Housing Index in Greece increased to 109.50 points in the third quarter of 2025 from 107.80 points in the second quarter of 2025. This dataset provides the latest reported value for - Greece House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Residential Property Prices for Greece (QGRN628BIS) from Q1 1997 to Q2 2025 about Greece, residential, HPI, housing, price index, indexes, and price.

Key information about Greece Gold Production

• Greece Real Residential Property Price Index was reported at 94.732 2010=100 in Jun 2025.
• This records an increase from the previous number of 94.044 2010=100 for Mar 2025.
• Greece Real Residential Property Price Index data is updated quarterly, averaging 78.775 2010=100 from Mar 2000 to Jun 2025, with 102 observations.
• The data reached an all-time high of 119.531 2010=100 in Sep 2007 and a record low of 62.127 2010=100 in Jun 2017.
• Greece Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Greece - House price index was 38.90% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - House price index - last updated from the EUROSTAT on November of 2025. Historically, Greece - House price index reached a record high of 38.90% in December of 2024 and a record low of -27.10% in December of 2014.

Key information about House Prices Growth

• Greece house prices grew 7.3% YoY in Jun 2025, following an increase of 6.3% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2000 to Jun 2025, with an average growth rate of 180.0%.
• House price data reached an all-time high of 239.0% in May 2016 and a record low of 170.0% in Nov 2018.

House price index in Greece, June, 2025 The most recent value is 115.2 index points as of Q2 2025, an increase compared to the previous value of 112.82 index points. Historically, the average for Greece from Q1 1997 to Q2 2025 is 79.23 index points. The minimum of 40.16 index points was recorded in Q1 1997, while the maximum of 115.2 index points was reached in Q2 2025. | TheGlobalEconomy.com

Residential Property Prices in Greece increased 7.31 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Greece Residential Property Prices.

After four years of growth, the inflation-adjusted house price change in Greece turned negative in 2022. As of the fourth quarter of the year, the inflation-adjusted house price declined by ***** percent, while the nominal price rose by *** percent.

Portugal, Italy, Ireland, Greece, and Spain were widely considered the Eurozone's weakest economies during the Great Recession and subsequent Eurozone debt crisis. These countries were grouped together due to the similarities in their economic crises, with much of them driven by house price bubbles which had inflated over the early 2000s, before bursting in 2007 due to the Global Financial Crisis. Entry into the Euro currency by 2002 had meant that banks could lend to house buyers in these countries at greatly reduced rates of interest.

This reduction in the cost of financing contributed to creating housing bubbles, which were further boosted by pro-cyclical housing policies among many of the countries' governments. In spite of these economies experiencing similar economic problems during the crisis, Italy and Portugal did not experience housing bubbles in the same way in which Greece, Ireland, and Spain did. In the latter countries, their real housing prices (which are adjusted for inflation) peaked in 2007, before quickly declining during the recession. In particular, house prices in Ireland dropped by over 40 percent from their peak in 2007 to 2011.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Data description

The House Price Index (HPI) measures inflation in the residential property market. The HPI captures price changes of all types of dwellings purchased by households (flats, detached houses, terraced houses, etc.). Only transacted dwellings are considered, self-build dwellings are excluded. The land component of the dwelling is included.

The HPI is available for all European Union Member States (except Greece), the United Kingdom (only until the third quarter of 2020), Iceland, Norway, Switzerland and Turkey. In addition to the individual country series, Eurostat produces indices for the euro area and for the European Union (EU). As from the first quarter of 2020 onwards, the EU HPI aggregate no longer includes the HPI from the United Kingdom.

The national HPIs are produced by National Statistical Offices (NSIs) and the European aggregates by Eurostat, by combining the national indices. The data released quarterly on Eurostat's website include the national and European price indices, weights and their rates of change.

In order to provide a more comprehensive picture of the housing market, house sales indicators are also provided. Available house sales indicators refer to the total number and value of dwellings transactions at national level where the purchaser is a household. Eurostat publishes in its database a quarterly and annual house sales index as well as quarterly and annual rates of change.

Statistical concepts and definitions

The HPI is based on market prices of dwellings. Non-marketed prices are ruled out from the scope of this indicator. Self-build dwellings, dwellings purchased by sitting tenants at discount prices or dwellings transacted between family members are out of the scope of the indicator. It covers all monetary dwelling transactions regardless of its type (e.g., carried out through a cash purchase or financed through a mortgage loan).

The HPI measures the price developments of all dwellings purchased by households, regardless of which institutional sector they were bought from and the purpose of the purchase. As such, a dwelling bought by a household for a purpose other than owner-occupancy (e.g., for being rented out) is within the scope of the indicator. The HPI includes all purchases of new and existing dwellings, including those of dwellings transacted between households.

