In Athens, affordable, small properties are in great demand as the cost of living continues to increase, along with the cost of rents.
In fact, the deman for low-rent properties in Attica is as much as 42 times greater than for expensive ones.
The rental figures
Data from a well known online property website in Greece, called Spitogatos, reveals a continuing mismatch between supply and demand in Greece’s property market, that is pushing up rents.
Nationwide, each available rental property receives an average of 2.41 direct inquiries, known as leads, and appears in 23.38 unique searches. In the residential property market, the corresponding figures are lower: 0.79 inquiries and 11.68 searches per available property.
In Attica’s northern suburbs, properties renting for less than 600 euros a month receive 21.1 inquiries and appear in 281.7 searches per available property. For properties renting for more than 1,500 euros, demand pressure is up to 42 times lower.
In central Athens, properties renting for up to 600 euros receive 3.9 inquiries and appear in 20.8 searches per available property, compared with 0.6 inquiries and 4.3 searches for properties renting for more than 1,500 euros. At the local level, Elefsina, Marousi, Iraklio, Pallini and Chalandri are among the areas experiencing the greatest pressure in the lower-priced rental market.
Similar trends are evident elsewhere in Greece. In Thessaloniki, pressure is greatest outside the city center. In the rest of the regional unit, properties renting for less than 600 euros receive 5.9 inquiries and appear in 123.2 searches per property. Echedoros, Agios Athanasios and Oreokastro stand out.
Across the rest of Greece, pressure on lower-priced rentals is up to seven times greater than on expensive properties. The Dodecanese records 22.4 inquiries and 196.4 searches per available property. Areas with particularly high pressure include island destinations such as Zakynthos, Rhodes and Paros, alongside regional towns such as Thebes, Alexandria and Agrinio.
Home sales
A similar but less pronounced pattern appears in the sales market. Demand is concentrated on properties priced up to 250,000 euros, while properties priced above 550,000 euros attract less demand relative to the available supply.
The large gap between searches and direct inquiries is particularly notable. It may indicate strong interest but difficulty taking the next step, partly because of prices.
For properties priced up to 250,000 euros, Athens’ northern suburbs record 1.7 inquiries but 22.6 searches per available property. In the rest of the Thessaloniki regional unit, searches reach 27.9 per property. Elsewhere in Greece, the Dodecanese stands out for inquiries, at 3.6 per property, and the Sporades for searches, at 91.4 per property.
At the local level, Nea Peramos, Elefsina, Paleo Psychiko, Lykovrysi and Chalandri stand out in Attica. Parga, Ikaria, Kos and Lemnos stand out elsewhere in the country.
Mortgages
Access to financing remains part of the equation. According to IMS-FC, in which Spitogatos has invested, mortgage disbursements reached 1.8 billion euros in the first eight months of 2026, up 34.9% from the same period in 2025. Lending through the “My Home” programs rose 54.6%. Nevertheless, mortgages finance only 23% of property purchases in Greece, compared with 45% in Europe.
According to Spitogatos, international demand has risen 60.3% since 2020 and now accounts for 20.3% of total demand, its highest share in the 2020–2026 period. The United States, Germany and the United Kingdom remain the leading countries of origin. Five of the 10 areas most popular with users abroad lie outside Athens and Thessaloniki: Halkidiki, the Cyclades, Kavala, Messinia and the Dodecanese.
Source: In.gr
