International buyers boost home rates in Thessaloniki

International buyers boost home rates in Thessaloniki

The housing market in Thessaloniki is picking up as residential property prices rose by 7.6 percent last year, outperforming the national average of 7.4 percent, according to data from the Bank of Greece.

The bulk of demand came from foreign buyers, which can be split into two categories: those who invest in entire buildings or apartment blocks so as to develop hospitality infrastructure, and those who invest privately for the acquisition of apartments so as to receive the five-year residence permit awarded through the Golden Visa program, an analysis by property surveyor Alexandros Vassiliou illustrated at a recent event organized by the Hellenic Valuation Institute.

Vassiliou argued that the Greek city with the highest increase in investment interest last year was Thessaloniki, amounting to 26.8 percent.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.