Despite the measures announced and implemented by the government to decompose the market real estate – Like the “Golden Visa” restriction, interventions in short -term Airbnb leases and the new phase of my “My Home” program – Reality in the field looks different. The prices They still go up and the offer of available houses continues to decline, creating an explosive blend for Greek households, which now see the ownership move away as an option.
In downtown Athens, according to Golden Opportunity data, the image of the real estate market is typical, prices not only do not recede, but are increasing in almost all categories. The average sale price for small apartments up to 80 square meters reached EUR 2,591 per square, increased by 8.3% compared to the first half of 2024. The price now reaches EUR 2,959 per square, with an annual increase of 3.1%. At the same time, availability is drastically reduced, sales stock shrunk by 9.4% in small apartments, 11.3% in middle and 17.8% in large.
The same trend is prevalent in the rental market. The requested prices continue to rise rapidly while the offer is limited. The rent for a house of up to 80 square meters in the center is now € 11.66 per square, increased by 11.7% compared to the previous year. In the middle real estate, the average rent is EUR 10.10 per square, with an annual increase of 8.9%, while for large houses above 121 square meters, the demanded prices stand at € 11.98 per square, price that is the highest average record in the capital.
In Piraeus, the image is mixed but equally indicative of the pressure on the market. The housing supply for sale declined significantly, with small apartments receding by 18.3% and 81–120 square squares registered 21.2%. Although sales prices remained almost unchanged, with an average of EUR 2,621 per square, demand remains high, especially in areas near the port and metro stations.
Conversely, in the Piraeus rental market there is a rise in the stock, especially in small and medium -sized houses. The offer increased by 18.7% for apartments up to 80 square meters and 5.5% for properties 81–120 square meters. The average rental price in small properties is now € 11.08 per square, up 11.8%, while in the middle it reaches € 8.99, up 6.8%. The only exception is large apartments, where the offer was reduced by 31.2% and prices dropped 3.9% to € 8.16 per square meter.
The absolute dominant of precision is still the southern suburbs, which maintain the scepter of the capital’s most accurate region both in sales and rental. The intense building activity of previous years, especially before the abolition of NOK urban bonuses, increased the available stock in areas such as Glyfada, where the available apartments increased by 13.6%, with a striking 20.5% rise in the 81–120 -square -foot category. In Alimos, residential reserve increased by 16.2%, while in Greek – where Lamda Development’s large investment is proceeded – the increase was more restrained, by 2.4%. In Voula, on the other hand, a 7.6%reduction was observed, an indication that high prices and saturated construction keep the area at the center of demand.
The general picture in Attica composes a prolonged pressure setting, where the supply recedes, demand is strong and prices, despite interventions, continue their upward trend. Greek buyers and tenants are increasingly facing a high competition and reduced environment, while investors and foreign buyers continue to see Athens as a market with prospects. The constant conflict of these two worlds – the domestic household and international capital – seems to judge the next day of the Greek residence.