Greek Property Prices Jump 5.7% in Q1 2026 as Rally Continues

Tuesday, 9 June 2026/Source: CretaOne/1 min read

Greek property prices continued their upward trend in the first quarter of 2026, with apartment values rising an average of 5.7% in nominal terms compared to the same period last year, according to data released by the Bank of Greece. This marks a continuation of a multi-year rally in residential real estate across Greece, including Crete. For tourists considering a longer stay or exploring property investment on the island, rental rates and short-term accommodation costs are likely to reflect this broader price pressure. Visitors planning extended trips to Crete should budget accordingly, as the strong demand driving property values also influences the short-term rental market. Those interested in the Cretan property market for personal or investment purposes are advised to consult a local licensed real estate agent familiar with current regulations.