The price increase for long-term rentals in Greece continues in 2025.
Why is the rental price going up? The rise in popularity of short-term rental housing has significantly reduced the number of properties available for long-term rental, which has led to an increase in rental prices even for old apartments.
In the 1st quarter of 2025, rental prices increased in almost all regions of Greece, according to the Spitogatos Real Estate Index (SPI).The highest average rental price is in the Cycladic Islands (14.2 euros per square meter). This is followed by the southern and northern suburbs of Athens, the city center and Piraeus.Halkidiki is also among the most expensive areas.
In Athens, the average rental price in Vouliagmeni is 20 euros per square meter, making it the most expensive area in the metropolitan area.More affordable options in Attica include Perama, the suburbs of Piraeus and Acharnes, while the lowest rental prices nationwide are in Kilkis, rural areas of Thessaloniki, Pella, Kastoria and Imafia.
In the future, the rental market in Greece will continue to be influenced by several factors, including government policy, interest rates on loans, economic growth, urbanization and global events.The continued popularity of short-term rentals, combined with limited housing supply, is expected to drive up prices, especially in high-demand areas such as Athens and the Cycladic Islands.
Source: Greek City Times
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