Apartment prices in Greece continued to climb in the first quarter of 2026, but the market is clearly slowing from last year’s pace. According to preliminary data from the Bank of Greece, the annual rate of increase reached 5.7%, down from 8.1% in 2025 and 9.1% in 2024.
The latest figures show broad-based growth across both new and older homes, with regional markets still outperforming Athens. The housing market remains firm, but is no longer running at the same speed as in recent years.
Prices for new apartments rose 6% year on year in the quarter, while older apartments were up 5.5%. The gap between the two segments remains relatively small, suggesting demand is still strong across the market.
Regional differences
Price growth varied by area, with Thessaloniki posting the strongest rise among the main cities at 6.4%. Athens recorded a more moderate 5.2%, while other large cities saw prices increase 5.4%.
The strongest gains came from the rest of the country, where apartment prices were up 6.9%. In urban areas overall, the average annual increase was 5.6%, underlining how evenly the market is still advancing.
