7.3% increased the annual rate of change of price of apartment In the second quarter of 2025 for the whole country, according to the Bank of Greece (BoG).
Based on the age of property, the annual rate of change in new apartments stood at 6.8% and the old ones to 7.6%. Based on the geographical location, the annual rate of change in apartment prices stood at 5.9% in Athens, 8.8% in Thessaloniki, 8.5% in other major cities and 8.8% in other areas of the country.
Based on the provisional data, it is estimated that in the second quarter of 2025 apartment prices (in nominal terms) were on average 7.3% increased compared to the corresponding quarter of 2024. For 2024 apartments increased at an average annual rate of 9.0% (revised data), up to 20.9%.
More specifically, the increase in prices in the second quarter of 2025 compared to the corresponding quarter of 2024 was 6.8% for the new apartments, ie up to 5 years old, and 7.6% for the old, ie over 5 years old. Based on the revised data, for 2024, the average annual price rise in new apartments was 10.2%, compared to 12.9% in 2023, while the average annual growth rate for the old apartments was 8.2% in 2024, compared to a growth rate of 14.5% in 202.
The analysis of the geographical area shows that the increase in apartments in the second quarter of 2025 compared to the corresponding quarter of 2024 was 5.9% in Athens, 8.8% in Thessaloniki, 8.5% in other major cities and 8.8% in other areas of the country.
For the total of 2024, price rise in the same areas compared to 2023 was 8.5%, 11.6%, 7.5% and 10.7% respectively (revised data). Finally, for all urban areas of the country, in the second quarter of 2025 apartments were on average 7.3% compared to the second quarter of 2024, while for 2024 the average annual increase stood at 8.7% (revised data).