Athens Home Prices Are Surging Faster Than Other European Cities

  • Housing shortages have led to 12.2% jump in the Greek capital
  • The debt crisis has left thousands of homes in legal limbo
A hot dog stand by apartment blocks in the Gazi district of Athens, Greece.Photographer: Yorgos Karahalis/Bloomberg
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Athens has become one of Europe’s hottest housing markets, with apartments in what was once a rundown industrial district now on par with wealthier European cities and luxury developments popping up along its coastline.

Home prices in the Greek capital have climbed 12.2% in October, nearly triple the gains in Stockholm and bucking declines in cities including Paris, according to data compiled by Bloomberg.