The rate of construction activity in Greece is not enough to satisfy the country’s growing housing demand, as property prices continue to rise without any sign of correction, according to iefimerida.
According to Spitogatos, the average sale price of homes nationwide in the third quarter of 2025 rose by 10% compared to the same period in 2024 and by 1.6% from the previous quarter. Rents also recorded a 7.2% annual increase, further pressuring households already facing soaring living costs.
In Attica, the areas with the largest annual increases in home sale prices were central Athens (up 27.4%), Drapetsona (26.3%) and Perama (26.1%) in the Piraeus suburbs, and Peristeri in the western suburbs with 22%.
The cheapest homes for sale are in Agia Varvara (€1,470/sq.m.), while the most affordable rental areas are Stamata, Kamatero and Agios Stefanos (€7.3/sq.m.), according to Spitogatos.
As for rentals, the highest annual rent increases were seen in Gazi–Metaxourgio–Votanikos (18.8%), Petroupoli (17.6%), Perama (15.5%), Filothei (15.3%) and Aigaleo (15.2%).
Over the past decade, housing prices have doubled or even more in several Athens neighborhoods. Research by Geoaxis shows that in areas like Ampelokipoi, Maroussi, Palaio Faliro, Peristeri and Cholargos, prices for new apartments have risen by an average of 100% and for older ones by 94% compared to 2016 values.
Despite some growth in new construction, analysts warn that without a major boost in housing supply or targeted policy measures, Greece’s housing crisis is unlikely to subside anytime soon.
