Despite the global recession caused by the pandemic, house prices & rents continues its positive trajectory in the main markets of EU. According to Eurostat's findings, over the period 2010 until Q3 2021, rents increased by 16% and house prices by 39% across EU. In particular, house prices increased by 8.8% y-o-y in EU & 9.2% y-o-y in European Union during Q3 2021.
Greece experienced a deep recession since the end of 2009. However, over the last years, the Greek residential property market has clearly re-entered an upwards phase, despite the COVID-19 slowdown. A breakdown of the average asking price by key regions reveals the following market sentiment during Q4 2021.