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.

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]

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.

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.

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.

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.

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.

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.

Greece New Apartment Price Index: Athens: Over 5 Years data was reported at 105.000 2007=100 in Dec 2024. This records an increase from the previous number of 104.900 2007=100 for Sep 2024. Greece New Apartment Price Index: Athens: Over 5 Years data is updated quarterly, averaging 77.850 2007=100 from Mar 2006 (Median) to Dec 2024, with 76 observations. The data reached an all-time high of 105.000 2007=100 in Dec 2024 and a record low of 55.400 2007=100 in Mar 2017. Greece New Apartment Price Index: Athens: 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.

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.

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.

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.

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 %.

Key information about Greece Nominal Residential Property Price Index Growth

• Greece Nominal Residential Property Price Index Growth was reported at 7.799 % in Sep 2024.
• This records a decrease from the previous number of 9.419 % for Jun 2024.
• Greece Nominal Residential Property Price Index Growth data is updated quarterly, averaging 3.285 % from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 15.625 % in Mar 2023 and a record low of -12.774 % in Dec 2012.
• Greece Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Greece New Apartment Price Index: Over 5 Years data was reported at 97.500 2007=100 in Dec 2024. This records a decrease from the previous number of 97.700 2007=100 for Sep 2024. Greece New Apartment Price Index: Over 5 Years data is updated quarterly, averaging 74.700 2007=100 from Mar 2006 (Median) to Dec 2024, with 76 observations. The data reached an all-time high of 101.700 2007=100 in Sep 2008 and a record low of 57.900 2007=100 in Sep 2017. Greece New Apartment Price Index: 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.

New Apartment Price Index: Other Cities: Over 5 Years data was reported at 88.200 2007=100 in Dec 2024. This records an increase from the previous number of 87.500 2007=100 for Sep 2024. New Apartment Price Index: Other Cities: Over 5 Years data is updated quarterly, averaging 73.050 2007=100 from Mar 2006 (Median) to Dec 2024, with 76 observations. The data reached an all-time high of 102.800 2007=100 in Sep 2008 and a record low of 60.100 2007=100 in Jun 2017. New Apartment Price Index: Other Cities: 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 New Apartment Price Index: Other Cities: Up to 5 Years data was reported at 103.800 2007=100 in Dec 2024. This records a decrease from the previous number of 104.000 2007=100 for Sep 2024. Greece New Apartment Price Index: Other Cities: Up to 5 Years data is updated quarterly, averaging 80.250 2007=100 from Mar 2006 (Median) to Dec 2024, with 76 observations. The data reached an all-time high of 104.000 2007=100 in Sep 2024 and a record low of 63.100 2007=100 in Mar 2017. Greece New Apartment Price Index: Other Cities: 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.

A table showing average property prices per square metre (€) across various regions and cities in Greece.

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.

The size of the Greece Property And Casualty Insurance Market was valued at USD 7.60 Million in 2023 and is projected to reach USD 9.78 Million by 2032, with an expected CAGR of 3.67% during the forecast period. The Greece property and casualty insurance industry plays a crucial role in the country's financial landscape, providing coverage against a range of risks associated with property damage and liability. This sector encompasses various types of insurance products, including homeowners insurance, automobile insurance, commercial property insurance, and liability coverage. With a growing economy and increased focus on risk management, the industry has evolved to meet the diverse needs of both individuals and businesses. In recent years, the demand for property and casualty insurance in Greece has been driven by factors such as rising property values, increased vehicle ownership, and a heightened awareness of the importance of financial protection. The industry is characterized by a mix of local and international insurers, which fosters competition and innovation in product offerings. Regulatory frameworks established by the Bank of Greece and the European Insurance and Occupational Pensions Authority (EIOPA) ensure that insurers maintain adequate reserves and operate transparently, enhancing consumer confidence. Recent developments include: December 2022: European Reliance and Allianz Greece announced the formation of an Executive Committee (ExCom) to oversee their joint expansion journey and facilitate the effective integration of the two companies. The composition of the ExCom members has been carefully chosen with the primary goal of ensuring a seamless integration process.., February 2022: The European Commission unconditionally cleared the acquisition of Ethniki Hellenic General Insurance Company S.A. of Greece by CVC Capital Partners SICAV FIS S.A. of Luxemburg. Ethniki offers life and non-life insurance services, insurance distribution, and reinsurance services in Cyprus, Greece, and Romania. CVC and its subsidiaries manage investment funds and platforms and control many companies, including the Hellenic Healthcare Group, which offers private hospital services in Cyprus and Greece.. Key drivers for this market are: Digitalization is Driving the Market. Potential restraints include: Economic Disparities are Restraining the Market. Notable trends are: Technological Advancements are Driving the Market.