Real estate prices will increase smoothly in 2023 - Bank of Greece.

In 2023, the average annual rate of price growth for new apartments was 12.4%, compared to an increase of 12.5% in 2022, and the average annual rate of price growth for old apartments was 14.2% in 2023, compared to an increase of 11.6% in 2022.Analysis of the data by geographical area shows that the increase in apartment prices in the second quarter of 2023 compared to the same quarter of 2022 was 10.8% in Athens, 14.6% in Thessaloniki, 13.9% in other major cities and 11.2% in other regions of the country. For the whole of 2023, in these regions the price increased by 13.7%, 16.2%, 14.5% and 10.8%, respectively, compared to 2022.Finally, in all urban areas of the country, apartment prices increased by an average of 12.1% in the second quarter of 2023 compared to the second quarter of 2022, and for the whole of 2023, the average annual increase was 13.9%.