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Greek Real Estate: Steady Growth and New Challenges in 2025

At the start of 2025, the Greek real estate market continues to grow, although the pace of housing price increases has begun to slow down. For potential buyers, this is good news: the market remains active, but without the previous price race.

Moderate Growth After a Rapid Surge

According to recent data from the Bank of Greece, in the first quarter of 2025, average housing prices in cities rose by 6.19% compared to the same period last year. Adjusted for inflation, the growth was 3.53%. This is significantly lower than in 2024, when prices grew by 8.60% in nominal terms and 5.44% in real terms.

Where Are Prices Rising the Most?

Price dynamics vary by region. Thessaloniki leads the way, with a sharp 10% increase. Athens showed a more modest rise of 5.47%, while other urban areas saw an average increase of 7.31%.

Looking at price per square meter:

  • In the prestigious southern suburbs of Athens, prices reached €4,000 per sq.m (+9.17%)

  • In the northern part of the capital, the average price was €3,222 per sq.m (+7.4%)

  • In Thessaloniki, housing averaged €2,558 per sq.m (+12.54%)

What’s Ahead for the Market?

Despite the slowdown in growth, experts maintain a positive outlook. Strong investor interest and stable demand keep the market active.

According to a forecast by the European Banking Authority, housing prices in Greece are expected to rise by 4.4% in 2025, followed by more stable annual growth of around 3.4% until 2027. This indicates a shift toward a more sustainable and predictable market.

In 2025, the Greek real estate market remains an attractive option for both investors and homebuyers. Moderate price increases create a window of opportunity to purchase property before a possible new surge in prices. At the same time, buyers should consider both the current trends and long-term prospects, where affordability and market balance are becoming increasingly important factors.