Rental rates slowing down in Attica and Thessaloniki

Smaller increases are being recorded successful rental rates successful Attica and Thessaloniki compared to 2024. On the different hand, an acceleration of the complaint of summation has been observed successful the remainder of the country, which was expected, arsenic prices extracurricular the two large municipality centers person ever followed developments with some clip lag.

These are the astir important conclusions drawn from this year’s yearly survey of residential rents by the RE/MAX Hellas existent property bureau network, based connected which the mean summation nationwide amounted to 4.3%, down from 5.6% successful 2024.

Indeed, successful Attica the summation successful rents this year does not transcend 4.5%, down from 7.6% past year. Considering that RE/MAX information travel from existent agreements signed betwixt owners and tenants, the representation that is captured is peculiarly important, arsenic it demonstrates that it will beryllium hard to grounds further increases successful the existent situation, taking into relationship the purchasing powerfulness of households.

The largest summation this year was recorded by rental prices successful the different regions, with 5.3%, compared to 4.4% past year, arsenic the marketplace there follows the wide terms trend with a fewer months’ delay. The slowdown successful rents successful Thessaloniki is besides considered a important development, arsenic prices accrued by 3.3%, compared to an summation of 4.3% past year.

Overall successful Attica, the mean rental complaint is present 8.9 euros per square meter. This means that renting an 80 sq.m. home, to screen the lodging needs of a typical family, requires astatine slightest €700, while the mean nett wage successful the backstage assemblage is astir €1,150-1,200 (around €1,415 gross). According to RE/MAX’s analysis, request remains high, particularly for higher-quality lodging options, but supply is still low, particularly successful high-demand areas.

In the Municipality of Athens the mean rent is €9.3/sq.m., up 5.6% year-on-year. The highest mean terms is recovered successful Kolonaki, astatine €14/sq.m., while the astir affordable areas are Kypseli, astatine €7/sq.m., Patissia and Vyronas, astatine €7.2/sq.m., and Kaisariani, astatine €8.2/sq.m. The astir costly rentals are to beryllium recovered successful Koukaki (€9.5/sq.m.), Exarchia (€9.6/sq.m.), Zografou (€9.4/sq.m.) and Neos Kosmos (€9.8/sq.m.).

In the southern suburbs, prices stay high, with an mean of €10.7/sq.m. and an summation of 5.5% successful the past 12 months. The lowest mean prices are recorded successful Argyroupoli (€8.6/sq.m.), Kallithea (€9.3/sq.m.), Nea Smyrni (€9.9/sq.m.) and Palaio Faliro (€10/sq.m.), while the mean rates are €11 and supra successful Elliniko (€11/sq.m.), Alimos (€11.3/sq.m.), Voula, Varkiza and Vari (€12/sq.m.).

In the bluish suburbs, the mean rental terms for houses is €10/sq.m., up 4.1% from past year. Areas such arsenic Agia Paraskevi (€8.8/sq.m.) and Holargos (€9.3/sq.m.) are considered much affordable, while prices are higher successful Neo Psychiko (€11/sq.m.) and Filothei (€12/sq.m.).

In the western suburbs, prices are astatine considerably little levels, arsenic the mean terms is €7/sq.m., accrued by 2.9% compared to 2024. Finally, successful Piraeus and the remainder of the neighboring areas, the mean rental outgo reaches €7.5/sq.m., from €7.2/sq.m. past year.