Actual property: How Greeks do not “stumble” on excessive costs and purchase – 2024-06-09 17:06:39

With the purpose of securing decrease costs that correspond to the degrees of their monetary capabilities, 7 out of 10 property patrons who selected residences, most well-liked these which can be greater than 20 years previous. On this manner, they’ve managed to safe housing at extra inexpensive costs in comparison with newer properties, whereas on the similar time aiming for future capital good points by the renovation and vitality upgrading of those properties.

Based on the official information collected from gross sales that came about in 2023 by RE/MAX Greece, the biggest actual property community within the nation for 22 years, residential properties (residences/indifferent homes/maisonettes) had been in first place amongst patrons’ preferences. Plots and plots of land are subsequent to patrons’ preferences, whereas there’s much less curiosity in workplaces and outlets as these markets are anyway aimed toward a particular funding viewers.

The age of the true property

From the info of RE/MAX Greece, which has 85 workplaces all through the territory and greater than 1,100 actual property consultants, extraordinarily fascinating and vital information emerges relating to the age of the properties chosen by the patrons. Actually, the development of latest years to favor older properties at extra aggressive costs (in comparison with newly constructed ones) and that are supplied to their homeowners each for personal residence and for industrial exploitation is confirmed.

Distribution of bought properties by kind of property

Based mostly on the detailed evaluation of RE/MAX Greece’s information on the distribution of actual property gross sales nationwide, 83.7% of the entire variety of properties bought corresponded to residential properties (residences/indifferent homes/maisonettes). However, plots of land and industrial properties involved a a lot smaller proportion, of 12.8% and three.5% respectively.

In Attica, 93.3% of the properties bought had been primarily residential (residences/indifferent homes/maisonettes). Plots of land lined 3.8% of the entire quantity of gross sales, whereas the proportion of economic actual property was 2.9%.

Within the second largest metropolis of the nation, Thessaloniki, an analogous development to Attica could be noticed by way of residential choice, as 90.8% of the properties bought belong to this class. Nevertheless, it’s value noting that plots of land occupy a smaller however important proportion of 4.1%, whereas the proportion of economic actual property is 5.1%.

In the remainder of Greece, it seems that homes occupy the primary place within the preferences of patrons, with a proportion of 78.7%. Plots of land comply with, protecting 18.1% of whole gross sales, whereas industrial properties symbolize simply 3.2%. These figures mirror the preferences and desires of patrons within the area, the place demand for housing stays excessive, whereas plots are additionally exhibiting elevated curiosity for funding or residence.

Distribution of bought properties by property age

Of specific curiosity is the age distribution of the residential properties bought, the place as soon as once more the development of earlier years was noticed to proceed. Curiosity is targeted on previous properties over 20 years previous, which 69.5% of patrons selected. That is adopted by newly constructed properties as much as 5 years previous which make up 15.5% of whole gross sales.

The intermediate age classes of properties, i.e. from 16 to twenty years, gathered the curiosity of solely 0.6% of patrons. From 11 to fifteen years the proportion of ultimate patrons reached 13.2% and from 6 to 10 years solely to 1.2%. This evaluation captures purchaser preferences and the development in direction of older properties.

In Attica, it’s noticed that 82.7% of the properties bought belong to the class of previous residential buildings, over 20 years previous. Quite the opposite, newly constructed and new properties, as much as 5 years previous, represent solely 4% of whole gross sales, i.e. 2 proportion factors decrease than in 2022.

In Thessaloniki, an analogous development is noticed as in Attica. The very best percentages of choice are present in properties over 20 years previous, reaching 79.5%. In distinction, newly constructed properties as much as 5 years previous are transferring at decrease ranges than in 2022, protecting 5.6% of whole gross sales, a lower of two proportion factors.

Lastly, in the remainder of Greece, the proportion of patrons who selected properties over 20 years previous quantities to 61.3%, clearly decrease than Attica and Thessaloniki. It’s noteworthy that newly constructed properties as much as 5 years previous occupy the second place as they had been most well-liked at a fee of 23%.

Supply: ot.gr