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in Evia

Positive Market Trends in Greece’s Real Estate Sector

The Greek real estate market continues to expand, with official data showing strong price growth in 2023 and a further—though moderating—rise in 2024. Non-resident investment in Greek property reached a record €2.133 billion in 2023 and set a new all-time high in 2024, according to the Bank of Greece. (eKathimerini)

Property Value Appreciation & Outlook

  • Recent performance (actuals): Apartment prices rose +13.4% in 2023 and +8.7% in 2024 nationwide (Bank of Greece). Early Q1 2025 readings show ~+6.8% y/y. (Bank of Greece, MarketScreener)

  • Near-term moderation: External forecasts see growth normalizing to low single digits as the market matures (e.g., ~4.4% for 2025, and <~3.4% p.a. on average for 2025–27). (globalpropertyguide.com)

  • Above the last peak: Research notes the price index has surpassed the 2007 peak, confirming a complete post-crisis recovery. (ΚΕΠΕ)

  • Long-Term Growth: Between 2025 and 2030, property values are expected to increase by 3% annually, indicating a sustainable and balanced growth trajectory.

  • This upward trajectory is fuelled by high demand and a limited supply of premium homes, especially in desirable locations. The average residential property value has risen from $244,800 in 2017 to $292,700 in 2024, with projections reaching approximately $364,500 by 2029.

This trajectory is consistent with strong demand and constrained new supply in desirable coastal regions.

Market Data & Investor Visibility

The Bank of Greece provides transparent, regular releases on price indices and market activity; it also details how direct investment flows (which include real-estate purchases by non-residents) are measured—useful for due diligence. (Bank of Greece)

Why Evia?
A Unique Investment Opportunity : Exclusivity & Natural Beauty

Evia (Euboea), Greece’s second-largest island, combines authentic landscapes and pristine beaches with rare convenience: it’s bridge-connected to the mainland and about 80 km from Athens, eliminating ferry dependency.

Tourism in Greece continues to expand (record travel receipts and overnights in 2023/24), and premium villas with pools and sea views in Evia command robust high-season pricing—commonly ~€350–€600+ per night, based on current listings. (Bank of Greece). Evia offers exclusivity without the commercialisation of other islands.

Investment Snapshot

  • Access advantage: Bridge-connected; ~80 km from Athens (no ferry). (VisitGreece)
  • High-season nightly rates (evidence): ~€350–€600+ for quality villas with pool/sea view. (Booking.com)
  • Gross yield benchmark: Greece avg ~4.6% (Q2 2025). Premium villas with professional management typically target ~6–8% gross in high season. (globalpropertyguide.com)
  • Price momentum: National 2024 apartment prices +8.7% (new: +10.1%, older: +7.8%). (Bank of Greece)

Notes for investors: Gross yield depends on property price, season length, occupancy, and operating costs (management, utilities, taxation). Always model net returns.

Strategic Location & Accessibility

Unlike most islands, Evia benefits from continuous road access. Major upgrades are underway, including the Chalkida–Psachna bypass and the Northern Evia road axis, aimed at safer, faster connections to the north of the island—supporting medium-term accessibility and tourism flows. (Ypodomes.com)

Post-Wildfire Revival : A Region on the Rise
Eco-Tourism & Sustainable Development

Following the 2021 wildfires, Northern Evia’s reconstruction framework (“Evia Meta”) launched a package of infrastructure, environmental and cultural projects (71 actions announced), complemented by regional SII/ITI programs for sustainable development and alternative tourism. (eKathimerini, GTP Headlines, The Region of Central Greece)

Academic work also proposes a strategic, sustainability-led tourism model for Northern & Central Evia, redirecting demand to high-quality, low-impact experiences—well aligned with luxury villa ownership and premium rentals. (MDPI)

What Returns Look Like (Illustrative)

Example (gross):

  • High season: 10–12 weeks at €450/night with 75–85% occupancy → ~€23–€32k
  • Shoulder weeks: +6–8 weeks at €300/night with 50–60% occupancy → ~€6–€10k
  • Illustrative annual gross: ~€29–€42k. On a €600–€700k asset, this sketches a ~4–7% gross yield, which can rise with stronger rates/occupancy or fall after operating costs. (Benchmarks: Greece avg ~4.6%, premium targets ~6–8%.) (globalpropertyguide.com, Booking.com)

Assumptions are for illustration only; build a net-of-costs model for decisions.

Quick ROI Call-outs

  • Target gross yield window: ~6–8% for premium villas (vs ~4.6% national avg). (globalpropertyguide.com)
  • Liquidity & demand: Record non-resident inflows (€2.133bn in 2023; new record in 2024); continued travel-sector strength. (eKathimerini, Bank of Greece)
  • Access & infrastructure: Bridge connectivity + Northern Evia road upgrades. (VisitGreece, Ypodomes.com)

Conclusion: A Pragmatic, High-Quality Investment in Evia

With rising—but moderating—house prices, record foreign investment, improving infrastructure, and evidence-based rental demand for premium villas, Evia offers a compelling blend of lifestyle value and defensible returns. For buyers who want a serene Aegean base with solid fundamentals, Northern Evia is a strong, rational choice. (Bank of Greece, eKathimerini, Ypodomes.com, Booking.com)

More References

  1. Greek Islands Property Investment 2025 https://esalesinternational.com/2025/08/05/greek-islands-property-investment/

  2. Greece’s Real Estate Market Analysis & Forecast (2024 – 2025) https://theluxuryplaybook.com/greeces-real-estate-market-analysis-forecast-2024/

  3. Greek Residential Real Estate: Deep and Structural Imbalances between Supply and Demand https://www.piraeusholdings.gr/en/research/elliniki-oikonomia-kai-kladikes-meletes/2024-2-Greek-Residential-Real-Estate

  4. Residential and commercial property price indices and other short-term indices https://www.bankofgreece.gr/en/statistics/real-estate-market/residential-and-commercial-property-price-indices-and-other-short-term-indices