Living near Piraeus Port comes at a rental premium, new analysis shows

More specifically, ReDataset analysed residential properties offered for rent, based on listings published between January and October 2026, within a radius of up to 2 km from the Port of Piraeus.

The analysis examines asking rental prices in relation to distance, floor area, year of construction and energy efficiency rating, as well as differences in property characteristics between the two zones. The study area covers locations within 2 km of the Port of Piraeus, using Gates E1–E12 as reference points.

The properties were divided into two zones according to their distance from the port:

• 0–1 km: 56% of the properties in the sample.
• 1–2 km: 44% of the properties in the sample.

This geographical breakdown allows for a comparison of asking rental prices between areas with varying degrees of proximity to the port facilities.

Higher Rental Asking Prices Closer to the Port

Residential properties located within 1 km of the port record an 8% higher median asking rent per square metre, at €10.45/sq.m., compared with €9.72/sq.m. in the 1–2 km zone. The overall median asking rent across the sample stands at €10.00/sq.m.

When distance is examined in smaller 250-metre intervals, a generally downward trend becomes apparent. Within the first 500 metres, the median asking rent is approximately €10.80/sq.m., while in the 1,750–2,000-metre zone it falls to €9.10/sq.m.

The findings indicate that proximity to the port is associated with higher rental asking prices, although they do not establish that the presence of the port itself is the cause of this difference.

Smaller Properties Command Higher Rents per Square Metre

Floor area is one of the property characteristics associated with the greatest variation in rental asking prices. Properties measuring 20–50 sq.m. record a median asking rent of €13.30/sq.m., 33% above the overall sample median. At the other end of the scale, properties ranging from 120 to 300 sq.m. stand at €7.70/sq.m.

This difference highlights the relationship between smaller property sizes and higher asking rents per square metre, even though the total monthly rent may be lower.

Newer Properties Record Higher Rental Asking Prices

The year of construction is also associated with variations in rental asking prices. For properties built before 2000, median prices remain relatively stable, ranging between €9.40 and €10.00/sq.m.

From 2000 onwards, higher prices are recorded among newer construction categories. The most significant difference is observed in properties built between 2020 and 2026, with a median asking rent of €12.90/sq.m., 29% above the overall sample median.

These differences reflect the higher asking prices of newer properties within the specific sample, without isolating the impact of building age from other characteristics, such as energy efficiency and location.

Rental Asking Prices Reach €12.60/sq.m. for Energy Class A+ Properties

A similar variation is observed when properties are analysed according to their energy efficiency rating. Properties with higher energy performance ratings command higher asking rents per square metre, with energy class A+ recording the highest median figure.

The difference between energy classes A+ and H reaches €3.60/sq.m., with median asking rents of €12.60 and €9.00/sq.m., respectively. Furthermore, A+ properties are priced 26% above the overall sample median.

Energy efficiency therefore represents an important factor differentiating rental asking prices. However, energy ratings are often associated with other property characteristics, including year of construction and overall building specifications.

Why Distance from the Port Alone Is Not Enough

The initial comparison indicates higher rental asking prices in areas closer to the port. However, properties in the two zones do not necessarily share the same characteristics. In the 0–1 km zone, properties tend to be smaller and older, while a higher proportion feature lifts and are located on higher floors.

These differences are important, as property size, age, floor level and amenities are all factors associated with the level of rental asking prices.

Key Findings of the Analysis

The residential rental market surrounding the Port of Piraeus exhibits significant variations, both in terms of distance from the port and the characteristics of the properties included in the sample.

Three key findings emerge from the data:

• Proximity to the port is associated with higher rental asking prices. The 0–1 km zone records a median asking rent 8% higher than the 1–2 km zone.
• Property size has a significant impact on rental prices per square metre. Smaller properties command considerably higher median asking rents.
• Building age and energy efficiency rating are associated with different price levels. Properties constructed between 2020 and 2026 and those rated energy class A+ are priced considerably above the overall sample median.

Most importantly, however, geographical comparisons cannot be considered independently of property characteristics. Distance from the port is one factor in the overall picture, but it is not sufficient on its own to explain the observed differences in rental asking prices.