Last year ended with an increase in residential sale and rental prices, as in the last quarter average asking sale prices increased by 7.9% year-on-year and by 2.2% compared to the third quarter of 2024.
Correspondingly, the average asking rental rates increased by 5.8% compared to the fourth quarter of 2023, while they moved at approximately the same levels compared to the third quarter of 2024, according to the Spitogatos SPI price index.
The hikes in average asking sale prices of residential properties are attributed to the continued interest of buyers and investors for properties in urban centers and tourism destinations, as well as to the imminent launch of the “My Home 2” housing program, which is expected to boost demand for homes that meet its requirements.
The southern suburbs of Attica unquestionably maintained their primacy as the most expensive area to buy a home in the last quarter of 2024. In second place are the Cyclades, followed by the northern suburbs of Athens and the Ionian island of Lefkada. The entry of Hania into the ranking of the top five most expensive areas in Greece to buy a home is also interesting.
In terms of renting homes, the southern suburbs stand out again as the region of the country with the highest average asking prices for renting a home. In the list of the most expensive areas we see the Cyclades again, with the northern suburbs and the center of Athens following. The top five is completed by Piraeus.
Of particular interest is the case of Halkidiki, where average asking rental prices remain consistently high due to increased tourism activity and the high availability of short-term rental options.
The most expensive areas of Attica for purchasing a home in the fourth quarter of 2024 were mainly located in the southern suburbs, led by Vouliagmeni with an average asking price for a home sale of 7,216 euros per square meter. It is followed by Voula, Glyfada, Kolonaki-Lykavittos and Elliniko.
As for renting a home, Vouliagmeni was once again at the top of the most expensive areas for the fourth quarter of 2024 with an average asking price for a home of €19.9/sq.m. The areas of Filothei, Kolonaki-Lykavittos, Glyfada and Vari-Varkiza follow.
