Structural shifts reshape the housing market in Thessaloniki

The data published by ReDataset of the Resolute Cepal Greece Group, derived from publicly listed residential property sale advertisements (apartments and detached houses) ranging from 20 to 300 sq.m., with construction years between 1960 and 2025 and asking prices from €400 to €10,000 per sq.m., excluding auctions, indicate a market that is not merely expanding but is redefining its internal balance.

The supply of newly built homes (2020 onwards) increased markedly by +48.8% within just two years, gradually renewing the residential stock, while prices rose by +11.9%.

Small residential properties of 20–50 sq.m. recorded an almost twofold increase of +25.4% in asking prices since 2023—the highest rise among all size categories.

With regard to the building stock, although larger residences (111–300 sq.m.), which constitute the largest share of the city’s housing inventory, continue to maintain the highest supply share for 2025, reaching 31.9%, it is noteworthy that the greatest increase in supply was observed in the mid-sized category of 51–80 sq.m., where listings rose by +29.2%.

At the same time, the energy profile of the market is also shifting. High energy-efficiency properties recorded a decrease in market share of 9.4 percentage points, while medium energy categories now dominate the available listings.