Rise of house prices continues

The growth in the sale and rental rates of houses and apartments in Attica continued during this year's first quarter, even though, as market executives note, a significant demand "fatigue" has begun to set in, especially with regard to buying and selling residential property.

Based on the latest data available from the online classifieds network Spitogatos.gr, in January-March the average sale price of residences in Attica was 2,350 euros per square meter, compared to €2,070/sq.m. during the same period last year, an increase of 13.5%.

Accordingly, as far as rents are concerned, the average asking rental price has now reached €9.6/sq.m., being 11.6% higher than a year ago, with no signs of even stabilizing.

Among the individual regions, the largest increase in asking sales prices is still found in Piraeus: On an annual basis, the increase now reaches 27.3% to ...

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