How have housing prices changed in Greece in the third quarter of 2023

Magnificent Greece, with its amazing views, history and culture, always attracts tourists. However, now she has something new for everyone who is going to visit this paradise on earth - a revolution in housing prices.

Rocket Price Soaring
1. Annual Growth of 11.9%
The Bank of Greece has officially confirmed that housing prices in Greece in the third quarter of 2023 increased by 11.9% compared to last year. This is of interest to those who are considering living options in this amazing country.

2. New and Old Housing
Do not forget to distinguish between new and old apartments. New housing has risen in price by 11.6%, old - by 12.2%. This may affect the choice of those who dream of their own corner under the Greek sun.

3. Regional Features
Prices rise in different ways in different parts of Greece. In Athens - by 12.0%, in Thessaloniki - by 15.4%. This creates a variety in choosing a place for a vacation or a long-term stay.

How Does This Affect Tourists?
Changes in Plans
This will undoubtedly affect the plans of tourists. High price increases can make renting a home a little more expensive, but it may be worth considering alternative options such as apartments or villas.

More Diverse Options
On the other hand, a growing market may offer more diverse accommodation options, which can make the trip even more exciting.

Investors, Attention!
New Features
Investors can also see the light at the end of the tunnel. The rise in housing prices in Greece creates new investment opportunities. This can be a great time to invest in Greek real estate.

Strategic Choice Of The Region
Keep an eye on the regions where prices are rising the fastest. Athens and Thessaloniki are now attracting attention, but it is important to consider other promising areas.

Conclusion
The third quarter of 2023 was a turning point for the Greek real estate market. For tourists, this causes some changes in plans, but opens up new opportunities. Investors may see this as a golden moment to acquire their slice of Greek paradise.