Property prices experienced in Greece last year, the last 10 years, the largest increase. The Greek real estate sector, which grew by only 1 percent in 2017, grew by 7.3 percent in 2018 and set a record.

Over the past year the largest transaction volume in Greece recorded sales of buildings 5 over five years old. Sales of new housing increased by 6.9 percent. In Athens, sales of buildings over the age of five increased by 6.9 percent. New house prices increased by 10.7 percent year on year.

Their rental rates have also increased. Real estate leasing in Greece has become quite popular, especially through online platforms such as Airbnb, HomeAway, FlipKey and HouseTrip. According to RE / MAX data, prices in homes near the Acropolis start at 1,400 euros per square meter.

In Thessaloniki, old estates are more in demand. Old home sales increased by 8 percent. In the new houses, only 3.1 percent increase was observed. Overall, there was a significant improvement in the market after a 46 percent decline in prices between 2008 and 2017.

Thessaloniki is the sixth most popular destination in Greece for visitors using the Airbnb platform, which featured 2,500 apartments in the northern port city in 2018, against just a few dozen in 2016, according to Thessaloniki-based chartered surveyor Agapi Xifilidou.

Source: ekathimerini.com

Sevdenur Demir / sevdenurdemir@realestatecoulisse.com

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