Average asking prices (AAPs) for homes for sale in Greece are rising at a slower pace than last year, according to data from the Spitogatos SPI price index for the third quarter of 2026. Meanwhile, asking rents are unchanged nationwide, despite increases in Attica and Thessaloniki.
In particular, the average asking price for a home for sale rose by 5.7% year on year, compared with an increase of 10% in the third quarter of 2025. In the rental market, prices were unchanged from a year earlier, after rising by 7.2%.
| Housing market | Year-on-year change, Q3 2026 | Year-on-year change, Q3 2025 |
|---|
| Home sales – Greece | +5.7% | +10.0% |
| Home rentals – Greece | 0% | +7.2% |
| Home sales – Attica | +5.0% | +8.8% |
| Home rentals – Attica | +5.0% | +4.8% |
| Home sales – Thessaloniki | +6.7% | +11.0% |
| Home rentals – Thessaloniki | +5.3% | +7.7% |
In Attica, the increase in asking prices for homes for sale slowed to 5%, from 8.8% a year earlier. By contrast, rents rose slightly faster, with the annual increase reaching 5%, compared with 4.8% in the same quarter of 2025.
In Thessaloniki, sale prices rose by 6.7%, compared with 11% last year, while rent increases slowed to 5.3%, from 7.7%. Despite the slowdown, prices continue to rise in both major urban areas.
Where Greece’s most expensive properties are
Athens’ southern suburbs and the Cyclades remain the country’s most expensive areas for buying a home. The average asking price in the southern suburbs was €4,257 per square metre, while in the Cyclades it reached €4,091.
The top five most expensive areas for buying a home also include Athens’ northern suburbs, the regional unit of Lefkada and the regional unit of Chania.
| Area | Average asking price |
|---|
| Athens’ southern suburbs | €4,257/sq m |
| Cyclades | €4,091/sq m |
| Athens’ northern suburbs | Not stated in the press release |
At the other end of the scale, the regional unit of Kastoria remains the country’s most affordable area for buying a home, with an average asking price of just €577 per square metre. It is followed by the regional units of Kozani, Florina, Kilkis and Karditsa.
In the rental market, Athens’ southern suburbs also have the highest prices, at €13.5 per square metre. The Municipality of Athens and the Cyclades follow, at €12.2 per square metre. The lowest average asking rent is in the regional unit of Kilkis, at €4.8 per square metre.
Vouliagmeni: More than €7,400 per square metre
In Attica, Vouliagmeni remains the most expensive area both to buy and to rent a home. The average asking sale price reached €7,442 per square metre, while the corresponding asking rent was €22.4 per square metre.
| Area of Attica | Sale (€/sq m) | Rent (€/sq m) |
|---|
| Vouliagmeni | 7,442 | 22.4 |
| Voula | 6,389 | Among the top five |
| Elliniko | 5,849 | — |
| Kolonaki – Lycabettus | — | 18.0 |
| Palaio Psychiko | Among the top five | 18.0 |
Among Attica’s most affordable areas for buying a home is Varnavas, at €1,448 per square metre. For rentals, Agios Stefanos has the lowest average asking price, at €6.7 per square metre.
The biggest annual increases in asking prices for homes for sale in Attica were recorded in Nea Filadelfeia, at 23.4%, followed by Drosia, at 22.9%, and Nea Penteli, at 21.3%. In the rental market, Kaisariani led with an increase of 25.7%, followed by Neo Psychiko, at 21.8%, and central Athens, at 19.1%.
Thessaloniki: Kalamaria leads sale prices
In Thessaloniki, Kalamaria remains the most expensive area for buying a home, with an average asking price of €3,243 per square metre. It is followed by central Thessaloniki, at €3,075, and Charilaou, at €3,000 per square metre.
| Area of Thessaloniki | Sale (€/sq m) | Rent (€/sq m) |
|---|
| Kalamaria | 3,243 | — |
| Central Thessaloniki | 3,075 | 12.0 |
| Charilaou | 3,000 | — |
| Vardaris – Lachanokipoi | — | 12.5 |
| Mygdonia | 938 | — |
| Chortiatis | — | 5.4 |
Mygdonia is the most affordable area in Thessaloniki for buying a home, at €938 per square metre. For rentals, the lowest prices are in Chortiatis, at €5.4 per square metre.
In terms of annual changes, Oraiokastro recorded the biggest increase in sale prices, at 27.2%, followed by Xirokrini – Panagia Faneromeni, at 26.6%, and Sfageia – Ichthyoskala, at 24.8%. In the rental market, the biggest increase was in Epanomi, at 30.5%.
Mortgages: Financing reaches 81.6% for loans of €100,000–€150,000
Alongside rising home prices, the share of a property’s value financed by banks through mortgage loans is also increasing. According to data from IMS-FC, a strategic partner of Spitogatos, the average Loan to Value (LTV) ratio rose across all loan categories in the third quarter of 2026.
The largest increase was recorded for mortgage loans of €100,000 to €150,000. The average LTV ratio reached 81.6%, up from 72.6% a year earlier, an increase of 9 percentage points.
| Mortgage loan amount | Average LTV, Q3 2026 | Average LTV, Q3 2025 |
|---|
| Up to €50,000 | 66.7% | 64.2% |
| €100,000–€150,000 | 81.6% | 72.6% |
| Loans above €100,000, overall | 80.2%–82.8% | No single figure reported |
According to IMS-FC, rising property prices increase the amount buyers need to contribute themselves, prompting them to seek higher levels of bank financing. Depending on the borrower’s credit profile, financing can reach up to 90% of the property’s appraised value.
Approval rates for the amount borrowers initially request also remain high. The rate reaches 95.5% for loans of €70,000 to €100,000 and 92.3% for loans of up to €50,000. For larger loan categories, the corresponding rates range from 80.6% to 88.5%.
The average gap between the amount requested and the amount ultimately approved remains small. For loans of €70,000 to €100,000, it is just 0.9%, while no category exceeds 3.9%.
Finally, borrowers continue to prefer mortgage products with an initial fixed-rate period, followed by a switch to a variable rate. These products account for 68.8%–95.1% of loans, depending on the loan amount, while loans with an exclusively variable interest rate do not exceed 1.9% in any category.
Source: Spitogatos Insights – SPI price index and IMS-FC data for the third quarter of 2026.