Major increase in residential rental rates in Athens, Thessaloniki

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Athens and Thessaloniki are this year’s winners in the residential rental rate increases, as many areas of the country’s two biggest cities have recorded increases of more than 10% year-on-year.

The annual survey by RE/MAX Hellas estate agents showed an 11.6% leap in rates in the centre of Athens, with that figure rising to 16.7% in the northern suburbs and 13.9% in southern coastal districts. Piraeus has seen 12.7% growth and Western Attica a 4.2% increase.

Overall the rise in Attica has come to 6.2% this year from 2020, while in Thessaloniki rental rates have grown 9.4% from last year. In the rest of the country, the rise was 1.4%.

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