Athens and Thessaloniki see sharp rent hikes, with several districts topping 20% increase
Average asking rents in Athens rose sharply, reaching up to 21.8% in some districts, while Thessaloniki also recorded double-digit growth.
According to Spitogatos, average rental asking prices across the Attica region rose by about 5% year-on-year in the third quarter, with several districts experiencing double-digit jumps. Kaisariani recorded the strongest surge, exceeding 21%, and posted an average price of 14.7 euros per square meter. Neo Psychiko followed with a 21.8% rise, while central Athens saw rents climb 19.1% to 15.9 euros per square meter.
In the top five rising areas, Neo Phaliro and Artemida (Loutsa) also posted increases above 16%. The most costly zones, such as Vouliagmeni, now average 22.4 euros per square meter. In Thessaloniki, the MZT district of Epanoemi led with a yearly increase exceeding 20%, with Menemeni and Vardaris-Lachanokipi also rising sharply.
The highest average price in the city is in Vardaris-Lachanokipi at 12.5 euros per square meter, followed by the city centre at 12 euros. More affordable suburbs like Choriateio and Peirama have rents below 6 euros per square meter.
Why it matters
Rising rents pressure household budgets and signal broader housing affordability challenges in Greece's major cities.
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