The relentless rise in Athen’s property prices is continuing, with new-build
The relentless rise in Athen’s property prices is continuing, with new-build apartments still becoming increasingly expensive, even as the market shows clear signs of slowing momentum.
According to the Bank of Greece, residential property prices are expected to keep increasing through 2026, albeit at a more moderate pace than in recent years, as the housing market gradually enters a more mature phase. The central bank notes that while demand remains strong, price growth is beginning to decelerate compared with the post-pandemic surge.
Price growth eases in 2025
Data from the Bank of Greece show that the upward trend in home prices continued through the third quarter of 2025, though at a slower rate than in 2024. During the first nine months of 2025, apartment prices rose by 7.5% in nominal terms, down from a 9.7% increase over the same period a year earlier.
A separate survey by Geoaxis Property & Valuation Services offers a more detailed look at the market, particularly for new-build homes. In the third quarter of 2025, prices of newly built apartments rose by 6.07% year-on-year, while prices of older, resale apartments increased slightly more, by 6.65%.
Both figures point to a cooling
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