The year began with another rise in housing prices. Based on available provisional data from the Bank of Greece, it is estimated that in the first quarter of 2026, apartment prices (in nominal terms) rose by an average of 5.7% compared to the corresponding quarter of 2025. For 2025, apartment prices rose at an average annual rate of 8.1% (revised data), compared to a 9.1% increase in 2024.
More specifically, the price increase in the first quarter of 2026 compared to the corresponding quarter of 2025 was 6.0% for new apartments, i.e., those up to 5 years old, and 5.5% for older ones, i.e., those over 5 years old.
Based on the revised data, the average annual rate of price increase for new apartments in 2025 was 7.7%, compared to an increase of 10.2% in 2024, while the average annual growth rate for older apartments stood at 8.4% in 2025, compared to a corresponding increase of 8.4% in 2024.
An analysis of the data by geographic region shows that the increase in apartment prices in the first quarter of 2026, compared to the corresponding quarter of 2025, was 5.2% in Athens, 6.4% in Thessaloniki, 5.4% in other major cities, and 6.9% in the rest of the country.
For the whole of 2025, the increase in prices in the same regions compared to 2024 was 6.5%, 9.7%, 10.2%, and 9.1%, respectively (revised data).
Finally, for all urban areas in the country, in the first quarter of 2026, apartment prices were on average 5.6% higher compared to the first quarter of 2025, while for 2025 the average annual increase stood at 7.8% (revised data).
