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Greece Shows a Double-Digit Annual Increase of Apartment Prices

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Apartment prices in the country increased by 11.2% year-on-year in the third quarter of 2022.

According to the Central Bank of Greece, apartment prices in the country increased by 11.2% (excluding inflation) year-on-year in the third quarter of 2022. For comparison, the annual price growth in the second quarter was 9.8%, and 10.1% in the first quarter. In 2021, apartments in Greece have risen in price by 7.6%.

Types of apartments. In the third quarter of 2022, the year-on-year price growth rate for new apartments was 12.2% (up to 5 years old) and 10.5% for old apartments (over 5 years old).

According to updated data, prices for new apartments increased by 10.9% and 11.0% year-on-year, respectively, in the first and second quarter of 2022, while prices for old apartments increased by 9.0% and 9.5%. In 2021, the average annual growth rates of prices for new and old apartments amounted to 8.1% and 7.2%, respectively.

Regions. By region, in the third quarter of 2022, apartment prices increased year-on-year by 13.0% in Athens, 11.1% in Thessaloniki, 9.4% in other cities and 8.9% in other areas of Greece.

According to the revised data, in the first and second quarter of 2022, apartment prices increased year-on-year by 11.3% and 11.8% in Athens, 9.6% and 10.8% in Thessaloniki, 9.3% and 9.5% in other cities and 6.9% in other areas of Greece, respectively. In general, in 2021, prices increased by an average of 9.7%, 7.4%, 5.8% and 4.8%, respectively, in the above areas.

