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Greece House Price Index: Residential property prices, apartments, urban areas

Greece, Athens

Source: Bank of Greece

House prices in Greece's urban areas, % change 1 yr

Nominal and inflation-adjusted ('real')

Greece, Athens

Source: Bank of Greece


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20242.90%-0.37%
20234.23%0.85%2.91%0.69%
20221.17%-1.79%4.50%2.34%
20214.14%1.28%3.22%-2.68%
20203.29%0.81%2.63%-1.31%
20194.02%1.18%3.00%-0.88%
20181.34%-0.84%1.74%0.13%
2017-0.44%-1.32%1.15%-0.85%
20162.31%-2.08%0.15%-0.91%
20151.21%-4.15%-0.95%-0.81%
2014-1.03%-2.91%0.32%-0.33%
2013-0.43%-4.37%0.19%-3.61%
2012-3.36%-4.06%-1.81%-5.27%
20110.13%-3.77%-0.67%-5.12%
2010-1.37%-5.51%-3.00%-2.13%
2009-3.29%-1.29%-0.40%-1.17%
2008-0.26%-2.20%0.73%-0.79%
20070.39%-1.11%1.67%-1.85%
20064.03%0.39%2.67%2.52%
20053.13%1.08%3.38%1.28%
2004-0.47%-1.49%2.32%0.22%
20031.26%-2.41%2.12%-0.82%
20024.04%3.04%1.33%0.19%
20015.06%1.22%3.29%0.80%
20002.44%0.68%3.39%0.85%
19992.02%0.34%2.76%0.91%
19984.15%-0.01%1.97%1.47%
1997-0.58%2.92%2.81%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.


Yearly change in house prices, nominal and inflation-adjusted

YearInflation AdjustedNominal Change
20238.92%12.53%
20226.26%15.05%
20215.96%10.67%
20205.47%3.30%
20197.46%7.56%
20182.38%3.51%
2017-1.47%-0.65%
2016-0.58%-1.03%
2015-4.70%-5.28%
2014-3.92%-5.69%
2013-8.05%-10.05%
2012-13.76%-12.78%
2011-9.20%-6.67%
2010-11.53%-7.01%
2009-6.02%-4.19%
2008-2.52%0.30%
2007-0.94%2.67%
20069.92%13.09%
20059.16%13.15%
20040.54%3.72%
20030.08%3.28%
20028.83%12.73%
200110.71%13.75%
20007.54%11.90%
19996.16%8.85%
19987.76%12.34%

The yearly changes table looks at the last quarter's/month's index values for a given year and compares it with the same quarter/month of the previous year to gauge the change in house prices during that given year.


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