Greece\u2019s housing market continued to post strong increases in both property prices and rental rates in the first quarter of the year, with no clear sign of a slowdown, according to market data.<\/p>\n
Asking prices rose 7.9% year-on-year nationwide, but in areas once considered more affordable, increases reached between 20% and 30%. Average rents rose 4.9%, while in districts such as Attica\u2019s Perama and Menidi, increases approached 20%.<\/p>\n
In the capital, asking sale prices climbed by as much as 36.4% in the first quarter, with Ymittos recording the sharpest rise. Other areas \u2013 including Drosia, Tavros, Dafni and Agia Varvara \u2013 also posted increases exceeding 20%.<\/p>\n
Nationwide, price growth averaged 7.9%, while rent increases stood at 4.2%. Thessaloniki outpaced Attica in both categories, with sales prices rising 9.7% and rents 6.6%.<\/p>\n
Rental pressures were strongest in more affordable Athens suburbs, limiting options for lower-cost housing. In Ymittos, rents rose 22.4%, while Perama saw a 20.2% increase. Significant gains were also recorded in Acharnes and Haidari.<\/p>\n
According to the Spitogatos property website, \u201cthe data confirm continued strengthening of housing demand, especially in major urban centers,\u201d while stronger growth in sale prices \u201csuggests increased investment activity that may further strain affordability for renters.\u201d<\/p>\n
Mortgage data showed borrowers are taking larger loans relative to property values, reflecting rising prices. Loan-to-value ratios increased notably in lower loan brackets, while most borrowers secured the full disbursement of requested funds.<\/p>\n
In Thessaloniki, strong growth was recorded in several districts, with both sales and rental markets showing continued momentum.<\/p>\n
The highest prices were recorded in areas such as Kalamaria and the city center, while rental rates remained elevated across key districts, underscoring persistent upward pressure on housing costs for households across urban Greece.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Greece\u2019s housing market continued to post strong increases in both property prices and rental rates in the first…\n","protected":false},"author":2,"featured_media":598921,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46,57764,14829,8434,968],"class_list":{"0":"post-598920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy","12":"tag-housing-crisis","13":"tag-prices","14":"tag-property","15":"tag-real-estate"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/598920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=598920"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/598920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/598921"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=598920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=598920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=598920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}