PROPERTY

Major increase in residential rental rates in Athens, Thessaloniki

major-increase-in-residential-rental-rates-in-athens-thessaloniki

Athens and Thessaloniki are this year’s champions in residential rental rate hikes, as many areas of the country’s two biggest cities have recorded increases of more than 10% year-on-year.

The annual survey by RE/MAX Hellas estate agents showed a 11.6% leap in rates in the center of Athens, with that figure rising to 16.7% in the northern suburbs and 13.9% in southern coastal districts. Piraeus has seen 12.7% growth and Western Attica a 4.2% increase.

Overall the rise in Attica has come to 6.2% this year from 2020, while in Thessaloniki rental rates have grown 9.4% from last year. In the rest of the country the rise was 1.4%.