According to revised data, in 2022 the average annual growth rate of nominal prime office prices stood at 3.5% for the entire country. The corresponding average rates of change were 5.9% in Athens, 5.7% in Thessaloniki, while prices remained steady in the rest of Greece.
In the first half of 2023, office rents for the entire country increased by 3.8% compared with the second half of 2022 (provisional data). According to revised data, office rents increased by 1.7% in the first half of 2022 and 1.8% in the second half of 2022, compared with the previous half-year. In 2022, office rents increased at an average annual rate of 2.9%.
According to provisional data, in the first half of 2023 nominal prime retail prices for the entire country increased by 4.2% compared with the second half of 2022. Over the same period, nominal prime retail prices increased by 4.9% in the wider Athens area, 4.2% in Thessaloniki and 2.9% in the rest of Greece, compared with the previous half-year.
According to revised data, in 2022 the average annual growth rate of nominal prime retail prices stood at 6.1% for the entire country, whereas the corresponding rates were 8.5% in Athens, 6.3% in Thessaloniki and 2.1% in the rest of Greece.
In the first half of 2023, retail rents for the entire country increased by 3.9% compared with the second half of 2022 (provisional data). According to revised data, retail rents increased by 2.8% in the first half of 2022 and 1.7% in the second half of 2022, compared with the previous half-year. In 2022, retail rents increased at an average annual rate of 4.4%.
