Recent analysis by the Bank of Greece indicates that while the residential real estate market experienced a slowdown in price growth in early to mid-2025 (annual growth of 7.3% in Q2 2025 compared to 9% in 2024), investment in commercial real estate remains strong, particularly in sectors such as tourism, modern offices, and logistics. The Bank’s analysis aims to provide investors with a comprehensive market view and support financial stability.
Residential Real Estate Market Analysis
Recent analysis by the Bank of Greece and Immigrant Invest indicates a slowdown in price growth: Apartment price growth is slowing, with an annual increase of 7.3% in Q2 2025, compared to 9% in 2024 and 13.9% in 2023.
According to the analysis: This slowdown in price growth is evident in most regions, including major cities such as Athens and Thessaloniki. According to a report by CEE Legal Matters and the Bank of Greece, investment in commercial real estate is strong, particularly in the first half of 2024.
In the broader economic context: Greece’s GDP is expected to continue growing, which will positively impact property values.
Regarding housing loans: Bank lending to households continues to decline due to net repayments.
Interest rates: Although interest rates on bank housing loans have decreased since mid-2023, they remain higher than in the past decade.
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