The 10 fireplaces that trigger prices in real estate – the most expensive areas

The real estate for the Greeks tend to become a dream as prices have been ejected to levels much higher than the 2008 record and everything shows that they will continue to grow.

In recent years, the increase in home selling prices in Greece has been disproportionate to the disposable income of households. A recent Focus Bari survey on the real estate market in Greece reports that almost 1 in 5 Greeks is considering acquiring property over the next 1-2 years, in a market where most are already owned and the general climate urges restraint.

The fireplaces – fire for real estate

A new economic study by Alpha Bank confirms the difficulty of accessing the housing market due to high prices in recent years. According to the survey, 54% of participants consider the housing market to be impossible today and 39% difficult.

According to the Bank of Greece, housing prices rose by 13.9% in 2023 and 8.7% in 2024. In Athens and Thessaloniki prices rose by 8.2% and 11.2% respectively. During the same period, household income available recorded an increase, but at a slower rate (2023: 8.1%, nine -month 2024: 5.6%, on an annual basis).

« The highest speed at which real estate prices are moving in relation to the disposable income of households reflects the deterioration of the conditions of acquisition of affordable home in our country, » Alpha Bank said in its analysis. Indeed, the Home Price Index remains above the long -term average, indicating increasing pressure on accessibility in the real estate market.

The key factors that influence the future evolution of prices and rents over the next five years are: government/tax policies, short -term leases, interest rates, economic recovery, international developments, urbanization, changes in the needs of residents, residents,

Market experts estimate that not only is not expected to be expected in prices in the coming years, but even the expected decline in the rate of growth we see each year will be low until the prices of the Greek market reach a balance with the demand from abroad.

Eurobank also sounds the alarm for price increases in real estate. In its analysis, the bank attributes the explosive rise in apartments, in addition to the reduced supply, to the increase in demand, which is due to the following factors:

First, In boosting tourism and short -term leases, second, the recovery of domestic economic activity and third, High investment interest from abroad under the Golden Visa program.

The most accurate areas

SPI, Spitogatos’s price index, are also revealing. In the first quarter of 2025 it was completed with noticeable increases in property sales prices throughout the country.

The southern suburbs of Attica continue to be at the top of the rankings as the most expensive area for a residence in the 1st quarter of 2025.

In second place are the Cyclades, continuing to attract strong interest from domestic and international buyers. Following are the northern suburbs of Athens, known for their green and high quality of life, as well as the prefecture of Lefkada.

The Top 5 is complemented by one of Crete’s most popular destinations, Chania, with an average requested price of 2,636 €/sqm.

The research also focuses on areas that have recorded the largest increase in the average requested price on the sale of homes in Attica and Thessaloniki.

In particular, the areas of Attica, which recorded the highest increase in average demand for residence price in the 1st quarter of 2025 are: Perama (28.9%), Drapetsona (28.3%) and Ano Patisia (23.4%).

In Thessaloniki, the areas of Kallithea (23.4%), Bulgari-Deppo-Mariti (23.0%) and Vardaris-Lachanokipi (22.6%) record the largest increases in the average housing price for sale, according to data in the 1st quarter of 2025.

Source: OT