Q3 2025: 7.7% ANNUAL INCREASE IN APARTMENT PRICES NATIONWIDE
Y-O-Y change broken by area: Country +7.7%, Athens + 6.6%, Thessaloniki + 9.6%, Major cities +8.9%, Rest: + 8.5%. Y-O-Y change broken by age: New apartments +6.6%, Old apartments 8.5%. Price Index (Country level) reached 109.5 (2007 = 100).
Q2 2025: 7.3% ANNUAL INCREASE IN APARTMENT PRICES NATIONWIDE
Y-O-Y change broken by area: Country +7.3%, Athens + 5.9%, Thessaloniki + 8.8%, Major cities +8.5%, Rest: + 8.8%. Y-O-Y change broken by age: New apartments +6.8%, Old apartments 7.6%. Price Index (Country level) reached 107.5 (2007 = 100).
Q1 2025: 6.8% ANNUAL INCREASE IN APARTMENT PRICES NATIONWIDE
Y-O-Y change broken by area: Country + 6.8%, Athens + 5.5%, Thessaloniki + 10.0%, Major cities + 7.3%, Rest: + 8.0%. Y-O-Y change broken by age: New apartments + 8.0%, Old apartments + 6.0%. Price Index (Country level) reached 105.1 (2007 = 100).
APPARTMENT PRICES GROWTH AT +6.6% IN Q4_2024 vs Q4_2023
Y-O-Y change broken by area: Country + 6.6%, Athens + 6.2%, Thessaloniki + 8.2%, Major cities + 4.6%, Rest: + 8.7%. Y-O-Y change broken by age: New apartments + 9.1%, Old apartments + 4.9%. Price Index (Country level) reached 101.9 (2007 = 100).
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
NATIONAL BANK OF GREECE: THE HOUSING MARKET RECOVERY CONTINUES
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.
APARTMENT PRICES CONTINUED TO RISE IN Q1_2023
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).