Greek apartment prices rise 5.7% in Q1 2026

The Bank of Greece reported that nominal apartment prices increased by 5.7% year‑on‑year in the first quarter of 2026, continuing an upward trend but at a slower pace than previous years. New apartments (up to five years old) rose 6.0% while older units (over five years) rose 5.5% compared with the same period in 2025. Regional growth varied: Athens +5.2%, Thessaloniki +6.4%, other major cities +5.4% and the rest of the country +6.9%. The bank’s temporary data, based on about 964,300 property valuations, show a gradual easing from the 8.1% annual increase recorded for 2025 (versus 9.1% in 2024). Strong demand is driven by tourism, investment inflows and limited housing supply, with buyers favoring newer, energy‑efficient units.