The growth of home prices has slowed significantly since the start of the year, both nationwide and in the two major urban centers of Greater Athens and Thessaloniki, based on the data the Bank of Greece released on Tuesday.
In the first quarter the average price increase nationwide amounted to 5.7%, against an increase of 8.3% in October-December 2025; for the whole of 2025 the increase was 8.1% (and 9.1% in 2024).
This appears to confirm market sources, who note as the impact of last year’s “My Home II” program on the market has begun to wane, price increases will follow suit.
In Greater Athens, in the first quarter of 2026, prices rose 5.2%, against a 6.5% increase in the fourth quarter of 2025 and a total increase of 6.5% in 2025. In Thessaloniki, growth in January-March was also limited to 6.4%, against an overall rise of 9.7% in 2025, while in the other major cities, home prices have grown 5.4%, against an overall increase of 10.2% in 2025. In the rest of the country (mainly tourist areas), the picture is slightly different, as in Q1 prices climbed 6.9%, after growing 9.1% in 2025.
The above figures do not change the fact that home prices have recorded a cumulative increase exceeding 87.5% nationwide from 2017 to 2025.
