Housing costs for the average family in Attica that does not live in a property it owns have increased significantly: According to data processed by ReDataset of the Resolute group, the cost of renting (based on data from online ads) has increased by a percentage ranging from 9.6% in Paleo Faliro to 22.2% in Glyfada from the first quarter of 2023 to the same period this year.

Based on the areas examined by the company, the average monthly cost of rent starts at €820 in Kallithea and reaches up to €1,340 in the seaside Vari-Voula-Vouliagmeni area.

These prices concern apartments of 70-110 square meters, which typically suffices for the needs of a family of three or four. In central Athens, where interest is also high, the average rent being asked has reached €980, up 18% from €830 in the first quarter of 2023. However, taking into account the advanced age and poor condition of many of the apartments advertised, the cost of almost €1,000 is particularly high and difficult to sustain in the long term.

Besides, as ReDataset points out, 2023 seems to have been the last year in which rental prices recorded double-digit increases. Since then, in most areas, the rate of the hikes has dropped to single digits. 

This has happened in places like Kallithea and Maroussi, where rents have stabilized in the last year, although over a three-year period the increases amount to 20.6% and 19.8%, respectively. In Piraeus, after a sharp increase in 2023, rents are increasing, but at a much slower pace, and do not exceed €830 (from €680 before 2023).

In the most expensive areas of the southern suburbs, Glyfada and the Municipality of Vari-Voula-Vouliagmeni, where the average asking rent has now reached €1,320 and €1,340 respectively, prices have essentially stabilized without any significant change since 2024.

UnmuteRemaining Time  FullscreenWhile rental price growth has slowed in some areas, however, leasing costs remain beyond the capabilities of the average family, whose real income has stagnated in recent years due to inflation.