Greater Athens region rents rise 30% in seven years

Asking prices for rental lodging successful Attica accrued 4.8% successful the archetypal 4th of this year compared to past year, while the summation was adjacent greater successful Thessaloniki, 12.5%, and successful the remainder of Greece, where it reached 11.4%.

This is simply a wide illustration of the persistence of the lodging crisis, where the shortage of available lodging for rent continues to propulsion prices to caller heights, adjacent though citizens’ existent incomes stay compressed.

According to the Spitogatos – SPI terms index, precocious prices were maintained successful Q1, though the complaint of summation appears to beryllium slowing down – successful 2025 it did not transcend 4.5% – compared to an summation of 8.1%, which had been recorded successful 2024. 

Even so, prices, particularly successful the halfway of Athens, where a ample portion of the request is focused, are present very high, competing with the bluish suburbs. Both successful the halfway and successful the northbound the mean asking terms is present €11.54 per square meter, with the mean summation successful the past 12 months (first 4th 2025-2026) being 5.8% and 3.9% respectively. This improvement is due to the fact that the stock of rental lodging successful the halfway is of smaller surface country compared to the bluish suburbs.

Large increases are besides observed successful the remainder of Attica with 6.3% connected an yearly ground and an mean terms of €9.38/sq.m.; arsenic well arsenic successful the Municipality of Thessaloniki, where the summation successful the archetypal 4th of this year reached 8.3% to €10/sq.m., from €9.23/sq.m. a year ago.

Overall, from the archetypal 4th of 2019, compared to Q1 successful 2026, the summation successful the mean asking terms successful Attica was 30%. However, excluding the halfway of Athens, where the summation is smaller (16.5%) since a ample portion of the emergence took spot successful the play 2017-2018, the increases successful astir areas of Attica are overmuch higher.

A caller investigation by IOBE noted that betwixt 2019 and 2025, the mean wage successful the backstage assemblage increased, but fell marginally successful existent terms. According to the Labor Ministry, implicit that six-year period, the mean nominal wage accrued by 17.4%.

Although the minimum wage expanded 13.4% successful existent terms, the mean wage for each employees remained stagnant successful purchasing powerfulness terms. This is due to the fact that the remaining wage brackets did not travel the minimum wage increases, so that today, 63% of backstage assemblage employees are paid the minimum wage.