Greece real estate market sees rising rents and luxury sector maturation

The Greek real estate market is experiencing significant shifts in 2026. Residential rents have increased by 3.8% nationwide, driven by high demand and limited supply. Attica led this trend with a 4.3% average increase, while Thessaloniki saw a more moderate 3% rise. High-demand areas include Kolonaki, Santorini, and the Thessaloniki Old Waterfront, where average rents reach €14 per square meter.

In the luxury sector, experts suggest the market is entering a phase of organic maturation rather than a bubble. This is attributed to the entry of international institutional capital, a prevalence of equity-heavy transactions, and a scarcity of high-quality properties in areas like the Athenian Riviera and Northern Suburbs. Demand for luxury homes remains high, with buyer inquiries reaching record levels.

Additionally, residential insurance coverage in Greece is on the rise. Insurance for homes against weather phenomena and earthquakes increased by 3.1% in the first quarter of 2026. Total active home insurance contracts reached over 1.36 million, representing a 1% increase from the end of 2025.