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Rising Rental Costs in Thessaloniki Amid Urban Development

Thessaloniki is experiencing significant increases in rental prices as the city undergoes urban development, driven by the new metro system. Rental apartments are now priced between 450 and 1200 euros, depending on size, with notable increases in areas like the center, Kalamaria, and New Beach. The real estate market reflects a transformation, especially in neighborhoods served by the metro where home prices have surged by 30%. Economically, areas like Menemene and Ampelokipoi remain more affordable.

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