardens, vineyards, and olive groves, the property offers the opportunity for a self-sustainable lifestyle.

11. Elounda Hills, Crete

Elounda Hills is an upcoming luxury resort that combines 21st-century living and sophisticated design with environmental consciousness. The project includes a 5-star hotel operated by 1 Hotel & Homes, a Camper & Nicholson marina, beach clubs, botanical gardens, and an amphitheater. It contains 600 private villas, townhouses, and apartments along 2 km of coastline. 

12. Aphrodite Beachfront I & II, Crete

The internationally awarded project Aphrodite is only 15 minutes away from the city of Chania, west of Crete. Aphrodite offers 1-2-3 bedroom apartments, penthouses with roof gardens, 3-bedroom maisonettes, and villas with a large themed communal pool. The project is adorned with local materials and a lush landscape, with a gentle stream running through.

13. Fournadeo Hills Villas, Crete

Located only one kilometer from the fishing port of Kasteli, and near the beaches of Falasarna and Balos, Fournado Hills is an excellent choice if you always wanted to own an exclusive property in Greece. Greece offers an excellent quality of life, low cost of living and free government healthcare and education. Fournadeo Hills Villas has six luxurious properties for sale in their roster. 

14. Santorini Villas, Santorini

If you’ve always been fascinated with the characteristic white and blue, Santoriniesque, Greek architecture, then Santorini Villas could be perfect for you. Designed in a traditional Cycladic architectural aesthetic, these villas feature luxurious 1-2-3 bedroom bungalows, and two storey villas. It is close to all the necessary local amenities, like the airport, the sea, shops, etc. 

Current State of the Real Estate Market in Greece in 2024

Average sale price for residential real estate in Greece in 2nd quarter 2024, by area (in EUR per square meter), Source: Statista.com

According to the Bank of Greece, prices of real estate in Athens rose by approximately 32% between 2018 and 2022.

The house prices continue to grow because of the strong demand from foreign homebuyers, growing residential construction activity, and continued economic growth in Greece. In urban areas, house prices have risen by 10.76% in Q1 2024. However, despite this immense growth, Greece still remains one of the most affordable countries in Europe when it comes to real estate. 

The Golden Visa program has been an essential aspect of foreign investment in Greece’s real estate market. This program was launched in 2013, and it offers residency to non-EU citizens who invest at least €250,000 in Greece real estate. It has been extremely successful with investors from China, Russia, and the Middle East. By 2023, over 10,000 Golden Visas have been issued, which brought more than €2.5 billion to the Greek real estate sector.

State of Real Estate Projects in Athens

Athens real estate market and projects are expected to stay prosperous towards the end of 2024, and entering 2025. This economic boom is supported by initiatives like the Golden Visa program. The Athen’s real estate market offers both affordable and luxurious options for potential buyers and investors.  In Athens, house prices rose by 9.35% in Q1 2024 compared to last year

Luxury real estate in Athens, specifically in areas like the Athenian Riviera and Kolonaki, are becoming increasingly popular. Areas with gorgeous nature and picturesque scenery are experiencing high capital growth. Tax reductions and easier property transactions support this growth.

What’s the State of Real Estate Projects in Thessaloniki?

Compared to Athens, Thessaloniki’s real estate tends to be more affordable, averaging at a price of €2,352 per sq.m. It is ideal for people looking for a balance between historical appeal and Greece’s economic potential. The city offers diverse property opportunities that can fit into different budgets and preferences. In Thessaloniki, there is a house price growth of 12.19% in Q1 2024. 

Thessaloniki has a strong rental market, with rental yields topping 7% in areas like Ladadika and Kalamaria, which offers income opportunities for investors. Properties in Thessaloniki showcase Byzantine architectural influence that adds unique market value. Over the years, the value of real estate in Thessaloniki has risen, and are expected to grow even more, for example, Ladadika area homes are worth around €567,300.

Crete - Current Status of Real Estate Developments

The fact that Crete attracts over 3 million tourists annually has been influencing its real estate market and developments throughout the years. It has a growing demand for projects and properties, and it offers continuous development, infrastructure improvement and accessibility which inspires long-term growth and profitability potential. Crete offers a range of properties to choose from, like modern houses, residential properties, land plots, etc. 

Here are some of the popular development areas in Crete and their starting property price per sq.m:

Kredium Helps You Take the Next Steps

Having insight into some of the best real estate projects in Greece in 2024 could influence your decision of investing in, or purchasing a property in Greece a big way. Gathering information about the current state of the real estate market in Greece, key trends that are shaping their market, and potential investment opportunities is of utmost importance. 

Whether you want to learn more about the ongoing or completed projects in Greece, you want to get mortgage in Greece as a foreigner or are curious about certain investment opportunities in Athens, Thessaloniki, or Crete, Kredium is there to help. Contact our experts and get all the information you need today! 

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