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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).

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).

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

Until 2024: Excess demand, slow de-escalation of construction costs, prices are expected to rise +7% annually. Until 2030: +45 bn€ additional investment to maintain demand and supply equilibrium and meet the targets for the energy-efficiency upgrade of around 10% of existing residential building stock, +35Κ new residential units.

Y-O-Y change broken by area: Country + 14.5%, Athens + 16.5%, Thessaloniki + 16.1%, Major cities + 13.1%, Rest: + 10.6%. Y-O-Y change broken by age: New apartments + 12.8%, Old apartments + 15.6%. Price Index (Country level) reached 87.9 (2007 = 100).

Historic high for the total amount in 2022: 1,975 bn €. Previous: 1,450 bn € (2019). Euro Area: 590 mn € (Germany: 160 mn €, Cyprus: 134 mn €), Europe non-Euro Area: 106 mn €, Other countries: 1,268 bn € (Hong Kong: 294 mn €, Switzerland: 179 mn €, USA: 166

Athens: +13%, Thessaloniki: +11,8%, Other cities: +10,0%, Other areas: +7,4%

High-end offices, logistics and housing for rent will be at the center of investors’ interest. The catalysts in this direction will be: the Hellinikon project, the development of Public real estate, the Recovery Fund and the investments planned in Greek real estate by large multinational companies.

In U.S., remote work explains over one half of the 23.8 percent national house price increase since late 2019. An additional percentage point of remote work causes a 0.93 percent increase in house prices. Ηouse price growth over the pandemic reflected a change in fundamentals rather than a speculative bubble. Fiscal and

Y-O-Y change broken by area: Country + 8.6%, Athens + 9.7%, Thessaloniki + 8.3%, Major cities + 8.2%, Rest: + 6.4%. Y-O-Y change broken by age: New apartments + 10.3%, Old apartments + 7.4%. Price Index (Country level) reached 75.8 (2007 = 100).