Apartments

The right to housing in Greece tends to become a joke as housing prices soar at rates out of proportion to wages. While the problem of access to housing is intensifying on a pan-European level, it is now also on the agenda of politicians, who until recently underestimated it. As part of the housing policy, the government will announce at the Thessaloniki International Forum "My House 2", which will...

Why the global rally in house prices continues - What Knight Frank research reveals The bullish party in the domestic housing market continues, with prices now just shy of the all-time high of 2008 before the financial crisis. The new double-digit growth during the third quarter of 2023 has catapulted Greece into the global top 3 of the countries with the strongest annual rate of change, although the...

The market share of second-hand properties on all sales that take place is now increasing, since the cost of buying a newly built home is considered prohibitive for the majority of households. A large portion of real estate buyers turn to second-hand properties as prices are lower than new constructions but there is more room for negotiation with sellers. At the same time, the cost of buying an old...

The current economic situation, but sometimes an entire period of history, can be captured by the price fluctuations of a small apartment. A friend of mine was described me a few days ago the adventures and destiny of a small apartment she owns in Ampelokipoi over the last 20 years. The ground-floor apartment, which her family bought her during her student years up until the day she got marriage, became...

A lack of demand for buying real estate in the northern suburbs of Athens has been observed in recent years, in comparison with both the southern and the central areas of Athens. Why do the northern suburbs not follow the ‘rally’ of the southern suburbs? According to Lefteris Potamianos, President of the Association of Real Estate Agents of Athens and Attica, there are three reasons. The first reason...

The prices of rents in Attica are constantly increasing, as a result of which, it becomes more and more difficult to find cheap housing. In the center of Athens, prices have increased by 10% during the last year, while the cumulative increase in rents over the last three years ranges between 30% and 35%. As Mr. Lefteris Potamianos points out (the President of the Association of Realtors of Athens -...

According to data from the Bank of Greece, apartment prices in the country have increased by 8.6% in the first quarter of 2022. Based on the age of the property, the prices of the newly-built apartments increased by 10.3% and the older ones by 7.4%, while based on their geographical location, the largest increase is located in Athens by 9.7%. Thessaloniki shows increase by 8, 3% and the other big cities...