Explore the dynamic real estate market in Thessaly for the 3rd quarter of 2025, with an increase in average asking prices (AAP), increased domestic and international demand, and particular interest in properties in Magnesia and the Sporades.
Key conclusions for the real estate market in Thessaly in the third quarter of 2025:
- The increase in the Average Asking Prices (AAP) of residential properties in Thessaly on an annual basis to +9.7%, while overall, from 2019 until today, it reaches +35.3%.
- At the same time, a relative stabilization of the Average Asking Prices (AAPs) for land purchases is observed, with slight decreases during the period 2023-2025.
- In the 3rd quarter of 2025, significant increases are recorded in Karditsa (+19.2%) and Magnesia (>10%). The highest average asking prices are found in the Sporades (€2,632/sq.m.), with Skiathos standing out, as the AAP for sales reaches €3,273/sq.m.
- More than 50% of the available housing stock is in Magnesia, followed by the Regional Units (R.U.) of Larissa and Trikala.
- Overall demand to buy residential property in Thessaly in 2025, compared to the previous year (2024), recorded an increase of +17.4%. Domestic demand increased by +18.7%, while international demand rose by +9.8%.
- The most popular types of housing in Thessaly are single-family homes, apartments, and villas.
The real estate market of Thessaly in 2025 demonstrates remarkable momentum, driven by key factors such as the growth of tourism (particularly in the Sporades islands), agricultural production that sustains the local economy, and steady demand for student housing. These elements create an environment that supports the rise of Average Asking Prices (AAP) for residential properties, while at the same time contributing to the stabilization of land prices. Here are some more useful real estate insights for Thessaly.
Continuous rise in housing sale prices in Thessaly - Stabilization in land prices
The Average Asking Price (AAP) for residential property sales in Thessaly, in the 3rd quarter of 2025, reaches €1,273/sq.m., marking an annual increase of +9.7%. Regarding the evolution of prices in the Regional Unit (R.U.) of Thessaly, from 2019 until today, asking prices have risen by a total of 35.3%, highlighting the ongoing dynamism of the market.
In terms of average asking sales prices for land plots for sale in the Thessaly region, the total increase from 2019 to date is +17.8%. However, prices have stabilized somewhat in recent years. It should be noted, however, that in the three-year period 2023-2025, there were small decreases (-1.8% and -1.3%) in the average asking sale price of land, possibly influenced by the effects of the severe weather event "Daniel."
Significant increase in average asking prices in Karditsa and Magnesia - Where the most expensive and most affordable options are found
In the 3rd quarter of 2025, notable increases in the Average Asking Prices (AAP) of homes for sale in the residential property market are observed in the Regional Unit (R.U.) of Karditsa (+19.2%) and in the R.U. of Magnesia (over 10%). The highest residential AAPs are recorded in the Sporades, where prices reach €3,273/sq.m. Conversely, the lowest residential AAPs across the entire region of Thessaly are found in Karditsa and Trikala.
Over 50% of the available housing stock in Magnesia
More than half of the available housing stock (specifically 58%) is concentrated in the Regional Unit (R.U.) of Magnesia. It is followed by the R.U. of Larisa with 22%, the R.U. of Trikala with 10%, and the Sporades with 6%. The top five is completed by the R.U. of Karditsa, where the available stock of houses for sale amounts to just 5%. This distribution highlights the strong presence of Magnesia in the real estate market of Thessaly.
Highest average asking price for home purchases in Skiathos - Lowest in Tirnavos
The most expensive areas for buying a home in the Regional Unit (R.U.) of Thessaly are Skiathos (€3,273/sq.m.), Alonissos, Skiros, Skopelos, and Mouresi in Pelion (€1,802/sq.m.). In 2025, prices in Skiathos appear to be stabilizing, while other areas such as Alonissos, Skopelos, and Milies show significant increases.
On the other hand, the list of the most affordable areas to buy a home in the third quarter of 2025 in Thessaly includes areas such as Tirnavos, Elassona, Mouzaki, Almiros, and Platikampos.
Increased demand for home purchases in Thessaly
Overall demand for residential properties for sale in the Regional Unit (R.U.) of Thessaly rose by 17.4% in the 3rd quarter of 2025 compared to the same period in 2024. Domestic demand strengthened by 18.7%, while demand from abroad increased by 9.8%.
The main countries of origin for prospective buyers of homes in Thessaly are:
- United States
- Germany
- United Kingdom
- Bulgaria
- Serbia
- China
- Netherlands
It is also worth noting that the areas of Thessaly with the greatest appeal are the Regional Units (R.U.) of Magnesia and Larissa, while the most popular types of housing remain detached houses, apartments, and villas.
In conclusion, the real estate market in Thessaly during the third quarter of 2025 showed notable vitality, attracting the interest of investors from both Greece and abroad. At the same time, there are significant increases in the average selling prices of homes in the various regional units of Thessaly. Taking into account the available housing stock and sales prices, it is clear that there are options for different budgets, areas of interest, and types of housing. Therefore, those interested in buying a home somewhere in Thessaly should consider all the parameters and evaluate the available options before making a move.
