Housing prices advanced 7.8% last year

Last year was different strong 1 for the lodging market, arsenic the mean yearly summation was 7.8% compared to 9.1% successful 2024, according to the Bank of Greece’s income terms indices.

An important diagnostic of the erstwhile year is the interaction that the “My Home II” programme seems to person had connected the prices of existing homes. 

Based connected the data, the prices of older homes (over 5 years old) accrued astatine a faster complaint compared to recently built homes, which is not usual under mean circumstances.

Older location prices accrued successful 2025 by 8.1% compared to 7.4% for recently built homes. In 2024, when the “My Home” programme did not exist, the representation was the opposite, arsenic the prices of modern homes had accrued astatine an yearly complaint of 10.2%, compared to 8.4% for older homes. 

But studying the marketplace implicit the people of 2025, it should beryllium noted the uncertainty that characterized caller gathering plans owed to caller operation regulations.

That astir apt prompted some developers to proceed with discounts compared to their archetypal asking prices.

It is besides wide that the summation successful older properties would person been intelligibly milder without the “My Home” program, which concerns properties 20 years aged and implicit (with a completion year nary aboriginal than the extremity of 2007, and a gathering licence year nary aboriginal than the extremity of 2005).

In the 4th fourth of 2025, terms maturation crossed Greece stood astatine 7.6% compared to a 7.4% summation successful the aforesaid 4th of 2024 (compared to 2023). At the aforesaid time, this summation was milder compared to the third quarter, when prices had strengthened astatine an yearly complaint of 8.3%.

Another important decision that emerges from the BoG information is the gradual slowdown successful the complaint of terms maturation successful Greater Athens.

That is simply a motion of marketplace overheating and the inability of much and much households to respond to the summation successful values that has occurred. 

In each of 2025, prices successful Greater Athens accrued by 6.2%, compared to an summation of 8.6% successful 2024. 

In the 4th quarter, the yearly summation did not transcend 5.9%, compared to an summation of 7% successful the instantly preceding quarter.