From houses built for rental that are now passing under more professional management to greener construction and from redevelopment projects that make use of old stock to the emerging trend-opportunity on the horizon to 2030 for a new product that will appeal to the so-called “silver economy.”

These are four of the key, investment trends in the housing market in Athens in the coming period especially in new construction, where a key challenge in the more immediate horizon, at least through 2026 has to do with the imbalance of supply and demand in a market which, at this juncture is now showing clear signs of maturing. This maturation is leading to a smoothing of the market’s rise rates that have been evident since last year, as “demanded prices are beginning to test the upper limits of demand resilience”, as Savills Hellas real estate consultancy Savills Hellas points out in its annual analysis of the housing market in Athens.

The company even quotes the figures of the rise from 2021 (taking into account a typical newly built 90 square meters with two bedrooms and parking) according to which, Piraeus, after an “explosive”, as it characterizes it, rise of 37% in the period 2021-2023, is now moving to an increase of about 20% for the period 2023- 2025.

In the southern suburbs, the growth rate has slowed from 26% in 2021- 2023 to around 10% in 2023-2025, as the market enters a more “wait and watch” phase. Especially in the south, where the very high price levels of new homes have limited demand, especially among demographics of high income criteria, the …lights of the market are now on the completion of the first residential phases within the large redevelopment project in Elliniko.

The most pronounced slowdown is in the northern suburbs, where prices, according to Savills, may have approached the ceiling after the significant rise of recent years. “Demand, which has traditionally come from the domestic audience, namely the higher income brackets or the middle to high income brackets, is showing signs of fatigue as it is directly affected by price levels and reduced attractiveness,”
the report comments.

On the contrary, tthe western suburbs and the rest of Attica are maintaining their momentum, mainly because prices have remained lower in previous years, which makes the areas there the main choice for buyers looking for newly built properties at more realistic price levels, ultimately leading to a greater spatial dispersion of activity in the market.

Finally, the centre of Athens remains a timeless attraction “ensuring the resilience of the market within 2026”, it said.