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Spike in property prices may not last
GR🏛️ PoliticsCenter4 hr. ago

Spike in property prices may not last

Greek property prices have risen sharply over the past seven years, with a significant acceleration since 2022, according to an analysis by Moody’s. However, the rapid increase may be coming to an end due to factors such as demographic decline, reduced foreign investment through the Golden Visa program, and rising construction costs. While prices have surged, reaching 80% above 2015 levels by 2025, rent growth has lagged, making housing unaffordable for many locals, particularly younger residents. Property returns have also declined, with some areas in Athens offering little more than inflationary gains. The most affluent suburbs show the lowest returns, while more modest areas like western suburbs and central neighborhoods have relatively better yields.

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ekathimerini.com logoekathimerini.comIndependentCenter4 hr. ago
Spike in property prices may not last

Greek property prices have risen sharply over the past seven years, with a significant acceleration since 2022, according to an analysis by Moody’s. However, the rapid increase may be coming to an end due to factors such as demographic decline, reduced foreign investment through the Golden Visa program, and rising construction costs. While prices have surged, reaching 80% above 2015 levels by 2025, rent growth has lagged, making housing unaffordable for many locals, particularly younger residents. Property returns have also declined, with some areas in Athens offering little more than inflationary gains. The most affluent suburbs show the lowest returns, while more modest areas like western suburbs and central neighborhoods have relatively better yields.

Bias read (Center): The article presents an objective analysis of property market trends based on data from Moody’s, without overtly favoring any political ideology. It discusses economic indicators, demographic shifts, and investment patterns without taking a clear stance on policy solutions or political parties. The

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