The purchasing power of €250,000 has significantly decreased over the past two years in Greece, resulting in prospective buyers being able to purchase smaller and older properties than before.
In recent years, the Greek real estate market has seen a deterioration in purchasing power, particularly for those looking to spend €250,000 on a property. A recent study by ReDAtaset highlights that, while buyers in 2023 could acquire homes with an average area of 109.7 square meters, this figure has dropped to 102.8 square meters in 2025. This trend indicates a significant decline in the size of properties available for the same budget, with varying impacts depending on the area in question.
Specifically, in the Athens region, the loss is particularly pronounced, with homes that fit the €250,000 bracket expected to be smaller in 2025 compared to their 2023 counterparts. The average loss in surface area is approximately 6.5 square meters. Potential buyers looking in central Athens are noticing similar reductions; a property now offers only 87.8 square meters for €250,000—down from 94.6 square meters a couple of years ago while still being similarly aged. These figures illustrate the growing challenges for prospective homeowners in urban centers, as they grapple with rising square meter prices.
The evolution in the real estate market not only reflects changing economic conditions but also highlights broader demographic and societal shifts within the regions. As housing becomes increasingly expensive, particularly in urban settings, buyers may find themselves needing to adjust their expectations or look further afield for property options. This squeeze on available space raises concerns about the accessibility of housing for many Greeks, creating a need for policy discussions around housing development and affordability in the years to come.
