The launch of the program “My House 2”, the events related to the Golden Visa, high demand for real estate and rent, as well as the constant rise in prices in major urban centers and throughout Greece, are among the most important factors determining the Greek real estate market in 2025.
Real Estate
Nationally, the housing market continued its upward trend in 2025, with the average asking price (AAP) accelerating its growth rate to 9.4%, year-on-year, from 8.8% a year earlier. At the same time, the rental market showed softer dynamics, as the AAP for residential rental increased by 6%, compared to a higher annual increase of 7.8% in 2024.The AAP for a home sale increased by 8.7% in 2025 compared to the previous year, recording a higher annual increase compared to the previous year. In contrast, the AAP for a home rental moved at a slower pace, increasing by 4.5% on an annual basis and declining from the significant increase of 8.1% recorded in 2024.
Thessaloniki recorded a significant annual increase in AAP for residential sales in 2025, by about 11.2% compared to the previous year, while the AAP for rentals in 2025 was slightly lower, increased by 9.2% compared to the previous year.
Dynamic analysis of AAP for housing sales and rentals in the period 2021-2025 in Attica and Thessaloniki shows a strong upward tendency in both markets, with a clearly more pronounced upward trend in Thessaloniki. In particular, AAP for residential sales in Thessaloniki increased by 63.5%, which is higher than the same indicator in Attica (41.5%).
In contrast, increases in average rental asking prices appear more modest, reaching 28.4% in Thessaloniki and 24.9% in Attica. The differentiation between sales and rents reflects strong demand for housing, as well as investment properties.
In Thessaloniki, the upward momentum of the housing market remains strong in 2025, making the city one of the fast growing real estate markets in the country. The suburbs of Thessaloniki have a significant annual increase in average sales price (12.6%) while an important growth of 10.1% is also noted in the municipality of Thessaloniki.
In 2025, the coastal and central regions will confirm their primacy in terms of asking prices for the sale and rental of housing for another year. Kalamaria is the most expensive area to buy a home, with an average asking price of 3,052 euros per m², confirming its stable attractiveness to potential buyers. This is followed by the center of Thessaloniki, Pilea, Tumba and Charilaou, which form the axis of increased demand, extending from the historical center to the east of the city.
Source: To Vima