Attica Housing Prices Rise 94% in Six Years

• 16 January, 26

Residential property prices in Attica have surged by up to 94% over the past six years, highlighting a strong and sustained recovery in the local real estate market.

According to the latest Spitogatos.gr Price Index (SPI), asking prices for residential properties across the Attica region have seen dramatic growth, reflecting rising demand, renewed investor confidence, and ongoing economic recovery.

Piraeus Suburbs See Prices Nearly Double, Emerging as New Hotspots

The sharpest increases have been recorded in previously low-priced areas, particularly in the suburbs surrounding Piraeus.

Data show that by the third quarter of 2025, the average asking price in these districts had reached €2,130 per square meter, compared to just €1,100 per square meter during the same period in 2019.

This represents nearly a doubling of property prices within six years, transforming once “affordable” neighborhoods into high-demand residential and investment zones.

National Housing Prices Exceed 2008 Levels

The upward trend is not limited to Attica. According to the Bank of Greece Housing Price Index, national residential property prices were 7.14% higher than their 2008 peak as of the third quarter of last year.

Measured from the market’s lowest point in 2017, nationwide housing prices have increased by 86%, signaling that Greece’s real estate sector has firmly entered a long-term growth cycle after years of adjustment.

Multiple Factors Continue to Support Market Growth

Experts note that the rapid rise in housing prices across the Attica region is closely linked to growing investment demand, the expansion of the short-term rental market, limited housing supply, and the broader economic recovery. In particular, improvements in transportation infrastructure and ongoing urban renewal projects have transformed areas once considered “affordable options” into increasingly popular destinations for both property investors and owner-occupiers.

Cre: Ekathimerini