Without end it is the rally of the rentalas ELSTAT’s latest inflation details clearly capture that housing cost remains the most persistent accuracy front by shaping a stranglehold in the market housing.
In July 2025, inflation increased by 3.1% annually, with housing rents expensive by 11.3% annually and 0.6% on a monthly, adding 0.42 percentage points to July’s inflation. The same report also records a strong rise in components that directly affect housing costs, such as electricity (+18.9% annual).
July’s increase is added to a continuous rally in rent prices. Since the beginning of 2025, annual changes have systematically moved to high levels (starting point around 9% in January, steady acceleration in spring, passing 11% in June, on average 10% per month). In other words, the pressure on the disposable income of tenants is not co -owned; it is structural and prolonged.
At European level, rental rates are clearly lower. According to Eurostat, in the first quarter of 2025, EU rents increased by 3.2% annually and 0.9% in quarterly, recording significantly milder momentum than the Greek market. The comparison highlights the peculiarity of the pressure that Greek households receive. The 11.3% increase in rents in July confirms that housing is the “hard core” of precision in Greece, proving that the problem is more pronounced here than the EU.
Where is the persistence in prices in Greece? First, in a chronic imbalance of supply -demand in large urban areas and in tourist zones, which keeps the available real estate in terms of demand, while thousands of properties remain closed either by their owners or (sir) by funds who acquired them during the crisis period. Secondly, in increasing costs of operating and energy (as electricity records), which are passed by the owners. Thirdly, in fragmentary or slowly attributing interventions to the lease market. The Bank of Greece, in its analysis, warns that the strong rise in housing prices and market imbalances are a risk of housing access and private consumption in the next quarters.
The above does not include an additional indirect cost factor. The bunch of increased duties implemented by the US to a wide range of imports from dozens of commercial partners is pushing for the cost of imported raw materials, equipment and consumer goods, which will progressively, it will probably begin to be imprinted on Greek inflationary indicators.
With these data, the housing market is moving within the second semester under adverse conditions. Double -digit rates in rent, precise energy and international climate of protectionism maintain an inflationary pressure substrate that will hardly divergent without targeted political and social interventions, structural rather than individual character.