Rental Prices Archives - Greek City Times

Greek Housing Market Shows Signs of Stabilisation with Continued Foreign Interest, Survey Finds

Greece’s housing market is showing signs of resilience and stability, with most experts expecting steady or modest growth in property prices through 2025, according to a nationwide survey by Cerved Real Estate Services. Demand continues to outpace supply, ownership remains the primary motive for buyers, and foreign investment plays a significant role in key regions like Athens and the Greek islands.

Vouliagmeni Remains Athens’ Priciest Rental Neighborhood Amid Rising Costs

Vouliagmeni remains Athens’ most expensive rental neighborhood at €20.0 per square meter, as Greece grapples with soaring rental prices in 2025. Driven by a short-term rental boom and housing shortages, costs are rising nationwide, with 52% of renters spending over 30% of their income on rent, according to Alpha Bank’s study.

How Much Does It Cost to Rent on Greece’s Prime Shopping Streets?

Retail rents in Greece’s prime shopping streets continued to rise in 2024, with Ermou Street leading at €300 per square metre. Thessaloniki’s Tsimiski Street overtook Glyfada, while other key areas also saw increases. Strong retail investment highlights the resilience of Greece’s commercial property market.

Athens Rents Surge 7.6% as Thessaloniki Overtakes Capital in Rental Costs

A severe housing shortage in Greece has driven up rental rates, with Attica experiencing a 7.6% surge. Surprisingly, Thessaloniki has surpassed Athens in average rental price, now at €9.2 per square meter, exceeding Athens’ €8.8.

Rental Costs in Greece Climbing, Reaching Up to €20 per Square Meter

Rental prices in Greece are on the rise post-pandemic, with popular areas like Vouliagmeni reaching up to €20 per square meter. Despite the increases, prices remain below the 2010 peaks.

Rent Prices in Athens Surge: Which Areas Are Most Expensive and Affordable?

Rental prices in Athens have surged significantly, putting increased pressure on households. The southern suburbs, along with central Athens, are among the most expensive areas, with Vouliagmeni topping the list at 20 euros per square meter. Meanwhile, neighborhoods like Perama and Acharnes remain the most affordable. Despite current increases, rental prices in Greece are still below the levels recorded in 2010, contrasting sharply with rising rent trends across much of the European Union.