The number and value of house sales cover the total annual value of dwellings transactions at national level where the purchaser is a household. Transactions between households are included. Transfers in dwellings due to donations and inheritances are excluded.

The house sales value reflect the prices paid by household buyers and include both the price of land and the price of the structure of the dwelling. The prices for new dwellings include VAT. Other costs related to the acquisition of the dwelling (e.g., notary fees, registration fees, real estate agency commission, bank fees) are excluded.

Statistical unit

Each published index or rate of change refers to transacted dwellings purchased at market prices by the household sector in the corresponding geographical entity. All transacted dwellings are covered, regardless of which institutional sector they were bought from and of the purchase purpose.

more: https://ec.europa.eu/eurostat/cache/metadata/en/prc_hpi_inx_esms.htm

Time series data for the statistic Nominal Residential Property Price Index Quarterly and country Greece. Indicator Definition:Nominal Residential Property Price Index QuarterlyThe indicator "Nominal Residential Property Price Index Quarterly" stands at 115.20 as of 6/30/2025, the highest value at least since 6/30/1997, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 7.31 percent compared to the value the year prior.The 1 year change in percent is 7.31.The 3 year change in percent is 35.27.The 5 year change in percent is 60.29.The 10 year change in percent is 75.66.The Serie's long term average value is 79.23. It's latest available value, on 6/30/2025, is 45.40 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 3/31/1997, to it's latest available value, on 6/30/2025, is +186.88%.The Serie's change in percent from it's maximum value, on 6/30/2025, to it's latest available value, on 6/30/2025, is 0.0%.

Greece New Apartment Price Index: Thessaloniki: Over 5 Years data was reported at 92.900 2007=100 in Dec 2024. This records a decrease from the previous number of 94.600 2007=100 for Sep 2024. Greece New Apartment Price Index: Thessaloniki: Over 5 Years data is updated quarterly, averaging 67.700 2007=100 from Mar 2006 (Median) to Dec 2024, with 76 observations. The data reached an all-time high of 101.200 2007=100 in Jun 2008 and a record low of 52.500 2007=100 in Sep 2017. Greece New Apartment Price Index: Thessaloniki: Over 5 Years data remains active status in CEIC and is reported by Bank of Greece. The data is categorized under Global Database’s Greece – Table GR.EB002: Residential Property Price Index: New Apartment Price Index: 2007=100.

Greece GR: Rent Price Index: sa data was reported at 113.007 2015=100 in 2025. This records an increase from the previous number of 102.923 2015=100 for 2024. Greece GR: Rent Price Index: sa data is updated yearly, averaging 111.658 2015=100 from Dec 1989 (Median) to 2025, with 37 observations. The data reached an all-time high of 124.163 2015=100 in 2011 and a record low of 20.651 2015=100 in 1989. Greece GR: Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Greece – Table GR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual.

Graph and download economic data for Consumer Price Index: OECD Groups: Services less housing: Housing excluding imputed rentals for housing for Greece (GRCCPGRLH02GYQ) from Q1 2010 to Q4 2021 about imputed, Greece, rent, CPI, services, price index, indexes, and price.

Greece - Office property price index, Athens

Greece GR: Price to Income Ratio: sa data was reported at 114.558 2015=100 in 2024. This records an increase from the previous number of 111.234 2015=100 for 2023. Greece GR: Price to Income Ratio: sa data is updated yearly, averaging 108.399 2015=100 from Dec 1997 (Median) to 2024, with 28 observations. The data reached an all-time high of 123.604 2015=100 in 2012 and a record low of 86.441 2015=100 in 1997. Greece GR: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Greece – Table GR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Greece (GRCCPGRHO02GPQ) from Q2 1989 to Q3 2023 about imputed, Greece, rent, CPI, price index, indexes, and price.

Key information about Greece Real Residential Property Price Index Growth

• Greece Real Residential Property Price Index Growth was reported at 4.785 % in Sep 2024.
• This records a decrease from the previous number of 6.674 % for Jun 2024.
• Greece Real Residential Property Price Index Growth data is updated quarterly, averaging 0.726 % from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 12.020 % in Jun 2023 and a record low of -13.752 % in Dec 2012.
• Greece Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Greece GR: House Price Index: Real: sa data was reported at 144.050 2015=100 in 2024. This records an increase from the previous number of 137.304 2015=100 for 2023. Greece GR: House Price Index: Real: sa data is updated yearly, averaging 123.584 2015=100 from Dec 1997 (Median) to 2024, with 28 observations. The data reached an all-time high of 174.792 2015=100 in 2007 and a record low of 83.144 2015=100 in 1997. Greece GR: House Price Index: Real: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Greece – Table GR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices deflated using the private consumption deflator from the national account statistics. More information on the nominal house prices are available on the nominal house price indicators selection.