Stabilizing trends in real estate sales prices are predicted by 49% of experts, while 46% expect further increases. However, of these, 42% believe that the increase will not exceed 5%. Only a small percentage, less than 5%, expect prices to fall, according to the findings of the annual survey by Cerved Real Estate Services on trends in the residential market.
The picture is similar in the rental market, according to the survey cited by APE-MPE. Forty-seven percent estimate that there will be an increase in rental prices, with the majority believing that the increase will not exceed 5%. The remaining participants either expect stability or a limited decline.
Demand exceeds supply – Stability in transaction volumes
When asked about the relationship between supply and demand in the residential market until the end of 2025, 57% of participants estimate that the market is characterized by excess demand. Thirty percent believe that there is a relative balance, while only 12.8% see supply exceeding demand.
As for sales forecasts, almost half (47.4%) estimate that volumes will remain stable until the end of 2025. Forty-one percent expect an increase, while only 11.6% anticipate a decline in transactions.
Apartments retain the lion’s share – Home ownership as the dominant intention
Of particular interest is the breakdown of the property categories that are in highest demand. Sixty-four percent of respondents answered “apartments,” followed by single-family homes and maisonettes with 19.4%, land with 9.3%, and vacation homes with 7.6%.
According to 61.5% of professionals in the sector, the majority of buyers are looking for homes to live in. The remaining 38.5% are looking to purchase properties for investment purposes.
The contribution of foreign buyers
A notable finding is the participation of foreigners in the real estate market. 46.4% of experts estimate that foreign buyers account for less than 20% of the total, while 35.6% believe that they exceed 30%. However, according to 90% of respondents operating in Athens, Thessaloniki, and popular tourist destinations, the percentage of foreigners in these areas is over 30%, and in many areas, like the Cyclades, the Ionian Islands, Halkidiki, and Ermionida, it’s over 70%.
Conclusions: Resilience with signs of normalization
The survey findings paint a picture of a resilient market with cautious optimism. Demand for housing remains strong, with transaction volumes expected to remain stable or increase slightly. Owner-occupation dominates as the main purpose of home purchase, while foreign buyers continue to boost activity in selected geographical areas. Finally, prices – both sales and rentals – appear to be entering a phase of slower growth than in recent years, creating an environment characterized by relative stability and cautious optimism.
The purpose of the survey was to record the views of industry experts and to formulate forecasts for the future course of the sector. A total of 508 industry professionals participated in the survey, of whom 300 were certified appraisers and 208 were real estate consultants, representing real estate agencies from all over Greece.
