Apartments were increased by 8.7% in 2024 compared to 13.9% in 2023, according to Bank of Greece data.

On the basis of the provisional data available, it is estimated that in the fourth quarter of 2024 apartments (in nominal terms) were on average 6.6% compared to the corresponding quarter of 2023.

More specifically, the increase in prices in the fourth quarter of 2024 compared to the corresponding quarter of 2023 was 9.1% for the new apartments, ie up to 5 years old, and 4.9% for the old, ie over 5 years old. For 2024, the average annual price increase rate for the new apartments was 10.1%, compared to a growth rate of 12.9% in 2023, while the average annual growth rate for old apartments was 7.8% in 2024, compared to 14.5% in 2023.

The analysis of the geographical area shows that the increase in apartments in the fourth quarter of 2024 compared to the corresponding quarter of 2023 was 6.2% in Athens, 8.2% in Thessaloniki, 4.6% in other major cities and 8.7% in other areas of the country.

For the total of 2024, the increase in prices in the same areas compared to 2023 was 8.2%, 11.2%, 7.1% and 10.6% respectively.

Finally, for all urban areas of the country, in the fourth quarter of 2024 apartments were on average by 5.9% compared to the fourth quarter of 2023, while for 2024 the average annual increase stood at 8.4%.