Piraeus, the historic port city near Athens, is experiencing a striking surge in property values, emerging as Greece’s top-performing real estate market amid rising interest from Golden Visa investors. According to new data released by Astons, international experts in citizenship and real estate investment, Piraeus saw property prices climb by an impressive 27.8% over the past 12 months.
As one of the most sought-after Tier A investment zones under Greece’s Golden Visa program, Piraeus benefits from high investor demand and a wave of urban regeneration. The average price per square metre has risen from €2,000 to €2,556, meaning a typical 120-square-metre property now costs approximately €306,720. However, investors targeting this prime area should note the higher minimum investment threshold of €800,000 required to secure residency.
Greece operates a three-tier structure for its Golden Visa program. Tier A covers the most popular areas—such as Athens, Thessaloniki, and the islands—and mandates the highest entry investment. Tier B includes all other areas, where the threshold drops to €400,000. Tier C offers the most accessible route, requiring a minimum investment of just €250,000, but is limited to the conversion of commercial properties into residential use.
The data also highlights other high-growth locations across Greece. Kavala Prefecture, located in Eastern Macedonia and Thrace and classified as a Tier B area, recorded a 20.9% annual price increase, bringing the average cost of a home to €195,600. This makes it an attractive option for investors seeking lower entry points with solid return potential.
Several other regions reported double-digit growth as well. Chios Prefecture saw a 20.6% rise, the Sporades islands grew by 19.9%, and Grevena posted a 17.5% increase. Other top-performing areas include Lakonia, Chalkidiki, Messina, Achaia, and the popular island of Zakynthos.
Astons also noted a growing trend among developers, particularly in desirable Attica neighborhoods like Piraeus, Vouliagmeni, and Glyfada. Older commercial properties—such as disused hotels and offices—are being stripped back and transformed into eco-friendly residential units. These conversions often qualify under the €250,000 Tier C category, offering investors a more affordable pathway to residency without compromising on location or quality.
The Greek Golden Visa program continues to be a top draw for international investors, combining access to the Schengen zone with the potential for strong returns in a revitalized property market. With areas like Piraeus leading the charge, the program is helping fuel urban renewal and economic growth across the country.