Propreties for sale in Greece:
Villa for 400 000 euro in Rethymno, Greece
400 000 €
Villa in Rethymno, Greece
234 sq.m 5 3 2
Residence
For sale 3-storey villa with an area of 234 sq.m on the island of Crete. The ground floor consists of a living room, one shower room. The first floor consists of a living room with a kitchen, one shower room. The second floor consists of 3 bedrooms, a Jacuzzi. The windows overlook the sea. The facility has solar panels for water heating,...
GREKODOM DEVELOPMENT A.E
House for 240 000 euro in Pieria, Greece
240 000 €
House in Pieria, Greece
320 sq.m 4 2 1
For sale a 2-storey cottage with an area of 320 sq.m on the Olympic Riviera under construction. The first floor consists of one bedroom, a living room with a kitchen, one bathroom. The second floor consists of one bedroom, a living room with a kitchen, one shower room. The Windows offer a magnificent view of the sea, the forest. The property...
GREKODOM DEVELOPMENT A.E
Cottage for 370 000 euro in Kassandra, Greece
370 000 €
Cottage in Kassandra, Greece
160 sq.m 5 3 3
Residence Remote Transaction Rental property
For sale a 2-storey furnished maisonette of 105 m² and autonomous apartment of 55 m² on a plot of 1.300 m². The maisonette consists of 2 bedrooms, living room with open plan kitchen, 2 bathrooms and verandas overlooking the sea and the surroundings. The apartment has 1 bedroom, living room with open plan kitchen and 1...
El Greko
Maisonette for 110 000 euro in Loutraki, Greece
110 000 €
Maisonette in Loutraki, Greece
70 sq.m 3 2 2
Online Viewing Remote Transaction
- Townhouse 70 sq.m with a plot of 700 sq.m with a beautiful view of the sea and mountains! - Just 2 km from the beach and the center of Loutraki. - In a good condition - Detached storage room and garage - The maisonette has 2 levels and has on the ground floor a cozy living room with a fireplace, a kitchen and a toilet. - On the...
REAL ESTATE SIDERIS
Townhouse for 200 000 euro in Kassandra, Greece
200 000 €
Townhouse in Kassandra, Greece
80 sq.m 3 2 1
Remote Transaction
For sale under construction a 2-storey maisonette of 80 m² with a plot of 20 m². It consists of 2 bedrooms, living room with open plan kitchen, 1 bathroom, 1 WC and verandas overlooking the village. Also, there is: preinstallation for diesel heating, safety door. The construction of the property will finish in May of 2024. The...
El Greko
Maisonette for 330 000 euro in Chalkidiki, Greece
330 000 €
Maisonette in Chalkidiki, Greece
120 sq.m 4 3 2
Residence
Townhouse for sale with an area of 120 sq.m on the Sithonia peninsula, Halkidiki region. The townhouse is located on 3 levels. The first floor consists of a living room with a kitchen, one bathroom. The second floor consists of 2 bedrooms, one shower room. The third floor consists of one bedroom, one shower room. The windows offer views of the...
GREKODOM DEVELOPMENT A.E
House for 520 000 euro on Ionian Islands, Greece
520 000 €
House on Ionian Islands, Greece
130 sq.m
Residence
For sale 1-storey house of 130rs on the island of Corfu. The owners will be leaving the furniture with the sale. For sale, two houses of 60 sq.m and 70 sq.m in the area of Ipsos, in the north-east of Corfu island. Each house has a living room with kitchen, two bedrooms, and a shower room. There is also a small yard in front of one of the...
Mercury Group
Flat for 310 000 euro in Athens, Greece
310 000 €
Flat in Athens, Greece
88 sq.m 3
Residence
For sale apartment of 88rs in Athens. The apartment is situated on the . Flat has interior layout.
Mercury Group
Townhouse for 870 000 euro in Athens, Greece
870 000 €
Townhouse in Athens, Greece
190 sq.m 1
Residence
For sale maisonette of 190rs in Athens. The maisonette has one level. There is a fireplace, air conditioning and heating. The owners will be leaving the furniture with the sale.
Mercury Group
House for 650 000 euro on Ionian Islands, Greece
650 000 €
House on Ionian Islands, Greece
270 sq.m 5 3
Residence
For sale 3-storey house of 270rs in Thessaloniki. The semi-basement consists of 2 bedrooms, living room with kitchen, one bathroom. The ground floor consists of living room with kitchen, one bathroom. The first floor consists of 3 bedrooms, one bathroom. A view of the mountain, the forest opens up from the windows. There is a fireplace and...
Mercury Group
House for 300 000 euro in Thessaloniki, Greece
300 000 €
House in Thessaloniki, Greece
285 sq.m 5 3
Residence
For sale 3-storey house of 285rs in the suburbs of Thessaloniki. The semi-basement consists of one bedroom, one kitchen, one shower WC. The ground floor consists of living room, one kitchen, one shower WC. The first floor consists of 4 bedrooms, one bathroom. A magnificent view of the sea, the mountain, the forest opens up from the windows....
Mercury Group
Flat for 135 000 euro in Thessaloniki, Greece
135 000 €
Flat in Thessaloniki, Greece
45 sq.m 2 1 1
Apartment for sale with an area of 45 sq. m in Thessaloniki. The apartment is located on the second floor and consists of one bedroom, a living room with a kitchen, one shower room. The apartment has a corner location. The windows offer views of the city. The facility has heating. The property is sold furnished. There is an elevator in the...
GREKODOM DEVELOPMENT A.E
Flat for 300 000 euro in Thessaloniki, Greece
300 000 €
Flat in Thessaloniki, Greece
70 sq.m 2
Residence
An apartment of 70 sq.m is for sale in Thessaloniki. The apartment is located on the floor with a view of the forest.
GREKODOM DEVELOPMENT A.E
House for 300 000 euro in Chalkidiki, Greece
300 000 €
House in Chalkidiki, Greece
100 sq.m 3 2 1
Residence
For sale 1-storey cottage with an area of 100 sq.m in Halkidiki. The cottage consists of 2 bedrooms, a living room with a kitchen, one shower room. The object has a fireplace, air conditioning. The property is sold furnished. The property includes a parking space.
GREKODOM DEVELOPMENT A.E
Flat for 265 000 euro in Corfu, Greece
265 000 €
Flat in Corfu, Greece
100 sq.m 4
Residence
Apartment for sale with an area of 100 sq.m on the island of Corfu. The apartment is located on the floor and consists of Windows overlooking the mountains, the city. The property has a fireplace, air conditioning, heating. The property is sold furnished. The property includes a parking space, a garden.
GREKODOM DEVELOPMENT A.E
Maisonette for 145 000 euro in Pieria, Greece
145 000 €
Maisonette in Pieria, Greece
76 sq.m 3 2 1
Apartment for sale with an area of 76 sq.m on the Olympic Riviera. The apartment is located on the third floor and consists of 2 bedrooms, a living room with a kitchen, one bathroom. The windows offer a magnificent view of the sea, the mountains. The facility has solar panels for water heating, air conditioning, heating. The property is sold...
GREKODOM DEVELOPMENT A.E
House for 95 000 euro in Loutraki, Greece
95 000 €
House in Loutraki, Greece
133 sq.m 4 3 1
Online Viewing Remote Transaction
- Kalamaki area of Isthmia - Detached house for sale 133 sq.m - It consists of three spacious bedrooms with wardrobes, one of which has its own bathroom and wc - Comfortable living room with fireplace - Separate kitchen and a bathroom - It has three air conditioners - It also has a landscaped yard with barbecue and outside storage...
REAL ESTATE SIDERIS
Townhouse for 500 000 euro in Athens, Greece
500 000 €
Townhouse in Athens, Greece
100 sq.m 3 2 1
Residence
For sale under construction maisonette of 100rs in Athens . The maisonette has 2 levels. 2nd floor consists of , living room with kitchen. 3rd floor consists of 2 bedrooms, one shower WC. There is a fireplace, air conditioning and heating. Building has a lift. There is an alarm system installed. Extras included with the property: parking space....
Mercury Group
Flat for 300 000 euro in Thessaloniki, Greece
300 000 €
Flat in Thessaloniki, Greece
71 sq.m 3 2 1
Residence
For sale apartment of 71rs in Thessaloniki. The apartment is situated on the 6th floor. It consists of 2 bedrooms, living room with kitchen, one shower WC. Flat has front layout. A magnificent view of the sea opens up from the windows. There is air conditioning and heating. Building has an elevator. There is an alarm system installed. Extras...
Mercury Group
Flat for 136 000 euro in Chalkidiki, Greece
136 000 €
Flat in Chalkidiki, Greece
49 sq.m 2 1 1
An apartment of 49 sq.m is for sale in Halkidiki under construction. The apartment is located on the fourth floor and consists of one bedroom, a living room with a kitchen, one shower room. The windows overlook the sea. The facility has solar panels for water heating, heating. There is an elevator in the building. The property includes a parking...
GREKODOM DEVELOPMENT A.E

Source: Bank of Greece
Photo by Sonya Brady on Unsplash

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