🏠 Greece’s residential real estate market continues to grow, although the pace of price increases is becoming more moderate. According to the Bank of Greece, apartment prices in the country increased by 5.7% year-on-year in the first quarter of 2026.

📊 For comparison, apartment prices rose by 8.1% in 2025 and by 9.1% in 2024. This shows that the market is gradually moving from a phase of rapid recovery to a more balanced growth pattern. However, prices remain in positive territory, while housing demand continues to be stable.

📈 New apartments are rising in price slightly faster than older properties. In Q1 2026, apartments up to five years old increased by 6.0%, while apartments older than five years rose by 5.5%.

Key figures for Q1 2026:

— all apartments nationwide: +5.7%
— new apartments: +6.0%
— older apartments: +5.5%
— urban areas overall: +5.6%

🌆 Regional data also shows an interesting shift. Athens remains the country’s largest and most liquid real estate market, but in Q1 2026 its price growth was lower than in several other areas. Apartment prices in Athens increased by 5.2%, while Thessaloniki recorded growth of 6.4%.

By region, the dynamics were as follows:

— Athens: +5.2%
— Thessaloniki: +6.4%
— other cities: +5.4%
— other regions of Greece: +6.9%

🏝 The strongest growth was recorded not in Athens, but in other regions of Greece, where apartment prices rose by 6.9%. This is an important signal for buyers and investors. Demand is gradually spreading beyond the capital market. Interest in regional real estate is supported by several factors: a lower entry threshold, tourism potential, rental demand, and buyers’ preference for seaside or less overheated locations.

🏗 At the same time, Athens remains central to the market. The capital is still the main hub for business activity, rental demand, and international buyers. However, its higher price base makes further growth less sharp compared with regions where property prices are still lower and growth potential remains stronger.

📌 For buyers, this means that the Greek real estate market can no longer be assessed only through Athens. In 2026, Thessaloniki, coastal regions, and cities with developed tourism infrastructure deserve increasing attention. These locations may offer higher growth potential and a lower entry budget than the most popular districts of the capital.

💶 Stable price growth is also important for investors considering Greek real estate as a long-term asset. Even with slower growth, the market remains positive, while regional differences allow buyers to choose a strategy based on their goals: living, rental income, capital preservation, or future resale.

🔎 You can explore property options in Greece based on your budget and goals on our website.