Greek commercial property market sees price rise and strong investment activity

The Greek commercial real‑estate sector continues to expand. Bank of Greece data show office prices up 5.1 % and high‑standard shop prices up 4.8 % in 2025, with Athens leading the price surge – a 7 % increase that pushes local values about 15 % above 2010 levels. Overall, commercial‑property investments surpassed €2.9 billion in 2025, driven by both domestic and foreign investors. Foreign capital remains a key source, with a sizeable share of purchases aimed at offices, logistics, tourism‑related assets and emerging segments such as data centres and specialised housing.

Land‑plot values in the Attica region have doubled over the past decade, although the rate of increase slowed in 2026. Prices rose 48 % between 2017‑2026, with the strongest gains in the Ampelokipoi and Peristeri districts. Construction costs have risen by more than 10 % amid geopolitical tensions and regulatory changes, adding pressure on developers.

Demand stays robust, underpinned by rising private consumption, a rebound in tourism, and a shift back to physical workplaces after a decline in remote‑working. The market’s dynamism is reflected in diversified investment focuses, from traditional office and retail spaces to logistics warehouses and specialised residential formats.