In Q3 2025, the housing market in Epirus continues to show strong upward momentum, with rising average asking prices, significantly increased demand (particularly in Ioannina), premium prices in tourist areas such as Sivota, and growing international investor interest.
Key highlights on the evolution of average asking prices in the Region of Epirus in Q3 2025:
- The real estate market in Epirus recorded steady and strong growth over the 2019-2025 period. Average asking prices (AAP) for residential sales increased cumulatively by 41%, while average asking rents rose by a total of 47.2%.
- Demand for home purchases is strengthening significantly, recording an annual increase of +17.4%, confirming the market’s strong momentum. Ioannina stands out as the city with the largest housing supply (stock) and continues to lead in terms of housing demand as well.
- Sivota emerges as the most expensive area for residential purchases, reflecting its strong investment and tourism-oriented profile.
- At the same time, international interest continues to rise, with notable demand from markets such as Germany, the United States, and the United Kingdom, further supporting the market’s outlook.
The real estate market in the Region of Epirus has demonstrated strong growth dynamics in recent years, supported by a combination of robust tourism appeal, established academic activity, and growing interest in alternative forms of tourism. Areas such as Sivota, Zagorochoria, and Preveza attract increased investment and second-home demand, while Ioannina functions as a stable urban, administrative, and student hub for the region.
Within this context, the Spitogatos Insights analysis captures trends in average asking prices and residential demand during the third quarter of 2025, highlighting the continued strengthening of the local market. Below is a detailed overview of key developments in the Epirus real estate market.
Increase in average asking prices for residential sales and rentals in Epirus
In recent years, both the sales and rental markets in the Region of Epirus have recorded a significant increase in average asking prices (AAP) for residential properties. Over the 2019-2025 period, the average asking sales price for housing in Epirus rose by 41%. Notably, in 2025 alone, prices increased by 7.3% year-on-year compared to 2024, confirming the sustained momentum of the regional real estate market.
In 2025, the average asking sales price reached €1,538 per sq.m.
As previously noted, the residential rental market in the Region of Epirus followed a similarly upward trajectory. Specifically, between 2019 and 2025, average asking rents recorded an increase of 47.2%. In 2025, an annual rise of 7.1% was observed, with the AAP for rent reaching €8.9 per sq.m, compared to €6.1 per sq.m in 2019.
Trends in average asking prices for land
The land market shows more moderate but steady growth across the Region of Epirus. Following a slight decline in 2020, average asking land prices recorded gradual increases through 2022 and temporarily stabilized in 2023. In 2025, the average asking price for land purchases in Epirus stands at €133 per sq.m. Overall, from 2019 to 2025, land sale prices increased by 5.3%, reflecting cautious but healthy investment interest.
Highest asking residential sale prices in the Regional Units of Preveza and Thesprotia
In the residential sales market, the highest average asking prices are recorded in the Regional Units (RU) of Preveza and Thesprotia. In contrast, the lowest sale prices are observed in the RU of Arta, at approximately €900 per sq.m.
In the rental market, RU of Ioannina records the highest asking rents, followed by the RU of Preveza. On the other hand, RU of Thesprotia registers the lowest average asking rents. Notably, the RU of Arta stands out, with rents increasing annually by 24.4%.
At city level, and more specifically regarding the capitals of the RUs, Preveza records the highest average asking prices for residential purchases in Q3 2025, while Arta remains the most affordable option despite an annual increase of 18.5%. In rentals, Ioannina leads with an average asking rent of €9.2 per sq.m., while Igoumenitsa records the lowest rental prices. Arta again, stands out, with an annual increase of 17.1% and average asking rents reaching €7.8 per sq.m.
More than 50% of available residential stock located in Ioannina
More than 50% of the available residential stock for sale in Epirus is in Ioannina, confirming its dominant role in the regional market. Preveza follows with 18% and Thesprotia with 16%, while Arta accounts for the smallest share, at just 8%.
A similar picture is observed in the rental market, where Ioannina concentrates the majority of available listings, with the remaining regional units holding significantly lower shares.
Most expensive and most affordable areas for residential purchases
Sivota (RU of Thesprotia) is the most expensive area in Epirus to buy a home, with average asking prices (AAP) reaching €2,500 per sq.m. High price levels are also recorded in Fanari (RU of Preveza) and the Municipality of Preveza.
Conversely, more affordable areas include Passarona (RU of Ioannina) with average asking prices of €1,150 per sq.m., as well as Arta (RU of Arta), Metsovo (RU of Ioannina), Paramithia (RU of Thesprotia), and Central Zagori (RU of Ioannina).
Sources of international demand and key areas of interest
Total demand for residential purchases in Epirus increased by 17.4% in 2025 compared to 2024. Domestic demand showed stronger growth at +19.8%, while international demand rose by 9.6%.
The highest level of foreign interest originates from Germany, the United States, the United Kingdom, China, and the Netherlands. The most sought-after property types include detached houses, apartments, and maisonettes. The areas with the strongest appeal for both domestic and international buyers are Ioannina, Preveza, and Central Zagori.
💡 Explore changes in average residential asking prices by area and time period using the Spitogatos Price Index (SPI).
The Region of Epirus is shaping into a mature and diversified real estate market, characterized by a balanced mix of tourism-driven, urban, and alternative destinations. The upward trend in average asking prices, strengthening demand, and rising international interest point to positive prospects for the period ahead, significantly enhancing the region’s overall attractiveness.
