House prices set to keep rising in 2020

House sale prices are projected to continue rising in 2020, as market professionals consider the existing momentum to be sustainable.

The average growth rate this year is already approaching 10 percent compared to 2018, although in the center of Athens, where demand is greatest, asking prices have risen by 30 percent.

Over the course of 2019 to date, the average price growth rate in the capital has come to 9 percent, according to Giannis Xylas, head of Geoaxis Property & Valuation Services. He expects this trend to continue next year too.

"Prices are showing a clear rising trend, which we expect to be sustained next year at the same pace - i.e. around 10 percent on average," states Xylas. He adds that "we believe the ongoing recovery of the apartments market will be sustained over the next 12 months, based on the understanding that the country returns to...