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Greece housing prices surge to nearly double-digit growth in Q4
5 articles |
Updated 1d ago |
Created 1d ago
The Greek real estate market experienced a sharp price increase, with apartment values rising by 7.8% during the fourth quarter and approaching an annual jump near 9%. This latest data from Hellenic Statistical Authority (ELSTAT) confirms that housing costs have accelerated significantly in early February of this year compared to previous periods when growth was lower at around seven percent annually for apartments alone, according to recent reports by major Greek news outlets.
Key Points
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1Prices of residential properties in Greece increased by approximately 8%, reaching a peak rate for the first quarter of 2024.
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2The increase was driven primarily by rising prices on apartments, which saw an annual growth rate between 7.6% and 7.9%.
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3This significant rise marks one of the highest rates recorded in recent years according to data from Hellenic Statistical Authority (Elstat).
Developments
Mar 19, 14:36
'Photia' prices in the Greek market – Increase approaching 8% by end of year
Mar 17, 2025 (QoY)
Housing price increase reached approximately 8%
Feb 3-6
Apartment prices increased at a rate close to or exceeding the annual average for Q4
Perspectives
Prices in the Greek real estate market have risen sharply this year.
— (Rosa.gr)The increase in housing prices has reached approximately 8% for residential properties, according to data from Hellenic Statistical Authority (Elstat).
— (Dimokratia.gr)