The market housing in Piraeus It is on the transition orbit, with trends recorded in the first half of 2025 to capture a gradual but steady shift of interest and options available. According to the latest data in the Golden Opportunity, the market seems to be pressured by the continued reduction in stock on available real estate for sale while rents are increasing, especially in smaller apartments.
The offer of housing to purchase in Piraeus is significantly limited to all categories of real estate. Apartments up to 80 square meters are reduced by 18.3%, from 4,357 to 3,560 properties available. The flexion in the offer is even more intense in the medium -sized real estate, between 81 and 120 sqm, where the stock records 21.2% (from 3,179 to 2,506 houses), while in large houses of over 121 sq.m. The decrease reaches 16.8% (from 1,581 to 1,315).
Despite the shrinkage of the stock, sales prices have remarkable stability. In small apartments, prices fell by 5.6% and stand at EUR 2,844/sqm, from EUR 3,003/sqm. In the corresponding period of 2024, a development may be linked to the selectivity of buyers. On the contrary, in the middle and large houses there is a mild upward trend: 81–120 sq.m. The average price is EUR 2,621/sqm. (+0.6%) and in largest properties at 2,420 euros/sqm. (+1.7%).
On the contrary, the image in rental has a different dynamic. Available stock is significantly increased in small and medium -sized apartments, which may reflect real estate returns from short -term lease in the long -term market, as well as increased yields for owners. Specifically, apartments up to 80 sq.m. They show an increase of 18.7% in stock, while the average rental price is raised by 11.8%, reaching 11.08 euros/sqm. The same trend is observed in the real estate of 81–120 sqm, with a 5.5% increase in stock and 6.8% in prices, which stand at € 8.99/sqm. On the contrary, the large reduction in stock in real estate above 121 sq.m. (-31.2%) is also accompanied by rent reduction (-3.9%, to EUR 8.16/sqm), indicating reduced demand for this type of residence.
The Piraeus market remains attractive, mainly due to the proximity to the port, the improvement of transport infrastructure and the general rise of the southern regions. However, the shrinkage of the reserve stock for sale and the simultaneous increase in rents – especially in areas with high demand such as Piraeus, Mikrolimano and the center of Piraeus – demonstrate the pressure the market receives from the coexistence of ownership, investment demand. The need for a new, quality home becomes imperative, while rents are becoming increasingly inaccessible to lower and middle income.