Real estate prices are constantly rising - explosive growth, price chart in Greece.

According to the largest real estate network in Greece, RE/MAX Hellas, there has been an explosive growth in property prices in 2023, with an average increase of 12% across all categories of real estate, regardless of the year of construction. This is due to increased demand and improved purchasing power of Greek consumers following the end of the memorandum programs and the crisis caused by the coronavirus pandemic. Greeks continue to view real estate as the most reliable form of investment.

The company notes that the real estate market in Greece remains one of the key pillars of the economy, and after a period of economic instability and decline, the real estate sector is in a phase of recovery. The return to economic stability, the increase in tourism, and the attraction of foreign investors to the country significantly stimulate the market and enhance interest in real estate.

In 2023, there is an overall increase in sales of 26.14% and transactions of 14.24%.

It should be noted that most real estate buyers in Greece come from within the country, while foreigners are showing interest not only in properties in tourist areas or in Athens and Thessaloniki, but are also expanding their activity to other regions that previously did not experience strong demand.

According to data on real estate sales in Athens, there is a steady increase in prices for both new and older housing. In the city center, prices have risen significantly, especially in the neighborhoods of Ampelokipi and Zografos.

In Thessaloniki and other parts of Greece, there are also significant increases in real estate prices, both for new and older properties. For example, the average price per square meter of real estate in Thessaloniki and its surrounding areas has risen by 9.6%, with older properties experiencing even greater demand. All of this indicates a stable growth in the real estate market in Greece and its competitiveness in the global market.