Greek Housing Market Shows Stability

Most real estate experts in Greece foresee a stable housing market through 2025, with 49% expecting sales prices to level off and 46% predicting further growth—though 42% believe any increase will stay below 5%, according to Cerved Real Estate Services’ annual survey, CE Report quotes Athens-Macedonian

Rental trends mirror this outlook: 47% anticipate rent hikes, mostly under 5%, while others expect stable or slightly declining prices.

Demand continues to outpace supply, with 57% of respondents highlighting excess demand. Nearly half (47.4%) believe transaction volumes will remain stable, 41% see potential for growth, and just 11.6% expect a decline.

Apartments top buyer interest (64%), followed by detached homes (19.4%), land (9.3%), and holiday homes (7.6%). Owner-occupation remains the primary motive for purchases (61.5%), while 38.5% target investment.

Foreign buyers also play a key role, especially in hotspots like Athens, Thessaloniki, and tourist areas, where their market share often exceeds 30%—and in places like the Cyclades or Ionian Islands, even 70%.

The survey, which included 508 professionals—300 certified appraisers and 208 real estate consultants—paints a picture of a resilient market, with stable pricing trends and strong demand fueling cautious optimism.