Diversify Your Portfolio with Piraeus Investment PropertiesCommercial harbor withrising residential blocks

Real estate in Piraeus, Greece: portside growth with commercial value and urban transformation

Why invest in property in Piraeus

Piraeus, Athens’ historic port and one of the largest in the Mediterranean, is undergoing major revitalization, making it a key location for real estate investment. Traditionally an industrial and maritime hub, Piraeus is transforming into a dynamic urban zone with growing residential, commercial, and tourism demand.

Its strategic location — minutes from central Athens and the gateway to Greece’s islands — combined with infrastructure upgrades, marina development, and new retail and office spaces, is driving investor interest. Real estate in Piraeus offers affordable entry points, rising yields, and Golden Visa opportunities.

Types of real estate available

The property market in Piraeus is varied and evolving, with options for residential, commercial, and mixed-use investors:

• Affordable apartments near the port and metro lines — attractive for rental income.
• Renovated lofts and studios — ideal for student housing or urban short-term stays.
• Commercial real estate — offices, warehouses, and retail near the port and logistics corridors.
• New residential buildings in gentrifying neighborhoods — for mid- to long-term capital appreciation.
• Mixed-use buildings — with potential for conversions into boutique hotels or serviced apartments.

The city's growth is driven by both organic demand from residents and strategic projects like the Piraeus Tower redevelopment and cruise port expansion.

Foreign ownership and legal aspects

Greece’s property laws are favorable for foreign investors, and Piraeus is no exception:

• 100% freehold ownership available to foreigners
• Golden Visa eligibility at the €250,000 level for most residential properties in Piraeus
• Secure transactions managed through licensed notaries and property lawyers
• Remote purchasing possible via power of attorney

VelesClub Int. offers full legal support, zoning analysis, and assistance with Golden Visa processing for buyers in the Piraeus region.

Property prices and rental yields

Piraeus offers significantly lower entry prices than central Athens or the Riviera, while benefiting from urban momentum. As of 2025:

• Older apartments: €1,200–€2,500/m² depending on location and condition
• New or renovated units: €2,000–€3,800/m² near transport hubs or waterfront
• Commercial properties: €1,500–€3,000/m² depending on usage and size

Rental yields range from 5%–8% for long-term tenants, and up to 9% for short-term rentals targeting cruise passengers or business travelers. Student and port-related rental demand adds further depth to the market.

Neighborhoods and lifestyle

Piraeus is a city of contrast — maritime heritage, emerging residential pockets, and modern developments. Notable areas include:

• Kastella: Charming hilltop neighborhood with sea views — rising interest from lifestyle buyers.
• Pasalimani (Zea Marina): Vibrant waterfront with cafes, yachts, and short-stay potential.
• Downtown Piraeus: Commercial and transport core — offices, retail, and mixed-use buildings.
• Freattyda and Mikrolimano: Upscale waterfront zones with dining, nightlife, and high-end apartments.
• Tavros and Nikaia: Gentrifying inner suburbs with redevelopment projects and metro access.

Piraeus offers urban living with maritime charm, excellent transport links (metro, suburban rail, ferry), and growing cultural and commercial infrastructure.

Who buys real estate in Piraeus

The buyer profile in Piraeus is becoming more diverse as the area transforms:

• Greek investors purchasing rental apartments near the port
• Golden Visa applicants seeking affordable urban properties
• Entrepreneurs converting buildings into hospitality or student housing
• Foreigners interested in long-term rentals near Athens with better yields
• Professionals and expats working in maritime and logistics sectors

With the metro connecting Piraeus directly to Athens International Airport, demand is expected to rise further among international buyers and visitors.

How VelesClub Int. helps you

VelesClub Int. offers complete investor services for real estate in Piraeus:

• Access to vetted residential and commercial listings, including off-market deals
• Golden Visa structuring for eligible property purchases
• Rental yield modeling and property management setup
• Legal and tax assistance, including POA and remote acquisition
• Support with renovation, permitting, and adaptive reuse of older buildings

Whether you're acquiring a seafront apartment, investing in a mixed-use building, or targeting Piraeus for its logistical and tourism potential, VelesClub Int. ensures a secure, profitable, and future-proof investment process.