According to a recent study by Prosperty, presented by the company's CEO Antonis Markopoulos at the Capital.gr conference, of the available 127,000 properties in Greece's main markets, 18% were located in central Athens, 15% in the southern suburbs, 7.3% in the northern suburbs, 6% in the western suburbs, and 2.5% in the eastern suburbs of the capital. In Piraeus, 3.5% of the properties were situated. Thessaloniki accounted for 13% of the properties, with 10% in its suburbs.
The average duration for a property listing on the market is 5 to 6 months, which corresponds to the typical time frame for completing a transaction, indicating a "slow-moving market."
Regarding the construction decade of the available 127,000 properties, the largest percentage (22.3%) were built in the 1970s, followed by newly built properties (after 2020) at 21.78%, those constructed in the 2000-2009 decade at 13.47%, and properties from the 1960s at 12.47%.
Only 1 in 10 properties for sale was renovated (10,500 properties), while 89,500 properties were not renovated.
Budget and Criteria:
Regarding the average available amount per buyer, 44.53% have between €100,000 and €200,000, 26.13% have less than €100,000, and 15.43% have between €200,000 and €300,000.
The majority of properties are requested and offered in central Athens, with 34% and 29% respectively, followed by the southern suburbs (28.6% offer and 24.2% demand).
The northern suburbs represent 14% offer and 17% demand, with Piraeus showing low offer (7%) but high demand (13.8%).
This data highlights the evolving dynamics of the Greek real estate market, with shifting demand patterns and varying property conditions influencing buyer decisions.
