Home price sales slow down

According to the Bank of Greece indexes, at a national level, there was an annual increase in housing sales prices of 5.5%.

That compared to an increase of 6.6% in the previous quarter and an increase of 8.3% in the whole of 2025.

In Athens, the increase did not exceed 5%, from 5.9% in the first quarter and the 6.6% increase in the whole of 2025.

In Thessaloniki, prices increased at an annual rate of 4.7%, compared to an increase of 6.9% in the first quarter of this year and a 9.7% increase in all of 2025.

In the other large urban centers, the increase in the second quarter of this year was 5.4%.

That increase compared to 6.6% in the first quarter and a rise of 10.3% in the whole of 2025.

In the rest of the country (mainly tourism spots), the increase amounted to 7.1%, also slowing down compared to an increase of 7.9% in the first quarter and 9.6% in 2025.

Notably, the prices of newly built homes (up to five years old) have regained the lead in terms of the rate of increase.

That compared to older homes, recording a rise of 6.2%, compared to an increase of 5%.

Meanwhile, in 2025, the picture was the opposite, with older homes taking the lead in terms of sale price increases. But that was due to a very specific reason.

That year, older homes increased at an annual rate of 8.6%, compared to 7.8% for newly built homes, which was due to the greater shift in demand because of the “My Home II” loan program.

That very popular program ran during 2025, and was only recently completed, at the end of last month.

A similar trend in sales price growth is expected in 2027.

That is when the third version of the “My Home” loan program for house purchases begins, and with it the expected the demand for older homes that will soon follow.

The program includes residences with a building completion year, meaning the premises is set for people to move into and has all the required permits, as no later than December 31, 2007.

Read More/ Source eKathimerini