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.

Graph and download economic data for Real Residential Property Prices for Greece (QGRR628BIS) from Q1 1997 to Q2 2025 about Greece, residential, HPI, housing, real, price index, indexes, and price.

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.

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.

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.

Comprehensive dataset and analysis by BUY GREECE LLC of Greek real estate market trends, investment potential, and region-by-region forecasts including Athens, Athens Riviera (Glyfada, Vouliagmeni, Ellinikon), Mykonos, Paros, Antiparos, Peloponnese (Nafplio, Kalamata, Patra) for 2025-2026.

Greece ASE: Market Capitalization: FTSE Athex Real Estate data was reported at 762,366.873 EUR th in Dec 2023. This records an increase from the previous number of 739,962.055 EUR th for Nov 2023. Greece ASE: Market Capitalization: FTSE Athex Real Estate data is updated monthly, averaging 464,600.160 EUR th from Dec 2009 (Median) to Dec 2023, with 168 observations. The data reached an all-time high of 797,382.957 EUR th in Jul 2021 and a record low of 15,485.090 EUR th in Apr 2012. Greece ASE: Market Capitalization: FTSE Athex Real Estate data remains active status in CEIC and is reported by Athens Stock Exchange. The data is categorized under Global Database’s Greece – Table GR.Z002: Athens Stock Exchange: Market Capitalization.

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

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.

This statistic presents the average floor space of residential properties on selected European house markets as of 2014, by country. In that year, the average British house (85 square meters) was reported to be bigger than a Greek one (77 square meters) but smaller than a Dutch one (98 square meters).

The prime headline rent for office real estate in Athens, Greece, has increased steadily since 2013. In *****, the annual prime office rental rate was *** euros per square meter, which was an increase from 2023 when the square meter rent amounted to *** euros. Headline rents refer to the rent payable after rent-free periods or incentives, excluding fees and taxes. Despite having some of the lowest vacancy rate, Athens had one of the most affordable office markets among the main European office markets.

Discover the burgeoning Greek Facility Management market! This comprehensive analysis reveals a €1.79 billion market in 2025, projecting steady growth fueled by tourism, urbanization, and sustainability trends. Explore market segmentation, key players, and future opportunities in this detailed report. Recent developments include: May 2023 : Mytilineos announed plans to acquire Unison, which is active in facility management field. The company's clientele includes some of the largest groups in Greece, such as Viohalco, Sklavenitis, OTE, DELTA, Athens Brewery, Hygeia Group, etc., February 2023: The Polygon Group shall work in partnership with all its customers, improve processes and take action to reduce the shared footprint by making real reductions while also establishing a number of Internet of ThingsIoT tools for environment management as well as technologies and services that are aimed at monitoring, preventing and limiting damage.. Key drivers for this market are: Growing Trend Toward Commoditization of FM, Increasing Investments on Insfrastructure Developments. Potential restraints include: Growing Trend Toward Commoditization of FM, Increasing Investments on Insfrastructure Developments. Notable trends are: Single FM of the Outsourced Facility Management Type to Hold Significant Market Share.

In 2024, the average mortgage rates in European countries varied from *** percent in Bulgaria to over nine percent in Hungary. The mortgage rate for a home purchase is decided depending on the individual situation of the homebuyer, their credit history, and income, but they also follow macro determinants including the base lending rate, inflation, economic growth, and the health of the housing market. Starts, completions and prices The supply of new housing varies in different countries in Europe. In 2023, the number of new housing units completed per 1,000 citizens was between *** and seven, with this number varying greatly in different countries. Ireland and Poland were among the countries with most completed housing units. When it comes to housing starts, Ireland tops the ranking. The average transaction price of a new dwelling in 2023 ranged anywhere from roughly ***** euros per square meter to under ***** euros per square meter. Housing stock As the most populous country in Europe, Germany has the largest housing stock. Comparing the number of housing units per 1,000 citizens is an easy way to identify housing shortages. In Greece and the UK, for example, the number of dwellings per 1,000 citizens measured less than ***, compared to Bulgaria and Spain, where it was around ***.

ASE：市值：富时 Athex 房地产指数在12-01-2023达762,366.873千欧元，相较于11-01-2023的739,962.055千欧元有所增长。ASE：市值：富时 Athex 房地产指数数据按月更新，12-01-2009至12-01-2023期间平均值为464,600.160千欧元，共168份观测结果。该数据的历史最高值出现于07-01-2021，达797,382.957千欧元，而历史最低值则出现于04-01-2012，为15,485.090千欧元。CEIC提供的ASE：市值：富时 Athex 房地产指数数据处于定期更新的状态，数据来源于Χρηματιστήριο Αθηνών，数据归类于全球数据库的希腊 – Table GR.Z002: Athens Stock Exchange: Market Capitalization。