Statistics

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 rate of home ownership in the country has shown a significant decline in recent years. In particular, during the period between 2005 and 2021, the percentage of home ownership in Greece fell from 84.6% to 73.3%, losing 11.3%, according to Eurostat data. The housing stock in Greece, according to Eurostat, for the year 2019 was 3,949,900 residences – houses. According to the official data of Eurostat...

Like many young Greeks, Christina Pappa had to look for a cheaper apartment in an Athens suburb after her rent went up and was relieved to find one through acquaintances. With a rent of 200 euros per month, she is lucky, the publisher notes. While Greece's economy is growing at nearly twice the rate of the euro zone this year, thanks to a strong recovery in tourism, young people are increasingly being...

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 -...

The dynamics of real estate prices and rentals have been examined by Alpha Bank in its Weekly Bulletin of Economic Developments (July 2022), highlighting, among other things, the effect that of increase in telecommuting on the property market. In particular, Alpha Bank's analysis team points out that the rise in residential property prices and rents over the last two years is a pan-European phenomenon....

Rents remain high, mainly in the country's urban centers, according to the latest data from the real estate market. According to the Greek Statistical Survey's (ELSTAT) latest data on inflation, housing costs for citizens has increased by 35% within a year, due to the increase in prices for house rents, electricity, gas, heating petrol and solid fuels. On the issue of high rents, Lefteris Potamianos,...

A construction blooming has been noted during the last 9 months in the country, despite the fact that the pandemic crisis and the war in Ukraine have created multiple problems. The cost of construction, for example, has increased by 50% within one year, as materials and services have risen steeply; however a strong interest of foreign investors in buying properties, mainly in the Southern Suburbs of...

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...