Quarterly house price to rent ratio in Greece 2015-2023
The house price to rent ratio in Greece has increased quarter-on-quarter since 2017, reaching the highest index value on record in 2023. In the second quarter of the year, the index value amounted to 152.9. The house price to rent ratio is calculated by dividing nominal house prices by rent prices, with 2015 chosen as a base year when the index stood at 100. An index value of 130 means that house prices have increased by 30 percent more than rents since 2015. Greece's index was higher than the OECD average house price to rent ratio.
