The origins of the village can be trace back to 1193 when Affreca the wife of John de Courcy (anglo-norman invader) founded the abbey from which it takes its name. Currently the village hosts a number of good antique shops.
Greyabbey is home to the ruins of a Cistercian abbey founded in 1193 by Affreca, wife of John de Courcy. The Abbey is set in the landscaped parkland of the 18th Century Rosemount House; however, visitors should note that these grounds are private. Visitors are welcome to wander among the ruins and the lawns, where picnics are also permitted.