Since 2027 you will need tenants real estate Awaiting the decline in the rate of raising housing rents, according to the analysis of the National Bank of Greece (ETH) published on September 2, 2025.
In particular, According to the EIB the increasing trend of residential real estate prices (housing) It is expected to slow down by the end of the year, and more in 2026, leading to a decline in the rate of rents – with some time lag.
In other words, not even stabilization is expected, let alone a decrease, but only braking the rise rate!
More specifically, the EIB states that the highly upward trend in housing rental prices, which, according to the relevant MODK’s instructor, increased by 10.4% per year (11.3% in July), from 5.1% in 2024, compared to an increase in the eurozone by 2.9% in 20% in 20 and 20% in 2025 and 20% in 2025. 0.4 percentage points in the rise of ETK for Greece compared to 0.2 percentage points for the eurozone during the 1st semester (it is worth noting that the Rental Rental Range is similar in Greece and Eurozone, about 6%and marginally higher than the weighting).
The continued increase in housing rentals depicts a prolonged imbalance between demand and supply in the Greek market, which supplies ratings in both residential and commercial real estate, with rental prices gradually adapting to significant increases in real estate prices in previous years. Specifically, the cumulative appreciation of houses from their lowest point – during the 10 -year crisis in 2017 – has exceeded 70%, with the average price level exceeding marginally in the 1st quarter of 2025 their previous history in 2008, in nominal terms. Accordingly, the cumulative increase in the rental price index (based on ENTK) from the end of 2017 to July 2025 is 24%, while it is still 8% of the Historical High 2011, again in nominal terms.
The increase in real estate prices and rents reflects the impetus from the combined recovery of domestic demand, after years of suspension, due to the crisis of relevant investment decisions, unprecedented investment inflows from abroad to the Greek real estate market and co -operation from tourism, and acceleration.
As an accelerator of the ratings, the restrained construction activity was also functioned – after its prolonged shrinkage during the crisis – which led to a slow adaptation of the supply by enhancing increases in property prices and rents in a relatively “shallow” domestic market.
Undoubtedly, the strongest purchasing power of foreign buyers, who have been invested in the Greek market in recent years, and the very attractive valuations of Greek real estate after the end of the crisis, as well as synergies with tourism (revenue through short -term leases).
The increasing trend of housing prices is expected to slow down by the end of the year, and more in 2026, leading to a decline in the rate of rents – with some time.
However, given the fundamental market sizes, the dynamics should not be expected.
Indeed, construction activity shows signs of deceleration in the first months of 2025-after a significant acceleration of the number of building permits in the period 2022-2024, holding the expected supply of new constructions, at a time when increased income and accelerated lending is expected to be supplied. The mitigating of uncertainty regarding the implementation of the decisions of the Council of State with regard to amendments to the new building regulation and the slowdown to rise to construction costs are expected to lead to gradual acceleration of construction activity despite pressure from labor shortages in the industry.
Nominal impact on market balance is expected to gradually exert, the apparent slowdown in demand from abroad (FDA flexion of 33% in the 1st trimester of 2025) after a strong upward trend in previous years, mainly due to the tension.
At the same time, the closer control of property use and the highest taxation of short -term leases, with administrative restrictions being implemented by 2024 in high demand areas, aim to prevent additional housing in the market and now the gap on other property valuations.