The Greek real estate market has shown clear signs of recovery and development with Athens, among other areas, being the focal point for investors from all over the world. In comparison with other European capitals, local rates are kept at a reasonable level, making Greece a popular buyer’s market. According to the Bank of Greece, in Q1/2017, Athenian properties cost 44% less than their peak in 2008.
The Hellenic Statistical Authority (ELSTAT) reveals that Athens leads the country’s housing market with an annual residential property price increase of 3.71% in Q3/2018 (2.71% in real terms). In fact, it was the capital’s best performance since Q4/2007. During the last quarter, residential property prices rose 1.65% (2.48% in real terms).