APPARTMENT PRICE INDEX SURPASSES 2007 LEVEL IN Q3_2024
Y-O-Y change broken by area: Country + 7.8%, Athens + 7.7%, Thessaloniki + 12.1%, Major cities + 4.9%, Rest: + 9.5%. Y-O-Y change broken by age: New apartments + 9.7%, Old apartments + 6.6%. Price Index (Country level) reached 100.9 (2007 = 100).
APARTMENT PRICES CONTINUED TO INCREASE IN Q2_2024
Y-O-Y change broken by area: Country + 9.2%, Athens + 9.1%, Thessaloniki + 12.1%, Major cities + 7.3%, Rest: + 10.4%. Y-O-Y change broken by age: New apartments + 10.7%, Old apartments + 8.3%. Price Index (Country level) reached 99.7 (2007 = 100).
APARTMENT PRICES CONTINUED TO RISE IN Q1_2024
Y-O-Y change broken by area: Country + 10.4%, Athens + 9.4%, Thessaloniki + 12.2%, Major cities + 10.3%, Rest: + 12.1%. Y-O-Y change broken by age: New apartments + 10.8%, Old apartments + 10.1%. Price Index (Country level) reached 98.0 (2007 = 100).
EUROPEAN SYSTEMIC RISK BOARD (ESRB): HOUSING MARKET IN GREECE CONTINUES TO EXPAND
The annual growth rates of nominal house prices gradually increased from around 4% in 2021 to 14% in the second quarter of 2023. Despite strong house price dynamics, valuation metrics indicate that house prices are still undervalued. Loan demand from households has declined in recent quarters on account of higher