Increase in Greek Property Prices

Apartment prices in Greece have started increasing, estimated that in the second quarter of 2021 nominal prices increased by an average 4.6 percent.

The figure is compared to the corresponding quarter of 2020, while in the first quarter the increase was 3.5 percent, according to Bank of Greece data.

For 2020, the nominal apartment prices — the type of housing the vast majority of Greeks buy — increased at an average annual rate of 4.4 percent.

Based on the revised Bank of Greece data, in the first quarter of 2021, there was a 3.4 percent increase in new apartment prices in Greece, while the prices of older apartments increased by 3.6 percent compared to the corresponding quarter of 2020.