In pre -crisis levels the prices of real estaterecording ejecting, while their growth rates remain impressive, despite the slowdown they recorded in 2024.
High construction costs may have increased by up to 70% over the last seven years, according to ERTnews, but intense demand from foreign investors and low supply leads higher and higher property prices. According to the Bank of Greece, in 2024 apartments increased by 8.7%.
From 2017 until today there is an increase in requested sales prices reaching even 85%, while there are areas in the Prefecture of Attica, which are increasing 100%.
Double -digit was the rate of price rise in newly built apartments in 2024 and stood at 10.1%, while prices rose by 7.8%:
- A newly built property in downtown Athens is sold from 3300 to 4,000 euros per square in the western suburbs from 2.5 to 3300 in the northern suburbs.
- Sale prices range from 3,500 to 4,500 euros per square, while in the south they start at € 5,900.
At the same time, the properties that are up to 250,000 euros have a special demand, given my home II program.
Lower prices:
- In Thessaloniki, where they range from 2,5 to 3,600 euros per square.
- In Patras they reach up to 3,000 euros and follow
- Larissa from 1,600 to 1,900 euros and
- Nafplio and Ioannina, where the properties are sold from 1,350 and 1,100 euros per square respectively.
In the first quarter of 2025, this is also proven to be in terms of demand, which means that prices will be kept high.
Finally, stabilizing tendencies are recorded in housing rentals, as they have been caught by a ceiling.