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House prices in Greece: Urban areas (1997=100)

Greece

House prices in Greece

We use the Bank of Greece's quarterly index of prices of dwellings in urban areas stretching back to 1997. There is also an index for Athens,

House prices in Greece's urban areas, % change 1 yr

Nominal and inflation-adjusted ('real')

Greece

Source: Bank of Greece


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20203.22%
20194.02%1.17%3.03%-0.61%
20181.34%-0.84%1.74%0.13%
2017-0.44%-1.32%1.15%-0.85%
20162.31%-2.08%0.15%-0.91%
20151.21%-4.15%-0.95%-0.81%
2014-1.03%-2.91%0.32%-0.33%
2013-0.43%-4.37%0.19%-3.61%
2012-3.36%-4.06%-1.81%-5.27%
20110.13%-3.77%-0.67%-5.12%
2010-1.37%-5.51%-3.00%-2.13%
2009-3.29%-1.29%-0.40%-1.17%
2008-0.26%-2.20%0.73%-0.79%
20070.39%-1.11%1.67%-1.85%
20064.03%0.39%2.67%2.52%
20053.13%1.08%3.38%1.28%
2004-0.47%-1.49%2.32%0.22%
20031.26%-2.41%2.12%-0.82%
20024.04%3.04%1.33%0.19%
20015.06%1.22%3.29%0.80%
20002.44%0.68%3.39%0.85%
19992.02%0.34%2.76%0.91%
19984.15%-0.01%1.97%1.47%
1997-0.58%2.92%2.81%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.


Yearly change in house prices, nominal and inflation-adjusted

YearInflation AdjustedNominal Change
20197.77%7.87%
20182.38%3.51%
2017-1.47%-0.65%
2016-0.58%-1.03%
2015-4.70%-5.28%
2014-3.92%-5.69%
2013-8.05%-10.05%
2012-13.76%-12.78%
2011-9.20%-6.67%
2010-11.53%-7.01%
2009-6.02%-4.19%
2008-2.52%0.30%
2007-0.94%2.67%
20069.92%13.09%
20059.16%13.15%
20040.54%3.72%
20030.08%3.28%
20028.83%12.73%
200110.71%13.75%
20007.54%11.90%
19996.16%8.85%
19987.76%12.34%

The yearly changes table looks at the last quarter's/month's index values for a given year and compares it with the same quarter/month of the previous year to gauge the change in house prices during that given year.


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House prices in Greece compared to the rest of the continent