Real estate market: The 12 most sought-after neighborhoods in Athens to buy a home [πίνακες]

Table of Contents

Overall, in Attica, residential sales increased by 37% in 2023, while the total value of sales increased by 68%. Market professionals estimate that similar percentages will not be recorded this year, as although interest remains strong, the rise in prices will move to more “reasonable”, lower levels.

Peculiarities

Of these twelve areas, some are expectedly more expensive, such as Glyfada (5,246 euros/sq.m.), others are close to the average price limit, such as Ampelokipi (2,283 euros/sq.m.), and others are cheaper, such as Kypseli (1,886 euros/sq.m.). Although they have significant differences in their features and the audience they attract, they are all at the top of demand in their price category. It is confirmed that the areas that “gain” interest are those that offer greater security, access to some source of greenery, such as parks and squares, and easy access to the Mass Transportation network.

Larger properties

In Attica, where almost half of Greece’s population is located, it is easy to understand that there are many and different trends in terms of the profile of properties that buyers choose. The prevailing one is that the market is going for the sale of newer, bigger and more expensive properties in all price categories. A typical example is the areas of the southern suburbs, where people are buying bigger and bigger properties, with the latest surveys showing a gradual increase in the surface area of ​​the average house from 75 sq.m. three years ago, in 2021, in almost 80 sq.m. in 2023 and according to the brokers at 84 sq.m. in 2024. The final figures for 2024 will be available in January 2025, but it is already October and the trend is unlikely to change. In the east of Attica, the area of ​​the average property is more than 110 sq.m., with experts explaining that in all areas where land is cheaper, the properties built in the last 10 years were larger from the start. A trend that continues in 2024, when the construction industry has once again put the “machines” in front.

What do they prefer?

With the exception of the center of Athens, the champions of demand are the “three-bedrooms” from 85 to 125 sq.m., with the “studios/studios” coming second, which have the first place of searches in the heart of Athens. Average purchase prices obviously vary from area to area, but even within the same neighborhood prices vary greatly depending on the characteristics of each property. Professionals emphasize that in this order the reasons for preference in the basic characteristics of a property are the surface area, the floor, the area and the age of construction. In terms of special features, energy shielding, the existence of a solar water heater and the availability of parking spaces are the first to be preferred.

Evolution of real estate prices in 12 regions of Attica

Attica Waist gdefeating price 2024 Waist mchange 2023-2024
New Smyrna 3.255 +9,23%
Kallithea 3.000 +5,12%
New World 2.874 +1%
Dove 1.954 +12,99%
Vineyards 2.283 +5,05%
Pagrati 2.872 +9,17%
Cell 1.886 +1,54%
Glyfada 5.246 +11,61%
Old Faliro 3.814 +7,39%
Petersburg 2.486 +12,50%
Maroussi 3.228 +7,40%
Holargos 3.355 +11,30%

Source: Real Estate Listing Sites/indomio.gr

#Real #estate #market #soughtafter #neighborhoods #Athens #buy #home #πίνακες
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