ΑΥΞΗΣΕΙΣ ΤΙΜΩΝ
- 30 Apr 2023
- economy
Price increases, but at two speeds, are shown by transactional activity regarding the purchase and sale of houses in Attica, the Argosaronic Islands and the Cyclades over the last two years, according to data from the Registry of Real Estate Transfer Values, a digital tool of the General Secretariat of Information Systems , edited by the TOPO GES technical office (in collaboration with RE/MAX Estate).
According to the most recent Housing Market Watch for 2022, buyers turned mainly to older properties - in some cases, buildings more than 50 years old and certainly not younger than 30 years. In all regions, purchased properties were sold at a significantly increased price (high double-digit increases compared to 2021).
More specifically, the areas of the Municipality of Athens (22%) and the islands of the Cyclades (21%) recorded the highest rates of increase in the number of sales. Increases are also noted in the Argosaronic islands (15%), in the areas of Western Attica (11%) and a milder increase in the areas of the Southern Suburbs.
However, during the same recording, a decrease in the number of sales was found in the Northern Suburbs (-8%) and Western Suburbs (-6%), in Eastern Attica (-15%), as well as in Piraeus (-12%) and its suburbs (-3%). Nevertheless, the total value of purchases and sales registered positive percentages in the majority of the areas examined by the said survey.
According to the research, the average property sold in 2022 in the Municipality of Athens was 53 years old and had an area of 69 sq.m. The average value in the area rose to 1,387 euros per sq.m. and 96,271 euros in total.
In the areas of the Southern Suburbs, the average age of the property was 42 years and the area 76 sq.m. The price of the average value per sq.m. were 1,496 euros and 113,306 euros in total. Regarding the Northern Suburbs, the age of the average property was 38 years and its area 101 sq.m. The average value of the average property in the areas of the Northern Suburbs was 1,705 euros per sq.m. and 171,849 euros in total.
In the Western Suburbs, the average property was 42 years old and had an area of 74 sq.m., the average value per sq.m. increased to 835 euros and a total of 61,926 euros. In 2022, in Eastern Attica, the age of the average property was 31 years and 99 sq.m. The price of the average value was 1,461 euros per sq.m. and 145,086 euros in total.
In Piraeus, the average property was 45 years old and 72 sq.m. area. The average value per sq.m. increased to 1,008 and a total of 72,443 euros.
The largest corresponding increase was recorded in the center of Piraeus (34%) and Northern Suburbs (25%). A slightly lower increase was noted in the Western Suburbs (21%) and in the Piraeus suburbs (20%). This percentage increased by 13% in the Municipality of Athens.
Among the most important increases was found in the area of Ag. Dimitriou (50%) and Palaio Faliro (41%) of the Southern Suburbs. From the areas of the Northern Suburbs, the average value per sq.m. in St. Paraskevi increased by 48%, in Vrilissia by 64% and in Filothei-Psychiko by 50%. The percentage in question registered the biggest drop in the region of Mandra-Idyllia (-25%).
The area
In the areas included in the Municipality of Athens, the area of the average residence in 2022 changed to a large extent compared to the previous year (4 sq.m.). One of the biggest fluctuations occurred in Glyfada, where buyers invested in homes smaller by 12 sq.m. Similarly, in the Northern Suburbs, Pefki and Marousi, the average property area decreased by 16 sq.m. and 20 sq.m., while it increased in Kifissia (21 sq.m.) and in Filothei-Psychiko (30 sq.m.). At the same time, an increase was also recorded in the areas of Acharno (22 sq.m.), Rafina (22 sq.m.) and Dionysos (16 sq.m.). However, a reduction of more than 10 sq.m. observed in the areas of Vari-Voulas-Vouliagmeni (17 sq.m.), Markopoulos (12 sq.m.) and in the center of Piraeus (13 sq.m.).
In the majority of areas the variations in terms of the difference in the age of the properties ranges from 0-5 years. In St. Dimitrios, the age of the properties sold in 2022 decreased by 6 years compared to those in 2021. Newer properties were also preferred in the areas of Lavreotiki (7 years), Megareo (10 years), Penteli (4 years) and Chalkidona (4 years). At the same time, older properties were transferred to the following areas: Lykovrisi-Pefki (5 years), Filothei-Psychiko (5 years), Metamorfosi (6 years), Markopoulo (6 years), Pallini (7 years), Elefsina (9 years).
