By The Realty | Market News | 19 August 2026
Greece’s residential market remained on an upward trajectory in the second quarter of 2026, although the pace of asking-price growth moderated compared with the same quarter a year earlier. According to Spitogatos’ analysis of advertised residential properties, nationwide asking sale prices increased by 6.1% year-on-year, while asking rents rose by 1.3%. The different rates suggest that purchase demand remained more resilient than rental-price momentum at the national level.[1]
The most relevant signal for northern Greece is Thessaloniki’s continued outperformance. Spitogatos reports that residential asking sale prices in Thessaloniki increased by 7.7% year-on-year in Q2, and asking rents rose by 6.6%. For comparison, Attica recorded changes of 5.3% for sale prices and 4.5% for rents. These are advertised-price indicators—not completed transaction prices—but they provide a timely view of sellers’ and landlords’ market expectations.[1]
Within the Thessaloniki area, price levels and growth were far from uniform. Kalamaria recorded the highest reported average asking sale price, at €3,175 per m², followed by Thessaloniki City Center at €3,056 per m². On the rental side, Vardaris–Lahanokipi and Thessaloniki City Center were both reported at €12.0 per m². At the more affordable end of the market, Migdonia recorded an average asking sale price of €938 per m², while Chortiatis had the lowest reported asking rent at €4.9 per m².[1]
Growth beyond the centre is also noteworthy. Spitogatos identifies strong annual rental asking-price increases in Migdonia (+25.0%), Epanomi (+23.3%) and Thermaikos (+16.7%). This may indicate that demand is extending to suburban and peripheral locations, where access, lifestyle preferences, tourism activity and relative affordability can all influence housing choices. The figures should be interpreted area by area, because changes in the mix of available listings—such as energy-efficient homes, studios or maisonettes—can materially affect average asking prices.[1]
The broader institutional data point in the same direction. The Bank of Greece reported that apartment prices rose 5.7% year-on-year nationwide in the first quarter of 2026, with a 6.4% increase in Thessaloniki and a 5.2% increase in Athens. Its figures are based on residential-property price indices, rather than online asking prices, so they should not be compared as identical measures. Together, however, the two sources show continued price growth and a relatively strong position for the Thessaloniki market.[2]
For owners, buyers and investors, the practical takeaway is that a headline national average is no substitute for local analysis. Neighbourhood-level supply, property condition, energy performance, permitted use, rental strategy and liquidity can substantially change a property’s prospects. A well-supported valuation should therefore combine current asking-price evidence with comparable transactions and a clear assessment of the asset’s specific characteristics.
| Q2 2026 advertised-price indicator | Thessaloniki | Attica | Greece |
|---|---|---|---|
| Residential sale asking-price change, year-on-year | +7.7% | +5.3% | +6.1% |
| Residential rental asking-price change, year-on-year | +6.6% | +4.5% | +1.3% |
Source: Spitogatos analysis of Q2 2026 residential listings. The table uses asking-price data and does not represent completed-sale prices.[1]
References
[2] Bank of Greece, “Indices of residential property prices: Q1 2026,” 9 June 2026.
Original source URL: https://en.spitogatos.gr/blog/residential-sales-rentals-greece-key-findings-2nd-quarter-2026
