House prices to stop rising

Some spot marketplace experts person started fretting implicit the anticipation of an imminent simplification successful lodging merchantability prices, chiefly owed to the enactment of conditions of reduced demand.

Although, to date, the supply and request equilibrium remains successful deficit, which besides explains the continuous increases successful values, it seems the marketplace is rapidly heading toward stabilization.

This has already emerged from the people of transfers, arsenic transfer tax revenues from existent property transfers fell by 4.1% to 303.5 cardinal euros successful January-July this year, compared to the aforesaid play past year. 

In fact, implicit the archetypal three months of 2025, the diminution had reached 17%, but successful the pursuing 4th there was a betterment successful transactions, arsenic a effect of the important publication of the “My Home” program. 

The marketplace reports that without the program’s interaction connected demand, prices would astir apt person already stabilized and some mild simplification would person been recorded successful areas of little demand. Of course, the information that this year’s trend successful tax revenues from transfers is downward is simply a important development, particularly considering the terms increases that person occurred. 

According to Bank of Greece data, the 2nd 4th of this year ended with an yearly summation successful lodging merchantability prices of 7.3% nationwide (from 7% successful the archetypal quarter), while successful Attica the terms summation amounted to 5.9% (from 5.2% successful the archetypal quarter) and successful Thessaloniki to 9.9%. Although the values are higher (and the asking prices adjacent higher), the income from transfers is falling, which means that the fig of acquisition and merchantability transactions is little compared to past year.

This fatigue concerns some home buyers and those from abroad. The 4th Real Estate Market Barometer, presented successful June by the University of Macedonia, concluded that the fig of existent buyers has decreased, while they besides present person little wealth available to acquisition a home. Among those who state that they are funny successful purchasing a spot (23% of the total study sample), lone 22% program to marque such a determination instantly oregon within the adjacent 12 months.