According to a recent survey by Prosperty, presented by the company’s CEO Antonis Markopoulos during the Capital.gr Conference, of the 127,000 available properties across the main markets, 18% were located in the center of 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 located. Additionally, 13% of the properties were situated in Thessaloniki, and 10% in its surrounding suburbs.
The average duration a property listing remains on the market is estimated at 5 to 6 months, which analysts interpret as the average transaction completion time—an indicator of a "slow-moving market."
The construction decade of the 127,000 available properties is of particular interest. The largest share (22.3%) consisted of buildings constructed in the 1970s, followed closely by newly built properties (post-2020) at 21.78%. Properties built between 2000 and 2009 accounted for 13.47%, while those from the 1960s represented 12.47%.
Only 1 in 10 properties listed for sale was renovated (10,500 properties), whereas 89,500 were non-renovated.
Budget and Selection Criteria
In terms of buyers' available budgets, 44.53% had between €100,000 and €200,000, 26.13% had less than €100,000, and 15.43% had between €200,000 and €300,000.
Most properties in demand and on offer were located in central Athens, with demand and supply rates at 34% and 29% respectively. This was followed by the southern suburbs, which recorded 28.6% in supply and 24.2% in demand.
The northern suburbs accounted for 14% of the supply and 17% of the demand, while Piraeus showed low supply (7%) but high demand (13.8%).
