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Most Greeks Cannot Afford New Housing

From 2017 to 2022, the prices on apartments in new buildings in Greece increased by 75.5%.

The acquisition of a new house is turning into an impossible dream for the vast majority of Greeks. The main reason is the jump in selling prices associated with rising construction costs, as well as higher land rates and higher energy efficiency standards, which all new properties must now meet.

According to an up-to-date analysis by the company of certified appraisers Geoaxis Property & Valuation Services, during the recovery of the housing market from the lowest point from 2017 to 2022, prices for apartments in new buildings increased by 75.5%, as in the case of the Athens suburb of Marousi.

The average offer price for a new building in the northern suburbs of the capital, which are also the most in-demand, ranges around €3,500-4,500 per square meter in objects under construction, while transactions are made just below this level. However, five years ago the average asking rate did not exceed €2,000-2,500 per sq.m.

Of course, in 2018 there were fewer new buildings than today, due to the financial crisis, and consumer interest was not as high as it is now, including from foreign buyers.

Propreties for sale in Greece:
Townhouse for 250 000 euro in Chalkidiki, Greece
250 000 €
Townhouse in Chalkidiki, Greece
79 m²
Residence
Greece. New 79 m² townhouse in Halkidiki. For sale: 79 m² townhouse in Halkidiki €250,000 €3,165/m² • Property ID: 67025 • Area: 79 m² • Plot size: 70 m² • Region: Halkidiki/Other • Location: Nea Kallikrateia (Nea Propontida) | Halkidiki (Macedonia) • Number of...
Europe Gmbh
House for 750 000 euro in Athens, Greece
750 000 €
House in Athens, Greece
240 m²
Residence Rental property
Greece. House of 240 m2 in Athens. 750 000 € Object code 49121 Area 240 m2 Location Attica (Greece) | Ilioupolis (Athens - South) More details Number of floors in the building: 2 Year of construction: 2020 Number of rooms: 6 Levels: 2 Bathrooms: 4 Bedrooms: 4 Distance from the sea: 3,200 m Distance to the airport: 19 km Services Swimming pool...
Europe Gmbh
Apartment for 350 000 euro in Pireas, Greece
350 000 €
Apartment in Pireas, Greece
145 m² 3 3 2
Online Viewing Rental property
Piraeus is a bustling port city located near Athens, the capital city of Greece. This means you have access to all the amenities, cultural attractions, and job opportunities that a major metropolitan area provides, without the hustle and bustle of city living.
GLYFADA GOLF PROPERTIES IKE
Villa for 1 600 000 euro in Kineta, Greece
1 600 000 €
Villa in Kineta, Greece
300 m²
Residence
Greece. Kineta. Villa 300 m² in Attica €1,600,000 €5,333/m² • Property ID 40429 • Area 300 m² • Plot area 4,000 m² • Location: Kineta (Megara) | Rest of Attica (Attica) • Number of rooms: 5 • Number of floors in the building: 3 • Year built: 2019 • Beach:...
Europe Gmbh
House for 200 000 euro in Corfu, Greece
200 000 €
House in Corfu, Greece
80 m² 4 2 1
Traditional detached house for sale with a magnificent view, located in the Agios Panteleimonas area of northern Corfu in a lush, green, and quiet area. ️ The house has a total area of 80 square meters and is built on a 1,350-square-meter lot, with an additional 120 square meters of remaining building rights and It consists of: 2 bedrooms...
Maija Software
House for 250 000 euro in Corfu, Greece
250 000 €
House in Corfu, Greece
80 m² 4 2 1
MAGOULADES. An 80-square-meter single-family home is available for sale in the traditional village of Magoulades in Northern Corfu. ️ The house has a total area of 80 sq. m. and is built on a 3,700 sq. m. lot, with an additional 320 sq. m. of remaining building rights. It consists of: Two bedrooms. Living room. Kitchen. Bathroom....
Maija Software
Villa for 485 000 euro in Rethymno prefecture, Greece
485 000 €
Villa in Rethymno prefecture, Greece
211 m²
Greece. Crete. Rethymno. Villa with pool. For sale - Villa 211 m² on Crete Greece, Crete, Rethymno Prefecture, Arkadi, Prinos €485,000 €2,299/m² Reference 61233 • Area 211 m² • Plot size 406 m² • Location: Prinos (Arkadi) | Rethymno Prefecture (Crete) • Number of rooms: 5...
Europe Gmbh
Cottage for 35 000 euro in Agios Nikolaos, Greece
35 000 €
Cottage in Agios Nikolaos, Greece
52 m²
Residence
Greece. Agios Nikolaos. 52 m² cottage on Crete. Lasithi Prefecture. Agios Nikolaos. Raskol. €35,000 €673/m² • Property ID 60635 • Area 52 m² • Location: Raskol (Agios Nikolaos) | Lasithi Prefecture (Crete) • Number of rooms: 2 • Beach: Pebble beach, Sandy beach • Number of...
Europe Gmbh
Villa for 3 850 000 euro in Marathon, Greece
3 850 000 €
Villa in Marathon, Greece
750 m²
Residence
Greece. 750 m² villa in Attica Marathonas. €3,850,000 €5,133/m² • Property ID 41218 • Area 750 m² • Plot size 1,050 m² • Location: Attica (Greece) | Marathonas (Athens - East) • Number of rooms: 10 • Number of floors in the building: 4 • Year built: 2016...
