Assets: the most expensive and cheapest neighborhoods in Greece.

The third quarter of 2022 continues to show an increase in sale and rental prices across Greece. According to Spitogatos' SPI Real Estate Price Index for the third quarter of 2022, the overall market situation in different regions of Greece reflected the price trend. SPI tracks price changes in the domestic real estate market based on millions of real data from listings on the No.1 real estate website in Greece. "The third quarter data confirms the steady growth of the market in 2022, which was supported by a successful tourist season for the country. Practically, we can say that the pandemic period is behind us, the market is up, foreign investors have returned with interest in Greek real estate, and the Athens Riviera, as well as the redevelopment of more''wide territories significantly influence all these changes' - said Dimitris Melachroinos, CEO of Spitogatos.

In particular, in the third quarter of 2022, house prices across Greece rose by 6.5% for sales and 6.7% for rentals.

Real estate sales: which regions of the country showed the biggest growth?

In more detail, in the third quarter of 2022, the highest average sale price was recorded in the southern (€3,167/sqm) and northern (€2,628/sqm) suburbs of Athens and the Cyclades (€2,963/sqm), regions that have already been the focus of buyers' attention since the beginning of the year due to the increase in demand from abroad. In addition, a significant increase in the average selling price of housing compared to last year was recorded in Piraeus (13.4%), due to the modernization of this''area and the provision of fast and safe public transportation - metro, as well as in Halkidiki (12%) and the Sporades (11.5%) after a year with record numbers of visitors from abroad.

Renting real estate: which regions of the country showed the biggest growth?

When it comes to the rental market, the highest average price was recorded in the southern (€10.8/sqm) and northern (€10/sqm) suburbs of Athens, as well as in the city center (€9/sqm). Then, the biggest increase in the average rental price was observed in regions outside the centers of major cities (e.g.

The most affordable areas of the country to buy and''continues to strengthen due to an increase in the average home sale price compared to the previous year. As for 2022, the value of housing in the southern suburbs continues to rise, both compared to last year and to the previous quarters of this year. The development of neighborhoods within the Athens Riviera development projects seems to be stimulating investor interest in the southern suburbs of Attica.

When it comes to the housing market in the rest of Attica, it is worth noting that, as always, the center of Athens attracts attention with all its districts such as Goudi, Metz - Kallimarmaro and Ilissia showing big changes compared to last year (27.6% - 26.4% and 22.1% respectively). In the third quarter of 2022, the average price of homes for sale in these neighborhoods was 2,333''big changes in real estate sale prices are in the area of Thessaloniki city. In particular, the biggest increase in the average sale price of housing in Thessaloniki for the third quarter of 2022 is observed in Touba (1961 euros/sqm) and Voulgari-Nikelevo-Mart (1844 euros/sqm), followed by Naples (960 euros/sqm), Faliro-Ippokratio (1719 euros/sqm) and Termi (1732 euros/sqm) in the suburbs of the city. At the same time, we also see a greater increase in the average rental price in the areas of the suburbs as well as in the rest of the region. From all of the above, we can see that buyer interest may be shifting to areas outside of urban centers, which has been noticed since the beginning of the year and seems to be taking hold. In particular, areas of the city suburbs as well as the rest of the region stand out in the rental market,''such as Lagada (18.45%) and Naples (13.5%).