?n the third quarter of 2022, the annual rate of change in apartment prices for the entire country stood at 11.2%.
Broken down by age of property, the annual rate of change in prices of new apartments was 12.2% and of old apartments 10.5%.
Broken down by region, the annual rate of change in prices of apartments was 13.0% in
According to data collected from credit institutions, apartment prices (in nominal terms) are estimated to have increased on average by 11.2% year-on-year in the third quarter of 2022. According to revised data, the year-on-year increase in the first and second quarter of 2022 was 9.8% and 10.1% respectively, while in 2021 apartment prices increased by an average annual rate of 7.6%.
More specifically, in the third quarter of 2022 the year-on-year rate of increase in prices was 12.2% for new apartments (up to 5 years old) and 10.5% for old apartments (over 5 years old). According to revised data, in the first and second quarter of 2022, an increase of 10.9% and 11.0%, year-on-year, respectively was recorded in prices for new apartments, whereas for old apartments the prices increased by 9.0% and 9.5%. In 2021, the average annual rates of increase were 8.1% and 7.2% for the prices of new and old apartments, respectively.
Broken down by region, in the third quarter of 2022 apartment prices increased year-on-year by 13.0% in
INDICES OF APARTMENT PRICES (1)
2020
2021 *
2021 *
2022 *
Q3
Q4*
Q1*
Q2*
Q3*
?. OVERALL
Price index (2007=100)
67.3
72.4
73.7
74.3
76.6
79.0
81.9
(%) change over previous year
4.5
7.6
8.8
9.9
9.8
10.1
11.2
II. BY AGE
1. New (up to 5 years old)
Price index (2007=100)
70.0
75.7
76.6
78.4
80.8
83.0
86.0
(%) change over previous year
4.9
8.1
9.0
11.3
10.9
11.0
12.2
2. Old (over 5 years old)
Price index (2007=100)
65.6
70.4
71.9
71.8
74.0
76.5
79.4
(%) change over previous year
4.2
7.2
8.7
9.1
9.0
9.5
10.5
???. BY GEOGRAPHICAL AREA
1.Athens
Price index (2007=100)
68.9
75.6
76.9
78.1
80.7
83.6
86.9
(%) change over previous year
7.8
9.7
10.8
11.5
11.3
11.8
13.0
2.
Price index (2007=100)
61.8
66.4
67.9
67.7
70.5
72.9
75.4
(%) change over previous year
5.0
7.4
9.5
9.2
9.6
10.8
11.1
3. Other cities
Price index (2007=100)
64.6
68.3
69.7
70.1
71.9
74.1
76.3
(%) change over previous year
0.2
5.8
6.9
9.2
9.3
9.5
9.4
4. Other areas of
Price index (2007=100)
69.0
72.4
73.5
73.5
75.4
76.9
80.0
(%) change over previous year
1.9
4.8
6.2
7.5
6.9
6.9
8.9
5. Urban areas (total)
Price index (1997=100)
171.3
185.0
188.7
190.3
196.0
202.0
210.1
(%) change over previous year
4.8
8.0
9.4
10.7
10.4
10.3
11.3
(1) Any differences between levels and percentage changes in the table are due to rounding.
Provisional data.
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