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What is happening now in the real estate market in Greece (October 2025)

Spiti Gkonzalez
23.10.2025
The real estate market in Greece in October 2025 is entering a stabilization phase. The annual increase in apartment prices was 7.3% in the second quarter of 2025, the lowest rate in the last three years (Bank of Greece).

What the Numbers Show

Apartment prices increased by 7.3% on an annual basis, lower than the 9.4% of 2024. Newly built (up to 5 years old) properties recorded a rise of 6.8%, while older ones increased by 7.6%, indicating that demand is beginning to balance between new and second-hand homes. Specifically, Athens recorded an increase of 5.9%, Thessaloniki 8.8%, other cities 8.5%, and other regions 8.8%. At the same time, foreign direct investments showed a decrease of 17.8% in the first half of 2025 compared to the previous year, affecting the market dynamics for investors and tenants. Price stabilization means that the real estate market is now moving more predictably.

Price Stabilization and Its Significance for Citizens

Price stabilization means that the real estate market is now moving more predictably. For citizens considering buying or renting a home, this translates into less risk of price fluctuations and greater security in their budget. On the other hand, the decline in foreign investments indicates that Greece is becoming less attractive for direct foreign real estate purchases, which could reduce competition and create opportunities for domestic buyers and investors.

Why is this happening? The slight cooling in prices seems to be linked to high interest rates, the reduction of available homes for sale, and the gradual normalization of demand from abroad. Nevertheless, investors continue to see the Greek market as a “safe haven” compared to other European countries.

Trends in Prices and Regions

The use of technology and data analysis in the real estate market makes it possible to monitor demand and price changes in real time. According to the analysis by Spitigkonzalez Market Analysis (Week 41, 2025):

  • Nea Penteli: greatest increase in rental prices (+13.5%)
  • Chania and Agia Triada: increased activity with stable or slightly decreased prices
  • Ano Petralona: milder increase 4.5% to €309,884
  • Moschato and Nea Smyrni: maintain stable average prices, offering secure options for investments

What the Changes Mean for Investors and Tenants

These trends indicate that the Greek real estate market is now characterized by greater predictability. Investors can evaluate areas based on the balance of supply and demand and price fluctuations, while tenants have the opportunity to find more advantageous options based on real data.

Practical Benefits of Data Usage

In short, decisions to buy or rent property in Greece are no longer based on estimates or random searches. Real-time data analysis allows users to know exactly:

  • Which areas are experiencing price increases or decreases
  • What the average cost per square meter is
  • Where it is worth investing

The Greek real estate market in October 2025 shows signs of maturity and stabilization. Price increases remain positive but at a more measured pace, while the decrease in foreign investments creates new opportunities for domestic buyers and investors.

For tenants, stability means greater predictability in their budgets, while for investors, careful selection of areas with stable or increasing demand can secure returns over time.

Knowledge of trends and the utilization of real-time data now make the market more transparent and secure, reducing risks and maximizing opportunities. Although the Greek real estate market shows signs of stabilization, its overall momentum remains positive. The next semester will reveal whether this is a genuine trend change or merely a temporary pause after a long period of growth.

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