Aiming to put an end to vague estimates and capture the true picture of the real estate market, the government is activating a new digital app. The Price Map is coming in March and is expected to change the game, providing reliable information on commercial property prices across Greece.

It is a platform being developed by the ministries of National Economy and Public Governance. This application will offer citizens the ability to see the actual prices of real estate purchases and leases, based on anonymous and verified data from sources such as the Cadastre, the DSS, and real estate advertisements.

The platform will incorporate Artificial Intelligence to analyze big data, comparing actual transactions, appraisals, and classifieds to provide up-to-date and accurate market information.

The “Price Map” will provide interactive maps and advanced search filters, allowing users to examine real estate prices by region, property type, square footage, age and other criteria. Interested parties will be able to compare actual sale and lease prices with prices listed in classified ads and form a realistic picture of market trends.

For example: A prospective buyer interested in an apartment in the southern suburbs will be able to enter their criteria (floor, year of construction, floor area, etc.) and see the actual sales prices in the area, comparing them to the prices shown in advertisements.

• The platform will have three levels of access:
• 1. Free Access: Citizens will be able to view the estimated value of their properties, as well as the historical price trend in their area.
• 2. Priced Access: Users interested in detailed information in specific areas will be able to get a full price breakdown.
• 3. Professional Access: Brokers, banks and large investors will have access to detailed data and strategic information for their decisions.

The Price Map will be launched in March 2025, initially covering 75% of the Greek territory, with the goal of full coverage by the end of the year. In a second phase, the platform will be extended to the recording of rental prices, offering a comprehensive picture of the market.

The implementation of the “Price Map” is expected to have a significant impact on the real estate sector, enhancing transparency, reducing distortions, and providing a powerful tool for both citizens and market professionals.