Greek Home Prices Rise in Q2 2026, Growth Slows, Rentals Remain Tight

Greece’s residential property market continued to expand in the second quarter of 2026, but the pace of price increases slowed. The SPI House Price Index showed average asking prices for homes up 6.1% year‑on‑year, down from a 9.7% rise in the same period of 2025. Rental asking prices rose only 1.3%, far slower than the 7.2% increase recorded a year earlier.

In the Athens metropolitan area, sale prices rose 5.3% and rents rose 4.5% compared with the previous quarter. In Thessaloniki, sale prices increased 7.7% while rents climbed 6.6%; both growth rates were markedly lower than the double‑digit gains of 2025. The most expensive locations remained the southern suburbs of Athens (average €4,231 per m²) and the Cyclades islands (average €4,063 per m²). The cheapest market was the regional unit of Kastoria at €585 per m². For rentals, the Cyclades led with €14.4 per m², while Pella recorded the lowest rents.

Regional data from northern Greece echoed the national trend. In Thessaloniki, the average sale price reached €2,714 per m² (up 3.4%) and average rents hit €11 per m² (up 10%). Student housing in major cities showed sharp price pressure, with small apartments in Athens and Thessaloniki often exceeding €800 per month.

Overall, the market remains driven by strong demand in major urban centres and tourism‑linked islands, even as price growth moderates and rental affordability challenges persist.