In the second quarter of 2024, the average residential rent price in Greece ranged between *** euros per square meter and **** euros per square meter, depending on the area. Chalkidiki had the highest average residential rent price in the country by far, at ***** euros per square meter, followed by the Cyclades at ***** euros per square meter and the southern part of Athens at **** euros per square meter. In contrast, Kilkis prefecture had the lowest rental price per square meter at **** euros.
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.
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Greece GR: Rent Price Index: sa data was reported at 102.923 2015=100 in 2024. This records an increase from the previous number of 97.929 2015=100 for 2023. Greece GR: Rent Price Index: sa data is updated yearly, averaging 92.737 2015=100 from Dec 1989 (Median) to 2024, with 36 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.
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Price to Rent Ratio in Greece decreased to 156.59 in the first quarter of 2025 from 157.89 in the fourth quarter of 2024. This dataset includes a chart with historical data for Greece Price to Rent Ratio.
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Greece - Housing cost overburden rate: Tenant, rent at market price was 37.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on June of 2025. Historically, Greece - Housing cost overburden rate: Tenant, rent at market price reached a record high of 87.50% in December of 2014 and a record low of 36.00% in December of 2010.
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Greece Consumer Price Index (CPI): Weights: Housing: Rentals data was reported at 38.534 Per 1000 in 2025. This records an increase from the previous number of 36.282 Per 1000 for 2024. Greece Consumer Price Index (CPI): Weights: Housing: Rentals data is updated yearly, averaging 34.134 Per 1000 from Dec 2008 (Median) to 2025, with 18 observations. The data reached an all-time high of 42.841 Per 1000 in 2021 and a record low of 31.927 Per 1000 in 2018. Greece Consumer Price Index (CPI): Weights: Housing: Rentals data remains active status in CEIC and is reported by Hellenic Statistical Authority. The data is categorized under Global Database’s Greece – Table GR.I012: Consumer Price Index: Weights.
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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, services, CPI, price index, indexes, and price.
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.
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Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing Excluding Imputed Rentals for Housing for Greece (GRCCPGRHO02IXOBM) from Jan 1989 to Apr 2025 about imputed, Greece, rent, CPI, price index, indexes, and price.
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Greece - Overcrowding rate: Tenant, rent at market price was 33.00% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Overcrowding rate: Tenant, rent at market price - last updated from the EUROSTAT on June of 2025. Historically, Greece - Overcrowding rate: Tenant, rent at market price reached a record high of 37.00% in December of 2018 and a record low of 29.50% in December of 2011.
In Greece, rents paid for housing experienced significant fluctuations between 2011 and 2023. After a period of decreasing rents from 2012 to 2018, prices remained stable between 2019 and 2020 before increasing again starting in 2021. In 2023, the nominal growth in rents paid for housing peaked at **** percent, while the real change (adjusted for inflation) amounted to **** percent.
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Graph and download economic data for Consumer Price Index: OECD Groups: Services less housing: Housing excluding imputed rentals for housing for Greece (GRCCPGRLH02GPM) from Feb 2009 to Feb 2022 about imputed, Greece, rent, services, CPI, price index, indexes, and price.
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Greece - Harmonised index of consumer prices (HICP): Actual rentals for housing was 112.11 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Harmonised index of consumer prices (HICP): Actual rentals for housing - last updated from the EUROSTAT on July of 2025. Historically, Greece - Harmonised index of consumer prices (HICP): Actual rentals for housing reached a record high of 124.29 points in September of 2011 and a record low of 62.68 points in January of 1996.
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Greece Consumer Price Index (CPI): Housing: Rentals data was reported at 119.385 2020=100 in Feb 2025. This records an increase from the previous number of 118.379 2020=100 for Jan 2025. Greece Consumer Price Index (CPI): Housing: Rentals data is updated monthly, averaging 107.438 2020=100 from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 134.862 2020=100 in Sep 2011 and a record low of 86.509 2020=100 in Jan 2000. Greece Consumer Price Index (CPI): Housing: Rentals data remains active status in CEIC and is reported by Hellenic Statistical Authority. The data is categorized under Global Database’s Greece – Table GR.I005: Consumer Price Index: 2020=100.
In 2023, the index for residential rents in the euro area stood at 112.2 index points. Nevertheless, most European countries recorded a higher increase in rental prices. In Turkey, where inflation has been extremely high in recent years, the index soared to 405 index points. That means that the rents increased by 305 percent since 2015, the base year with index value of 100. Six other countries had an index value of over 150 index points, including Lithuania, Hungary, and Slovenia. Conversely, Greece was the only country where rents have declined since 2015.
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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.
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Greece GR: Price to Rent Ratio: sa data was reported at 159.731 2015=100 in 2024. This records an increase from the previous number of 154.334 2015=100 for 2023. Greece GR: Price to Rent Ratio: sa data is updated yearly, averaging 119.178 2015=100 from Dec 1997 (Median) to 2024, with 28 observations. The data reached an all-time high of 159.731 2015=100 in 2024 and a record low of 90.567 2015=100 in 1997. Greece GR: Price to Rent 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 rent price indices
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The Motor Vehicle Rental and Leasing industry has grown fairly quickly over the past decade, except in 2020, when COVID-19-related disruption weighed on demand. Car rental companies have updated and enhanced their online booking systems, allowing easier access for customers while saving money on labour costs. Apps and easy-to-use online booking services have boosted efficiency, though comparison sites have elevated price competition between rental providers. At the same time, leasing companies have reaped the rewards of shaky business confidence and low disposable incomes – though these both have the potential to cut into demand, they’ve aided the industry by encouraging businesses and consumers to opt for leasing over outright purchases. Over the five years through 2024, revenue is set to grow at a compound annual rate of 4.8% to reach €129.4 billion. COVID-19 disruption ate into rental and leasing demand in 2020, as the number of tourists (an important market for car rental companies) tanked while travel restriction were in place. The pandemic also slashed the need for new passenger vehicles in the leasing segment. However, car rentals have quickly recovered as tourist levels have bounced back – they reached pre-pandemic levels in 2022, driving a solid recovery in revenue. In 2024, revenue is expected to fall by 1.2%. Over the five years through 2029, revenue is forecast to soar at a compound annual rate of 5% to reach €165.6 billion. Leasing and rental companies will upgrade their fleets to meet emission targets and satisfy their customers’ preference for electric vehicles. Recovering business confidence will also propel leasing revenue, with more companies expected to engage in long-term contracts with large-scale manufacturers. However, competition from car-sharing services and a surge in new entrants in the rental segment of the market will intensify price competition, forcing existing companies to boost their efficiency.
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Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Typically, estate agents can earn income via fees and commissions charged to clients, which allows them to protect their operating profit margin from property price fluctuations. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated rise of 1.2% in 2025 to €207.6billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this have started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.
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Greece - Severe housing deprivation rate: Tenant, rent at market price was 9.70% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Severe housing deprivation rate: Tenant, rent at market price - last updated from the EUROSTAT on July of 2025. Historically, Greece - Severe housing deprivation rate: Tenant, rent at market price reached a record high of 12.70% in December of 2010 and a record low of 7.70% in December of 2019.
In the second quarter of 2024, the average residential rent price in Greece ranged between *** euros per square meter and **** euros per square meter, depending on the area. Chalkidiki had the highest average residential rent price in the country by far, at ***** euros per square meter, followed by the Cyclades at ***** euros per square meter and the southern part of Athens at **** euros per square meter. In contrast, Kilkis prefecture had the lowest rental price per square meter at **** euros.