According to the central bank in 2022 H1, the rate of change for prime office prices for the entire country stood at 0.7% and for office rents at 0.9%, compared with 2021 H2. In 2022 H1, the rate of change for prime retail prices for the entire country stood at 2.4% and for retail rents at 2.5%, compared with 2021 H2.
Office indices
According
to provisional data, in the first half of 2022 nominal prime office prices for the entire country increased by 0.7%,
compared with the second half of 2021. Over the same period, nominal prime
office prices increased by 2.0% in the greater Athens area and 0.4% in
Thessaloniki, while they decreased by 0.9% in the rest of Greece.
According
to revised data, in 2021 the average annual growth rate of nominal prime office
prices stood at 1.6% for the entire country. The corresponding average rates of
change were 4.4% in Athens, 0.6% in Thessaloniki and -1.6% in the rest of
Greece.
In the first half of 2022, office rents for the entire country increased by 0.9% compared with the second half of 2021 (provisional data). According to revised data, office rents increased by 2.9% in the first half of 2021 and 0.3% in the second half of 2021, compared with the previous half-year. In 2021, office rents increased at an average annual rate of 3.8%.
Retail indices
According
to provisional data, in the first half of 2022 nominal prime retail prices for the entire country increased by 2.4%
compared with the second half of 2021. Over the same period, nominal prime
retail prices increased by 3.1% in the wider Athens area, 1.4% in Thessaloniki
and 1.5% in the rest of Greece, compared with the previous half-year.
According to revised data, in 2021 the average
annual growth rate of nominal prime retail prices stood at 2.3% for the entire
country, whereas the corresponding rates were 2.3% in Athens, 0.9% in
Thessaloniki and 2.5% in the rest of Greece.
