The Greek real estate market continues to move upwards, with increases in both rents for residential rents for commercial property. But beneath the picture of resilience, the Bank of Greece warns: the supply of quality housing remains low, accessibility is constrained and the imbalance is widening. building activity is not keeping pace with demand, and the market’s next day will depend on whether and how construction of new, affordable housing increases.

With prices of up to 9 million euros for a house with a beautiful view of the sea, sales have begun for the new ambitious mega residential project. This is what is already being built in Paleo Faliro for the creation of the “Athens Riviera Falirikon” in one of the few -as the situation has developed- properties in the area.

The average sale price of properties in the Aegean islands, especially the Cyclades, has exceeded €4,000 per square metre, according to recent data.

The surge in demand and prices is not limited to popular islands; smaller, remote islands are also experiencing significant increases.