According to research by RE/MAX Greece, it has been observed that the real estate market in Greece closely follows international trends, where interested buyers prefer larger residences for the purpose of owning. On the other hand, no one can overlook the fact that there is still a strong buying interest in smaller homes as well, as they enable their owners to rent them out with significant returns.
In more detail, as shown by the data of completed real estate sales carried out in 2022 nationwide by RE/MAX Greece, "champions" in demand are homes with an area of 76 to 100 square meters as for every 100 sales, 27 related to the specific square meters. This is followed by properties from 51 to 75 square meters as 23.6% of buyers chose this square footage range, while 1 in 5 buyers preferred properties from 101 to 150 square meters.
On the other hand, very large properties of more than 151 square meters were chosen, according to the data of RE/MAX Greece, by only 11 out of 100 buyers, while smaller properties of up to 50 square meters, based on sales made last year, were chosen by 17 out of 100 buyers.
What is going on in Attica
In Attica, one in three buyers preferred properties between 76 and 100 square meters, while it is noteworthy that almost one in four buyers chose houses between 101 and 151 square meters (23.1% of the total). At the same time, small houses of up to 50 square meters were chosen by only 11 out of 100 buyers, while very large houses of more than 151 square meters were chosen by 14.5% of buyers. As for the residences with an area of 51 to 75 square meters according to the data of RE/MAX Greece, they were chosen by 1 in 5 buyers.
In Thessaloniki, the largest buying interest refers to apartments from 51 to 100 sq.m. at a rate of 62.4%, while the largest properties over 151 sq.m. moved lower, since only 8 out of 100 buyers chose this category. And in the case of Thessaloniki, as in Attica, the champions in demand are apartments with an area of 76 to 100 square meters, with 33.3% of buyers choosing them.
In the rest of Greece, buyers' preferences are dominated by 46.8% of homes with an area of up to 76 to 150 sq.m., while there is significant interest in mid-range properties of 51 to 75 sq.m., at a rate of 22.5%. On the other hand, very large properties, i.e. those over 151 square meters, were preferred by 11.2% of buyers.
