UBS’s 2025 Bubble Index shows risks easing overall, but affordability in Europe remains stretched, with Madrid’s prices surging and London, Paris, and Milan still costly

Central Kifisia has shown the strongest momentum, recording a 50% increase between 2019 and 2025.

Mortgage lending in Greece is recovering after years of decline, with banks launching low-interest products to attract borrowers in their 40s and 50s

With Euribor near 2%, banks are offering more attractive loans. In July, average mortgage rates fell to 3.52%—110 bps lower than last year—and competition may push them down further.

'We can all agree, I believe, that the average monthly rent in the country is not 255 euros', Minister Kyriakos Pierrakakis told a real estate conference

“These policies that are developed are aspirin, hansaplast for an illness which is more serious than that.”

In this episode we explore the history of housing in Athens, and look into how forces like Greece’s protracted economic crisis and short-term rental platforms like Airbnb have impacted the city's social geography.

Prime Minister Kyriakos Mitsotakis will make a a series of visits to ministries this week that underscore some of the administration’s top priorities this spring: fire protection, energy strategy, and young Greek families.

Greek housing prices have climbed sharply, recovering to 2011 levels and edging closer to their 2007 peak.

Data presented by the platform also shows higher prices in first 3 quarters of 2024

Despite a housing shortage in urban areas, Greek banks and servicers in the country hold residential property with a book value of more than eight billion euros

Andros, the most northern Cycladic island in the Aegean, offers the most affordable options, with prices ranging between 2,000 and 4,000 euros per square meter.

This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations

According to Greece's central bank, net revenues from property sales in the country purchased by foreign nationals in 2023 exceeded 2.1 billion euros.

Prices in the southern Attica region of Piraeus soared 27.3%, according to the leading real estate website Spitogatos

A Spitogatos Nationwide survey mentions safety, access to public transportation and parking availability among factors

In response to a tabled question in Parliament on a housing shortage in some areas, primarily greater Athens, the PM also cited prospect of banning 'Golden Visa' properties from AirBnB-type exploitation

A surge in inflation after the pandemic, the highly successful “Golden Visa” scheme and the ubiquitous “AirBnB” effect behind shortage of 212,000 units, according to one estimate

The head of Greece’s national organization of immovable private property owners warned millions of owners are at risk of facing depreciation of their assets in the coming years due to the inability to finance the mandatory energy upgrades of their buildings.

It is a specter hanging over millennials in most western countries, and Greece is no exception, as thirty-somethings and even forty-somethings are being forced back into the parental home by skyrocketing urban rents and rampant post-pandemic inflation. The other side of the Atlantic is also affected, as the latest census results in the United States […]