Greek Housing Prices Surge 7.3% in Q2 2025, Fueled by 'My Home' Program

Greek Housing Prices Surge 7.3% in Q2 2025, Fueled by 'My Home' Program

kathimerini.gr

Greek Housing Prices Surge 7.3% in Q2 2025, Fueled by 'My Home' Program

Driven by the 'My Home' program, Greek housing prices saw a 7.3% nationwide increase in Q2 2025, exceeding the previous quarter's 7% rise, with notable increases in Attica and major cities, while Thessaloniki and other regions showed a slight slowdown.

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Greek
Greece
EconomyLabour MarketGreeceAffordabilityGovernment SubsidiesReal Estate MarketHousing Prices
Τράπεζα Της Ελλάδος (Ττε)
Na
How did the price increases vary across different regions of Greece during Q2 2025?
Attica experienced a 5.9% increase (up from 5.2% in Q1), while other major cities saw an 8.5% rise (up from 7.7% in Q1). Conversely, Thessaloniki (8.8% from 10.1%) and other regions (8.8% from 9.1%) showed a slight deceleration, although remaining significantly above the national average.
What is the overall impact of the 'My Home' program on Greek housing prices in Q2 2025?
The 'My Home' program, with its second €2 billion cycle, initiated in early 2025, significantly boosted housing prices. The nationwide increase reached 7.3% in Q2, up from 7% in Q1, exceeding previous growth rates and creating distortions in the market.
What are the potential long-term consequences of these price increases, considering the 'My Home' program's characteristics?
The increased demand and limited supply, particularly of properties eligible for the 'My Home' program, create market distortions. This ultimately harms both program beneficiaries, due to inflated prices, and other buyers, facing higher costs in an already strained market. The long-term effect may be a further widening of the housing affordability gap.

Cognitive Concepts

1/5

Framing Bias

The article presents a balanced overview of the increase in housing prices, mentioning both the acceleration in major urban centers and the slight slowdown in other regions. The inclusion of data from different regions and property types (new vs. used) avoids overly focusing on a single aspect.

1/5

Language Bias

The language used is largely neutral and descriptive. Terms like "acceleration," "slowdown," and "increase" are objective. There's no use of emotionally charged or loaded language.

2/5

Bias by Omission

While the article provides a comprehensive overview based on Bank of Greece data, potential omissions exist. Further investigation into the geographical distribution of the "Spiti Mou" program's impact and a deeper analysis of supply-side factors affecting housing availability would enrich the analysis. The article also does not mention any potential negative impacts of rising house prices besides the distortion of the market.

Sustainable Development Goals

Reduced Inequality Negative
Indirect Relevance

The article discusses a government program aimed at increasing homeownership, but the rising housing prices due to increased demand and limited supply are creating inequalities. While the program intends to help, it inadvertently exacerbates existing inequalities by pricing some out of the market and creating distortions that hurt both program beneficiaries and other buyers. This impacts access to housing, a fundamental human right, disproportionately affecting lower-income groups.