‘Turned up’ the market real estate the second quarter of the year. In particular, based on the provisional data announced by the Bank of Greece, it is estimated that in the second quarter of 2025 apartments (in nominal terms) were on average by 7.3% compared to the corresponding quarter of 2024. For 2024, apartment prices increased by 9% (9% increased). 2023.
More specifically, the increase in prices in the second quarter of 2025 compared to the corresponding quarter of 2024 was 6.8% for the new apartments, ie up to 5 years old, and 7.6% for the old, ie over 5 years old. Based on the revised data, for 2024, the average annual price rise in new apartments was 10.2%, compared to 12.9% in 2023, while the average annual growth rate for the old apartments was 8.2% in 2024, compared to a growth rate of 14.5% in 202.
The analysis of the geographical area shows that the increase in apartments in the second quarter of 2025 compared to the corresponding quarter of 2024 was 5.9% in Athens, 8.8% in Thessaloniki, 8.5% in other major cities and 8.8% in other areas of the country. For the total of 2024, price rise in the same areas compared to 2023 was 8.5%, 11.6%, 7.5% and 10.7% respectively (revised data). Finally, for all urban areas of the country, in the second quarter of 2025 apartments were on average by 7.3% compared to the second quarter of 2024, while for 2024 the average annual increase stood at 8.7% (revised data).
Source: Skai
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