Europe Gmbh
Villa for 580 000 euro in Elounda, Greece
580 000 €
Villa in Elounda, Greece
174 m²
Residence
The villa is located in the quiet town of Mavrikiano, away from the tourist trails, and at the same time within walking distance from the coastal town of Elounda, famous for its mild climate and long holiday season. Vacationers in this place can enjoy the serene sea and lack of wind thanks to the natural protection of the islands, the beautiful...
NF Group
Flat for 137 000 euro in Thessaloniki, Greece
137 000 €
Flat in Thessaloniki, Greece
38 m²
Residence
Greece. 37 m² Apartment in Thessaloniki €138,000 • Property ID: 65429 • Area: 37 m² • Region: Thessaloniki • Location: Agia Triada (Faliro - Ippokratio) | Municipality of Thessaloniki • Number of rooms: 2 • Number of floors in the building: 7 • Year of construction: 1960 •...
Europe Gmbh
Flat for 270 000 euro in Athens, Greece
270 000 €
Flat in Athens, Greece
65 m²
Residence
Greece. Athens. New apartment, 65 sq m. For Sale - Apartment, 65 sq m, Athens Greece, Attica, Athens - South, Kallithea, Agia Eleoussa €270,000 €4,154/m² • Property ID: 63932 • Area: 65 sq m • Location: Agia Eleoussa (Kallithea) | Athens - South (Attica) • Number of rooms: 2 • Floor: 1 • Year of...
Europe Gmbh
Townhouse for 450 000 euro in Chalkidiki, Greece
450 000 €
Townhouse in Chalkidiki, Greece
120 m²
Residence
Greece. New townhouse, 120 m², in Halkidiki. Halkidiki, Nea Kallikrateia. €450,000 €3,750/m² • Property ID 59309 • Area 120 m² • Plot size 148 m² • Location: Nea Kallikrateia (Nea Propontis) | Chalkidiki (Macedonia) • Number of rooms: 4 • Number of floors in the...
Europe Gmbh
Cottage for 38 000 euro in Serres, Greece
38 000 €
Cottage in Serres, Greece
100 m²
Residence
Greece. 100 m² cottage in central Greece Macedonia. Serres Prefecture. Skoutari. Agia Eleni. €38,000 €380/m² • Property ID: 64694 • Area: 100 m² • Plot area: 300 m² • Region: Central Greece • Number of rooms: 3 • Year built: 1990 • Number of rooms: 3 •...
Europe Gmbh
Villa for 1 100 000 euro on Corfu, Greece
1 100 000 €
Villa on Corfu, Greece
457 m² 7 7 4
Online Viewing Remote Transaction Rental property
Villa with an area of ​​457 sq. m, surrounded by lush greenery, there is a swimming pool on the territory. - Ground floor (146 sq.m.): open plan living and dining room with fireplace, kitchen, 1 bedroom, 1 bathroom with shower - Second floor (109 sq.m.): 3 bedrooms, 1 bathroom, 1 bedroom with bathroom - Attic (92 sq.m.): with 2 bedrooms, 1...
HELLAS CONSULT SOLUTIONS
Flat for 160 000 euro in Olympiaki Akti, Greece
160 000 €
Flat in Olympiaki Akti, Greece
54 m²
Residence
Greece. Olympic Riviera. Olympiaki Akti. New 54 sq. m apartment For Sale - 54 sq. m apartment on the Olympic Riviera €160,000 €2,963/m² • Property ID: 65800 • Area: 54 sq. m • Region: Olympic Riviera • Location: Olympiaki Akti (Katerini) | Prefecture: Pieria (Macedonia) • Number of rooms: 3...
Europe Gmbh
Flat for 1 250 000 euro in Athens, Greece
1 250 000 €
Flat in Athens, Greece
155 m² 3 3
Residence
The new apartment complex is located in Glyfada, a southern suburb of Athens. For sale are the last 2 apartments with 3 bedrooms with an area of 155 sq. m. m everyone. The apartments have balconies with sea views, as well as a parking space and a storage room. The apartments are equipped with Italian kitchen furniture and sanitary ware of the...
NF Group
Villa for 320 000 euro on Corfu, Greece
320 000 €
Villa on Corfu, Greece
115 m² 5 3 3
Online Viewing Remote Transaction
The villa, located in a corner of paradise, is a real hidden Corfiot pearl. The villa is under construction, the finishing of the villa can be completed according to your taste and requests. Cypresses and olives, which are more than 400 years old, grow on the site. You can build a court or a golf course. After completion of the construction...
HELLAS CONSULT SOLUTIONS
Villa for 2 500 000 euro in Attica, Greece
2 500 000 €
Villa in Attica, Greece
870 m²
Residence
Greece. Villa 870 m² in Attica. Pikermi Ntrafi €2,500,000 €2,874/m² • Property ID 9439 • Area 870 m² • Plot size 1,450 m² • Location Ntrafi (Pikermi) | Rest of Attica (Attica) • Distance from the sea: 12,000 m • Distance to the airport: 7 km Introduction: Discover...
Europe Gmbh
Villa for 540 000 euro in Agios Nikolaos, Greece
540 000 €
Villa in Agios Nikolaos, Greece
110 m²
Residence
Greece. Agios Nikolaos. Prina. Villa 110 m² on Crete Greece, Crete, Lassithi Prefecture, Agios Nikolaos, Prina €540,000 €4,909/m² • Property ID 61670 • Area 110 m² • Location: Prina (Agios Nikolaos) | Lassithi Prefecture (Crete) • Number of Rooms: 3 • Number of Rooms: 3 •...
Europe Gmbh

Source: Ekathimerini
Photo by Sonya Brady on Unsplash

Quoting conditions of Prianproperty.com materials

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