Vouliagmeni Remains Athens’ Priciest Rental Neighborhood Amid Rising Costs

Athens, Greece – April 29, 2025
By Greek City Times Staff

The relentless surge successful rental prices crossed Greece shows nary signs of abating successful 2025, with Vouliagmeni retaining its presumption arsenic the astir costly vicinity for rentals successful the Athens metropolitan area. A operation of short-term rental platforms similar Airbnb, economical pressures, and urbanization is driving a nationwide lodging shortage, making semipermanent leases progressively scarce and costly.

Rising Rents and Short-Term Rental Boom

The proliferation of short-term rentals has importantly reduced the availability of properties for semipermanent tenants, pushing rental prices higher, adjacent for older apartments. According to the Spitogatos Property Index (SPI), the archetypal 4th of 2025 saw rental terms increases successful astir each portion of Greece. The Cyclades pb arsenic the country’s priciest rental market, with an mean asking terms of €14.2 per quadrate meter, followed by Athens’ confederate and bluish suburbs, the metropolis center, and Piraeus. Halkidiki besides ranks among the astir costly areas.

In Athens, Vouliagmeni stands retired with an mean rental terms of €20.0 per quadrate meter, cementing its presumption arsenic the costliest neighborhood. More affordable options wrong Attica see Perama, Piraeus suburbs, and Acharnes, portion the lowest rental prices nationwide are recovered successful Kilkis, agrarian Thessaloniki, Pella, Kastoria, and Imathia.

Housing Affordability Crisis

Alpha Bank’s caller economical survey highlights a increasing affordability crisis, with spot prices rising faster than household incomes. This disparity is eroding prospects for affordable homeownership, a long-standing precedence for Greeks. Despite challenges, 74% of Greeks presumption spot ownership arsenic a dependable investment, compared to conscionable 25% who worth renting for its flexibility.

The survey reveals stark realities for renters: 52% walk implicit 30% of their income connected rent, 68% see rents unaffordable comparative to wages, and 60% expect further increases successful some rents and spot prices implicit the adjacent 5 years.

Factors Shaping the Market

Several factors volition proceed to power Greece’s rental market, including authorities policies, involvement rates, economical growth, urbanization, and planetary developments. The ongoing popularity of short-term rentals, coupled with constricted lodging supply, is expected to prolong upward unit connected prices, peculiarly successful high-demand areas similar Athens and the Cyclades.

As rental costs climb, Vouliagmeni’s premium pricing underscores the challenges facing renters successful Greece’s capital. Demand for premier locations acold outstrips supply, reshaping the lodging scenery for residents and newcomers alike.

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