Graph and download economic data for Real Residential Property Prices for Greece (QGRR628BIS) from Q1 1997 to Q1 2025 about Greece, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• Greece house prices grew 7.3% YoY in Sep 2024, following an increase of 9.3% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2000 to Sep 2024, with an average growth rate of 3.5%.
• House price data reached an all-time high of 15.9% in Mar 2023 and a record low of -12.8% in Dec 2012.

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 seven percent, while the nominal price rose by 0.1 percent.

Housing Index in Greece increased to 105.10 points in the first quarter of 2025 from 102.30 points in the fourth quarter of 2024. 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 Q4 2024 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 90.775 2010=100 in Sep 2024.
• This records an increase from the previous number of 90.119 2010=100 for Jun 2024.
• Greece Real Residential Property Price Index data is updated quarterly, averaging 84.481 2010=100 from Mar 2000 to Sep 2024, with 99 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]

Residential Property Prices in Greece increased 6.81 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Greece Residential Property Prices.

In the first quarter of 2025, the average residential sale price in Greece ranged between *** euros per square meter and ***** euros per square meter depending on the region. The southern part of Athens had the highest average residential sale price in the country, at ***** euros per square meter, followed by the Cyclades at ***** euros per square meter.

Greece - House price index was 37.10% in December of 2023, 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 June of 2025. Historically, Greece - House price index reached a record high of 37.30% in December of 2003 and a record low of -27.10% in December of 2014.

Key information about Greece Nominal Residential Property Price Index

• Greece Nominal Residential Property Price Index was reported at 108.091 2010=100 in Sep 2024.
• This records an increase from the previous number of 107.019 2010=100 for Jun 2024.
• Greece Nominal Residential Property Price Index data is updated quarterly, averaging 78.952 2010=100 from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 109.505 2010=100 in Sep 2008 and a record low of 55.101 2010=100 in Mar 2000.
• Greece Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly.

House price index in Greece, March, 2025 The most recent value is 112.59 index points as of Q1 2025, an increase compared to the previous value of 109.59 index points. Historically, the average for Greece from Q1 1997 to Q1 2025 is 78.9 index points. The minimum of 40.16 index points was recorded in Q1 1997, while the maximum of 112.59 index points was reached in Q1 2025. | TheGlobalEconomy.com

Source Code: Q:GR:N:628

Coverage includes all types of new and existing flats in the whole country.

For more information, please see https://www.bis.org/statistics/pp_detailed.htm.

Any use of the series shall be cited as follows: "Sources: National sources, BIS Residential Property Price database, http://www.bis.org/statistics/pp.htm."

Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

The house price to rent ratio in Greece has increased quarter-on-quarter since 2017, reaching the highest index value on record in 2024. In the second quarter of the year, the index value amounted to *****. The house price to rent ratio is calculated by dividing nominal house prices by rent prices, with 2015 chosen as a base year when the index stood at 100. An index value of *** means that house prices have increased by ** percent more than rents since 2015. Greece's index was higher than the OECD average house price to rent ratio.

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.

Real residential property prices Y-on-Y, percent change in Greece, March, 2025 The most recent value is 4.13 percent as of Q1 2025, a decline compared to the previous value of 4.46 percent. Historically, the average for Greece from Q1 1998 to Q1 2025 is 1.56 percent. The minimum of -13.75 percent was recorded in Q4 2012, while the maximum of 12.02 percent was reached in Q2 2023. | TheGlobalEconomy.com

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 %.

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.

Greece - Office property price index, Athens

Greece New Apartment Price Index: Athens: Up to 5 Years data was reported at 112.800 2007=100 in Dec 2024. This records an increase from the previous number of 108.700 2007=100 for Sep 2024. Greece New Apartment Price Index: Athens: Up to 5 Years data is updated quarterly, averaging 79.350 2007=100 from Mar 2006 (Median) to Dec 2024, with 76 observations. The data reached an all-time high of 112.800 2007=100 in Dec 2024 and a record low of 57.100 2007=100 in Sep 2017. Greece New Apartment Price Index: Athens: Up to 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.

The house price to income ratio in Greece in the first quarter of 2024 increased since 2019 when it reached its lowest value. The ratio 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. The index score in the first quarter of 2024 amounted to 116.5, which means that house price growth had outpaced income growth by 16.5 percent since 2015. This was lower than the average house price to income ration in the Euro area 16.