A new wave of price increases in asking prices for residential properties hit the third quarter of 2025, with working-class neighborhoods in Attica taking the hardest blow. Prices have been climbing even in areas primarily home to families with multiple children and increased housing needs, making the right to housing a difficult goal to achieve.
Property price surge: Even working-class Athens neighborhoods now unaffordable
The largest annual increases in asking sale prices are found in central Athens, according to data from the Spitogatos.gr SPI index, where the rise reaches 27.4%. Following are Drapetsona and Perama, with increases of 26.3% and 26.1% respectively, as well as Peristeri, where the average asking price rose by 22%. It’s worth noting that these neighborhoods previously offered affordable housing solutions, but now pose challenges even for households seeking small or older apartments.
This observed price surge is attributed, among other factors, to demand generated by the second round of the “My Home” program, as a large portion of eligible properties is located in these areas. The increased activity of buyers and investors drives prices upward, leaving out of the market those trying to meet basic housing needs.
Areas such as Nea Smyrni, Agia Paraskevi, Metamorfosi, Kolonaki-Lycabettus, Kastella and Pasalimani present a somewhat better picture, where prices show stabilization trends.
The situation remains equally pressing in the rental market. The largest increases in the third quarter were recorded in Gazi-Metaxourgeio-Votaniko (18.8%), Petroupoli (17.6%), Perama (15.5%), Filothei (15.3%) and Aigaleo (15.2%). In Thessaloniki, average asking sale prices increased by 11% year-on-year, while rental prices rose by 7.7%.
Sale prices strengthened by 10% in the third quarter nationwide, while rents increased by 7.2%. Indicatively in Attica, the average rise in sale prices was 8.8% and rents 4.8%.
