Greek housing market maintains upward trend

Apartment prices in Greece recorded an annual increase of 7.6 per cent in 2025, according to provisional data released this week by the Bank of Greece.

The figures showed that prices for apartments continued to rise across the country, reflecting sustained demand in the housing market.

In the fourth quarter of 2025, apartment prices increased by 7.4 per cent for new properties aged up to five years.

Over the same period, prices for older apartments rose by 7.8 per cent, referring to properties older than five years.

For the full year 2025, the average annual increase for new apartments stood at 7.4 per cent, compared with a higher rate of 10.2 per cent in 2024.

Meanwhile, older apartments recorded an average annual increase of 8.1 per cent in 2025, slightly lower than the 8.4 per cent increase seen in 2024.

Regional analysis showed that price increases varied significantly across different areas of Greece.

In the fourth quarter of 2025, apartment prices rose by 5.9 per cent in Athens.

In Thessaloniki, prices increased by 8.0 per cent over the same period.

Other major cities recorded a stronger rise of 10.5 per cent, while other regions of the country saw an increase of 8.6 per cent.

For the full year 2025, prices in Athens increased by 6.2 per cent, while Thessaloniki recorded a 9.6 per cent rise.

Other large cities saw annual growth of 9.8 per cent, while the rest of the country recorded an 8.8 per cent increase.

Across all urban areas, apartment prices rose by an average of 7.3 per cent in the fourth quarter of 2025 compared with the same quarter of the previous year.

For the full year, the average annual increase in urban apartment prices reached 7.5 per cent, confirming the continued upward trajectory of the Greek housing market.