See useful insights into the average asking prices for home sales and rentals in Greece in the third quarter of 2025. Where are the biggest increases and which areas stand out?
Key takeaways for the 3rd quarter of 2025:
- Market overview: Average asking prices (AAP) for home sales rose by 10.0% year-on-year and 1.6% quarter-on-quarter, while rental prices increased 7.2% annually and remained stable quarterly.
- Most expensive & most affordable areas in Greece: The highest AAPs for buying and renting are found in the Southern and Northern Suburbs and the Cyclades. More affordable options for buying are in Kastoria and Kozani, while for renting, in the Thessaloniki Regional Unit (outside the city) and Pella.
- Attica: Sale prices (AAP) increased by 8.8% annually, and rental prices by 4.8%. The highest sales and rental AAP are found in Vouliagmeni, while the most affordable for buying is Agia Varvara, and for renting, Stamata. Notable price hikes were recorded in Athens Center (+27.4% sales) and Gazi-Metaxourgio-Votanikos (+18.8% rentals).
- Thessaloniki: Residential sales prices rose by 11% and rents by 7.7%, with Kalamaria (sales) and the city center (rentals) being the most expensive areas. More affordable options are Kallithea (sales), Migdonia, and Chortiatis (rentals). The largest annual increases were recorded in Michaniona (sales) and Vasilika (rentals).
The Greek housing market continues to show strong momentum, confirming its upward trajectory amid rising demand and growing investment interest. According to recent data, the average asking prices (AAPs) for residential properties for sale have increased by 10% year-on-year (YoY) and by 1.6% compared to the previous quarter. At the same time, rental asking prices rose by 7.2% annually, while remaining nearly unchanged on a quarterly basis (QoQ), indicating a stabilization in the rental sector. This picture reflects a real estate market that is evolving dynamically.
Southern suburbs, Cyclades, & Northern suburbs dominate residential property prices for sale & rent
For those considering buying or renting a home in Greece, understanding market trends and regional differences is key to making informed decisions. Below, we will explore the top 5 most expensive and most affordable areas to buy or rent a home. Notably, both suburban and tourist destinations stand out. Let’s dive into the data.
Initially, in terms of home buying, the most expensive areas across Greece, according to Spitogatos data for the third quarter of 2025, include: the Southern Suburbs of Athens (AAP: €4,091/sq. m.), the Cyclades, the Northern Suburbs, the Regional Unit (RU) of Lefkada, and the RU of Chania. In contrast, the most affordable options are found in the RUs of Kastoria, Kozani, Florina, Kilkis, and Karditsa.
In the third quarter of 2025, the highest average asking prices (AAPs) for residential rentals were recorded in the Southern Suburbs of Athens (€13.1/sq.m.), the Cyclades, and the Northern Suburbs of Athens. The top five is rounded out by the Center of Athens and Piraeus. The most affordable regions for renting a home include the following RUs: Thessaloniki (outside the city), Pella, Kilkis, Imathia, and Grevena.
Average asking prices (AAP) on the rise in Attica - Higher sales & rental prices in Vouliagmeni
In Attica, the average asking prices for homes for sale increased by 8.8% year-on-year, while rental asking prices saw a smaller rise of 4.8%. This difference in growth rates may suggest that the real estate market is more dynamic in the sales sector, driven by stronger demand or investment interest.
The most expensive areas for purchasing property are Vouliagmeni (average asking price: €7,586/sq.m.), Voula, Glyfada, Elliniko, and Kolonaki-Lykavittos. Similarly, in rentals, the highest asking prices are found in Vouliagmeni, Voula, Kolonaki-Lykavittos, Filothei, and finally, Palaio Psychivko, with an average asking price of €16.3/sq.m.
Notably, the Southern Suburbs of Athens, such as Vouliagmeni, Voula, and Glyfada, rank among the priciest areas for both buying and renting, confirming their enduring appeal due to their seaside location, high-quality features, and the region’s developmental momentum.
On the other hand, the most affordable options for buying or renting a home are mainly located in the western and northern suburbs of Attica, as well as in areas in the east and center. In the home purchase market, areas such as Agia Varvara and Acharnes in the western suburbs of Attica, Vanravas in the eastern suburbs, Patisia, and Patision-Acharnon in central Athens stand out. Similarly, for home rentals in the third quarter of 2025, the lowest AAP are found in areas such as Stamata and Agios Stefanos in the northern suburbs, Kamatero and Ilion in the west, and Paiania in the eastern suburbs of Attica.
Largest increases in Athens center for purchase & Gazi-Metaxourgio-Votanikos for rent - Where did prices remain still?
The largest increases in ΑΑP sales prices in Attica for residential properties were recorded in Central Athens (+27.4%), Drapetsona (+26.3%), Perama (+26.1%), and Peristeri (+22%). In the rental sector, the areas with the most significant increases in rent a home are Gazi-Metaxourgio-Votanikos (+18.8%), Petroupoli (+17.6%), Perama, Filothei, and Aigaleo. In contrast, AAPs of homes for sale or rent (?) remained stable in areas such as Nea Smyrni, Agia Paraskevi, Metamorfosi, Kolonaki-Lykavittos, and Kastella-Pasalimani.
Upward trend for properties in Thessaloniki too - Kalamaria is more expensive to buy, & the city center is more expensive to rent
In Thessaloniki, the market is also showing upward momentum. According to Spitogatos' data for the third quarter of 2025, home sale prices increased by 11% year-over-year, while AAP rental prices rose by 7.7%. The most expensive areas to buy a home are Kalamaria (€3,059/sq.m.), the City Center (€2,895/sq.m.), and Pylea (€2,833/sq.m.). The highest AAP rental prices are found in the City Center (€11.5/sq.m.), the 40 Ekklisies-Evangelistria area, and Vardaris-Lachanokipoi. If you are looking for more affordable options, you can consider properties for sale in the suburbs of Thessaloniki, particularly in areas such as Kallithea, Migdonia, and Vasilika. At the same time, the areas with the lowest average asking prices to rent a home are Migdonia, Chortiatis, and Mikra.
Largest increases in purchase prices in Michaniona & rental prices in Vasilika
However, there are also areas in Thessaloniki that stand out as having the highest increases in average asking sale and rent prices. In the first case, i.e, for buying a home, we find areas such as Michaniona, Thermaikos, and Stavroupoli. Next, the areas with the largest increase in average asking rent prices are Vasilika, Thermi, and Xirokrini-Panagia Faneromeni.
In summary, the real estate market in Greece, based on data from the third quarter of 2025, is on an upward trajectory, with average asking prices for both residential property sales and rentals increasing across many regions of the country. Leading this growth are the Southern Suburbs of Athens and the Cycladic Islands. Focusing on Athens, areas within the southern suburbs and the city center show the highest average asking prices, while locations such as Agia Varvara, Ilion, and Kamatero are considered more affordable for both buying and renting a home. Meanwhile, despite rising average prices in Thessaloniki, cost-effective options can still be found in areas like Migdonia, Mikra, and Vasilika. To make informed decisions, it is essential to have a comprehensive understanding of the market, carefully evaluate the available options, and choose what best aligns with one’s needs and preferences.
