The Paradox at a Glance

In 7 regions of the country, the following are observed:

• Drop in rents up to -5.3%

• Increase in sale prices up to +11.7%

• Decrease in available sale listings

• High activity of withdrawals
  
  

This means that the demand for purchase remains strong, but the rental market is under pressure, mainly due to seasonality and changes in investment strategy.

Regions where buying and rent move in opposite directions

Nea Smyrni

Nea Smyrni remains one of the most active markets in Attica.
The average sale price is 324,494 euros (+5.2%), with a simultaneous increase in price per square meter (+4.9%). Available properties are decreasing, indicating steady demand.
In the rental market, the average price reaches 959 euros (+3.1%), keeping Nea Smyrni in a hot market regime, with limited negotiation margins.

Piraeus: A’ Community

In Piraeus, the average sale price rises to 266,169 euros (+5.1%), while listings decrease by almost 15%. The picture shows buyers moving with the aim of future appreciation rather than immediate rental income. The rental market remains more restrained, which compresses the yield for investors.

Kallithea: A’ Community

In Kallithea, the rental market shows a noticeable correction.
The average rent is set at 718 euros, with a weekly decrease of -5.3%.

At the same time, sale prices in neighboring communities are moving upward, showing that the area remains attractive for purchase but offers better negotiation conditions for renters.

Glyfada

Glyfada, as a mature and high-end market, shows a mild correction in rents (-1.4%), with an average price of 2,274 euros. Simultaneously, the total number of listings decreases, indicating a restraint in supply. The market remains stable in value levels, but rents show signs of fatigue.

Kalamaria

In Kalamaria, the average rent decreases to 791 euros (-3.6%), while the price per square meter increases slightly. This indicates a change in the mix of available properties, with smaller or lower-quality properties influencing the average rental price.

Chaidari

Chaidari records one of the strongest increases in sale prices (+11.7%), with available properties decreasing. The area shows clear investment interest for purchase, without corresponding pressure on the rental market.

Keratini

In Keratsini, the average sale price increases by 5.5%, with intense activity and a rise in price per square meter. Although it is a value market for buyers, rents do not follow the same pace, limiting yields.

What explains this contradiction

The simultaneous rise in sale prices and fall in rents is explained by:

• Seasonal decrease in rental demand

• Buyers aiming for appreciation rather than immediate income (see here)

• Yield compression

• Limited new supply in some areas
  
  

The market is not falling, it is simply changing priorities.

What the data means for each profile

For tenants, areas with rent decreases clearly offer room for negotiation.
For owner-occupiers, rising prices do not directly affect decision-making but require attention to timing.For investors, the combination of high prices and pressured rents reduces yields and changes strategy.

Want to see the whole picture every week;

In this article, we analyzed only 7 regions. The full weekly analysis from Spitigkonzalez covers and the 15 regions with:

• Rents

• Sale prices

• €/sq.m.

• Weekly changes

• Levels of volatility
  
  

You can also see how overall rents are moving across Greece through this article.

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