(Article Updated: 29-April-2025)
With property prices increasing by a staggering 83.8% over the past five years (2019-2024) and a record-breaking 39.9% increase in 2024 alone, the port city has outperformed most other regions in Attica. Since 483 BC, the port of Piraeus has been considered the main harbour of the country and an important world cargo hub, located at the crossroads of sea routes connecting Northern Europe, the Mediterranean and the Far East.
It is ranked 39th in the world in terms of cargo traffic. More than 700 luxury tourist cruise liners and thousands of snow-white yachts dock at its berths every year. The rapid development of trade and tourism guarantees a quick return on investment in the short-medium term.
Key Takeaways:
The area’s transformation, supported by transport upgrades, green initiatives, and smart tax policies, is attracting strong investor interest.
Tourism and business growth are fuelling high rental demand, particularly for short-term stays, with yields peaking during high seasons.
Multiple large-scale developments are revitalising neighbourhoods, signalling long-term value appreciation for early entrants.
How Piraeus’s Infrastructure Boosts Property Values
The port’s rapid transformation into a prime real estate destination is closely tied to its infrastructure modernisation, sustainability initiatives, and strategic connectivity. Below are key factors driving property value growth in the region:
Electric Tram & Green Mobility: The expansion of electric tram lines and ISAP (electric railway) has reduced road traffic and carbon emissions by 120 tons daily, making the area a model for eco-friendly urban mobility.
Energy Efficiency Rebates: A 40% tax deduction (up to €16,000) is available for energy, functional, and aesthetic upgrades to residential and commercial properties.
Tourism & Cruise Growth: Airbnb occupancy, a typical listing recorded a 72% average occupancy rate between 2023-08 - 2024-07.
EU-Backed Sustainability: The Port Authority (PPA) is targeting net-zero emissions by 2050 through solar-powered terminals and LNG-fuelled ship operations, supported by €150 million in EU grants.
Average Airbnb Occupancy Rate in Athens
Source: airbtics.com
Piraeus Investment Apartments for Sale
Average 6–8% for long-term leases; short-term rentals near the port hit 10% during peak seasons. The areas apartment market is primed for growth, supported by infrastructure upgrades, tax incentives, and its role as a Mediterranean trade hub. Developments like Piraeus Gate exemplify the city’s shift toward sustainable, high-value urban living. Below, we spotlight standout projects, including the Piraeus Gate—a flagship initiative redefining urban living.
Location: Adjacent to the Port and Metro Line 1 (Dimotiko Theatro Station)
A mixed-use complex blending luxury apartments, retail spaces, and co-working hubs.
Sustainability focus: Solar panels, rainwater harvesting, and EV charging stations.
Prime connectivity: 10-minute walk to the port and 12 minutes to the metro.
Unit options: Studios to 3-bedroom units (45–120 m²), priced from €250,000 to €650,000.
ROI potential: Projected 7% annual rental yields due to demand from port professionals and short-term tenants.
Unique Selling Point: LEED Gold certification and rooftop gardens with panoramic sea views.
Regional Perspectives
Porto Leone or Lion Port, as the area used to be called, is an ancient but ever young city. Today, the neighbourhood is undergoing rapid development. In the last few years several large-scale reconstruction projects have been implemented in its territory. There will be offices, residential complexes, recreational areas, shopping centres, restaurants, hospitals, schools, stadiums and entertainment facilities. Local and foreign companies from China, Europe and America are engaged in the renewal and development of the region.
Landmark projects include:
The modernisation of 67% of the Port with Chinese funding of €600 million from COSCO Pacific Limited. It was not until early 2023 that the Port Modernisation Master Plan was approved after Greek President Katerina Sakellaropoulou issued a presidential decree.
The redevelopment of the old Papastratos tobacco factory by a Greek development company that plans to build a modern business and residential neighbourhood there.
Capital allocation by major Greek companies in the Agios Dionysios neighbourhood, creating residential complexes of serviced apartments.
A project worth over €100 million to transform the old CHROPEI factory and the surrounding area into a scientific centre with an adjacent residential and business infrastructure.
A project to transform warehouses in the EOMMEX area into a residential, office and medical centre. On the territory of the former Viohalco factory a project with offices, a hotel and a cultural center will be implemented. The total volume of capital deployment reaches $150 million.
The opening of the Teleperformance contact centre, becoming part of the leading contact centre in Greece.
With a new, stable and progressive business-oriented government in power, the country is experiencing an economic boom. This is leading to growing buyer interest in residential and non-residential properties, especially in and around the capital. The growing energy crisis in Europe is encouraging people to move from the north to warmer regions.
The Property Market in Piraeus
Analysts consider capital expenditure in the port area to be the most promising of all Greek areas and the region itself is placed at the top of the ranking in terms of development. The neighbourhoods close to the port are considered the most promising. Three new metro stations have completely changed the traffic in the region. Funding projects to modernise abandoned areas have revitalised the housing market. Over the next few years, it is planned to commission high-quality, modern facilities that meet high international standards. Apartments in them are bought up at the design stage.
Currently, properties' are available at low prices. Investors who decide to buy property in the area now can expect a significant capital gain, 39.9% in 2024. As the area develops, the demand for property will increase, leading to higher prices in the market.
DKG Development, a leading real estate company, is undeniably contributing to the development and transformation of the area. The company's innovative projects aimed at renovating old buildings and constructing new ones play an important role in attracting foreign capital from all over the world.
Insight and strategic approach allow to attract the attention of the global investor community. Below you can familiarise yourself with the company's current projects in the port area.
Conclusion
The port city area is emerging as one of Greece’s most dynamic urban investment zones, driven by its strategic location, infrastructure upgrades, and a surge in tourism and logistics activity. The dramatic rise in property values—especially in 2024—reflects strong demand and future growth potential. Backed by both public and private investment, the city is undergoing a rapid transformation, offering attractive returns for those entering the market now.