The Bank of Greece published provisional residential property price indices showing that apartment prices (in nominal terms) increased by 7.6% year on year in the fourth quarter of 2025. For 2025 as a whole, apartment prices rose by an average 7.8%, compared with an average increase of 9.1% in 2024. By age of property, Q4 2025 prices rose 7.4% for new apartments (up to five years old) and 7.8% for old apartments (over five years old). For 2025, new-apartment prices increased by 7.4% on average (10.2% in 2024) and old-apartment prices by 8.1% (8.4% in 2024). Regionally, Q4 2025 price growth was 5.9% in Athens, 8.0% in Thessaloniki, 10.5% in other cities and 8.6% in other areas of Greece, with full-year averages of 6.2%, 9.6%, 9.8% and 8.8% respectively; across all urban areas, prices rose 7.3% in Q4 and 7.5% in 2025. The indices are based on data reported by all credit institutions operating in Greece under the Bank of Greece Governor’s Act 2610/31.10.2008, including valuations of current market value and qualitative characteristics. A total of 957.8 thousand valuations were reported with reference period up to end-December 2025, covering apartments (65.3%), houses (18.4%), maisonettes (6.3%), building plots (6.0%) and other property types (4.0%).
Bank of Greece 2026-03-19
Bank of Greece reports apartment prices rose 7.6% year on year in Q4 2025
The Bank of Greece released provisional residential property price indices indicating a 7.6% year-on-year increase in apartment prices for Q4 2025, with an average annual rise of 7.8% compared to 9.1% in 2024. New apartments saw a 7.4% price increase, while old apartments rose by 8.1% in 2025. Regional price growth varied, with Athens at 6.2%, Thessaloniki at 9.6%, other cities at 9.8%, and other areas of Greece at 8.8% for the year.