Housing

Andros, the most northern Cycladic island in the Aegean, offers the most affordable options, with prices ranging between 2,000 and 4,000 euros per square meter.

This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations

According to Greece's central bank, net revenues from property sales in the country purchased by foreign nationals in 2023 exceeded 2.1 billion euros.

Prices in the southern Attica region of Piraeus soared 27.3%, according to the leading real estate website Spitogatos

A Spitogatos Nationwide survey mentions safety, access to public transportation and parking availability among factors

In response to a tabled question in Parliament on a housing shortage in some areas, primarily greater Athens, the PM also cited prospect of banning 'Golden Visa' properties from AirBnB-type exploitation

A surge in inflation after the pandemic, the highly successful “Golden Visa” scheme and the ubiquitous “AirBnB” effect behind shortage of 212,000 units, according to one estimate

The head of Greece’s national organization of immovable private property owners warned millions of owners are at risk of facing depreciation of their assets in the coming years due to the inability to finance the mandatory energy upgrades of their buildings.

It is a specter hanging over millennials in most western countries, and Greece is no exception, as thirty-somethings and even forty-somethings are being forced back into the parental home by skyrocketing urban rents and rampant post-pandemic inflation. The other side of the Atlantic is also affected, as the latest census results in the United States […]

An increasingly acute housing shortage in the Greater Athens area is forcing the Greek government to think “out of the box”. One initiative under serious consideration would provide generous subsidies to owners willing to renovate apartments that are currently shut up and offer them for rent. The Greater Athens-Piraeus area is home to roughly half […]

The real estate boom of recent years has turned out to be manna from heaven for fraudsters, who have exploited growing demand to literally rent or sell air. According to industry professionals, the culprits are common scammers operating primarily online through social media and classified ads. In a case that recently came to light, a […]

The average sought-after rental price for properties in Greece recorded an 8.8% uptick in the 4th quarter of 2023

The forecast for the housing market in 2024 remains bleak, with no signs of improvement

According to the provisional report on the Monetary Policy by the Bank of Greece (BoG), expectations for the near future remain cautiously positive, influenced by key factors such as international developments, high inflation, increased interest rate

The data showed Greece had the highest costs both in urban and rural areas

Monthly rents for apartments in Greece are estimated to have increased by an average of 11.9 percent, yoy, in the third quarter of 2023, according to provisional data released on Thursday by the Bank of Greece (BoG). The figures (in nominal terms) point to an increasingly high demand for residential housing in the country, especially […]