Nominal prime office prices for the entire country increased on average by 2.6% in 2022 relative to 2021, against an increase of 1.7% in 2021, the Bank of Greece said on Thursday.
In the second half of 2022, nominal prime office prices increased by 2.2% at country level compared with the first half of 2022 (provisional data). In the second half of 2021, prime office prices increased by 1.2% compared with the previous half-year, whereas in the first half of 2022 they increased by 0.9% (revised data). According to regional data, in the second half of 2022 nominal prime office prices increased by 3.7% in the greater Athens area, by 1.6% in Thessaloniki and marginally by 0.3% in the rest of Greece, compared with the first half of 2022.
In 2022, nominal office rents of all classes, for the entire country, increased οn average by 1.6% in nominal terms (provisional data). Broken down by region, the corresponding average annual rate of increase in rents was 2.7% in Athens, 5.9% in Thessaloniki, while a decrease of 0.5% was recorded in the rest of Greece.
In the second half of 2022, office rents for the entire country increased by 1.1% compared with the first half of 2022 (provisional data). The respective rates of change were 0.6% in the second half of 2021 and 0.8% in the first half of 2022 (revised data).
According to provisional data, in 2022, nominal prime retail prices increased on average by 5.0% at country level, relative to 2021, against an increase of 2.5% in 2021. Broken down by region, in 2022, the corresponding average annual rates of increase were 6.9% in Athens, 2.7% in Thessaloniki and 2.6% in the rest of Greece.
In the second half of 2022, nominal prime retail prices increased by 2.4% compared with the previous half-year at country level (provisional data). The corresponding rates of change were 1.9% in the second half of 2021 and 2.8% in the first half of 2022 (revised data). According to regional data, in the second half of 2022, nominal prime retail prices increased by 3.2% in the greater Athens area and 1.5% in Thessaloniki and the rest of Greece, compared with the first half of 2022.
In 2022, retail rents of all classes for the entire country increased on average by 4.6% in nominal terms (provisional data). Broken down by region, the corresponding average annual rates of increase were 4.6% in Athens, Thessaloniki as well as the rest of Greece.
In the second half of 2022, retail rents for the entire country increased by 1.8% compared with the first half of 2022 (provisional data). The respective rates of increase were 1.5% in the second half of 2021 and 2.9% in the first half of 2022 (revised data).
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