The areas of the middle in addition to the areas of the southern and northern suburbs are nonetheless the costliest areas of Athens.
Regardless of the rise in actual property costs, these areas proceed to see a rise in demand from each Greek and overseas patrons, with excessive earnings standards. However which particularly are these areas which have the very best gross sales costs within the better Athens space? The place do costs vary?
Costs in the costliest areas of Athens
In keeping with knowledge from Prosperty, the built-in platform for purchasing, promoting and renting actual property, the costliest areas of Athens primarily based on the worth per sq. meter (euro/m²) and the common property dimension (m²) in every space:
- The realm with the very best worth per sq. meter is Drowningwith 5527.80 euros/m², and a median property dimension of 203.87 m².
- They’re adopted by Bullet (4935.63 euros/m², 212.02 m²) and Glyfada (4723.01 euros/m², 148.86 m²).
- The areas Alimos, Kolonaki – Lycabettus they vary between 4491.90 euros/m² and 4597.46 euros/m².
- The areas Filothei, Psychiko and Vari – Varkiza have costs per sq. meter from 4176.65 euros/m² to 4299.99 euros/m²
Property costs and sizes differ relying on the last decade of building, in response to licensed knowledge offered to APE-MPE by Prosperty
For instance:
Knowledge by decade:
- Vouliagmeni: Properties constructed from 2014 to 2026 have the very best worth, at 6819.34 euros/m², with a median dimension of 216.71 m². Costs step by step lower as we return in time, with the interval 2004-2014 at 6274.01 euros/m² for bigger properties (307 m²). The worth per sq. meter for properties constructed earlier than 1985 is €5559.96/m², however these properties are smaller in dimension, simply 102.20 m².
- Voula: The latest properties (2014-2026) have a worth of 6065.85 euros/m² and a median dimension of 169.76 m². In earlier many years, costs vary from 4071.40 euros/m² to 4464.94 euros/m², whereas property sizes are bigger, with a median dimension of 286.20 m² for the interval 2004-2014.
What properties did patrons select in 2023
However extra usually, what have been the alternatives of the big variety of patrons in 2023, aside from costly properties geared toward high-income patrons.
In keeping with a survey by RE/MAX Hellas with the goal of securing decrease costs that correspond to the degrees of their monetary capabilities, 7 out of 10 property patrons who selected residences, most popular these which might be over 20 years outdated. On this approach, they’ve managed to safe housing at extra inexpensive costs in comparison with newer properties, whereas on the identical time aiming for future capital beneficial properties via the renovation and power upgrading of those properties.
In keeping with the official knowledge collected from gross sales that befell in 2023 via RE/MAX Greece, the primary place within the patrons’ preferences have been homes (flats/indifferent homes/maisonettes).
Plots and plots of land are subsequent to patrons’ preferences, whereas there may be much less curiosity in workplaces and retailers as these markets are anyway geared toward a selected funding viewers.
From the info of RE/MAX Greece, which has 85 workplaces all through the territory and greater than 1,100 actual property consultants, fascinating and necessary knowledge emerges relating to the age of the properties chosen by the patrons. In truth, the pattern of current years to choose 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 business exploitation is confirmed.
Distribution of bought properties by sort of property
Based mostly on the detailed evaluation of RE/MAX Greece’s knowledge on the distribution of actual property gross sales nationwide, 83.7% of the overall variety of properties bought corresponded to residential properties (flats/indifferent homes/maisonettes). Then again, plots of land and business properties involved a a lot smaller proportion, of 12.8% and three.5% respectively.
In Attica, 93.3% of the properties bought have been primarily residential (flats/indifferent homes/maisonettes). Plots of land coated 3.8% of the overall gross sales quantity, whereas business actual property accounted for two.9%
Within the second largest metropolis of the nation, Thessaloniki, an analogous pattern to Attica may be noticed by way of residential choice, as 90.8% of the properties bought belong to this class. Plots of land occupy a smaller however important proportion, of the order of 4.1%, whereas the share of business properties quantities to five.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 observe, accounting for 18.1% of complete gross sales, whereas business properties characterize simply 3.2%
These figures mirror the preferences and wishes of patrons within the area, the place demand for housing stays excessive, whereas plots are additionally displaying elevated curiosity for funding or residence.
Distribution of bought properties by property age
Of specific curiosity is the age distribution of bought residential properties, the place as soon as once more the pattern of earlier years was noticed to proceed. Curiosity is targeted on outdated houses over 20 years outdated, which 69.5% of patrons selected. That is adopted by newly constructed properties as much as 5 years outdated which make up 15.5% of complete 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 share of ultimate patrons rose to 13.2% and from 6 to 10 years solely to 1.2%. This evaluation captures the preferences of patrons and the tendency to decide on older houses.
In Attica, it’s noticed that 82.7% of the properties bought belong to the class of outdated residential buildings, over 20 years outdated. Quite the opposite, newly constructed and new properties, as much as 5 years outdated, represent solely 4% of complete gross sales, i.e. 2 proportion factors decrease than in 2022.
In Thessaloniki, an analogous pattern is noticed as in Attica. The best percentages of choice are present in properties over 20 years outdated, reaching 79.5%. Conversely, newly constructed properties as much as 5 years outdated are transferring at decrease ranges than in 2022, accounting for five.6% of complete gross sales, a lower of two proportion factors
Lastly, in the remainder of Greece, the share of patrons who selected properties over 20 years outdated quantities to 61.3%, clearly decrease than Attica and Thessaloniki. It’s noteworthy that newly constructed properties as much as 5 years outdated occupy the second place as they have been most popular at a fee of 23%.
Supply: RES-MPE
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