REMOTE WORK INCREASES HOUSE PRICES
In U.S., remote work explains over one half of the 23.8 percent national house price increase since late 2019. An additional percentage point of remote work causes a 0.93 percent increase in house prices. Ηouse price growth over the pandemic reflected a change in fundamentals rather than a speculative bubble. Fiscal and
APARTMENT PRICES CONTINUED TO RISE IN Q1_2022
Y-O-Y change broken by area: Country + 8.6%, Athens + 9.7%, Thessaloniki + 8.3%, Major cities + 8.2%, Rest: + 6.4%. Y-O-Y change broken by age: New apartments + 10.3%, Old apartments + 7.4%. Price Index (Country level) reached 75.8 (2007 = 100).
THE POSITIVE PROSPECT OF THE GREEK REAL ESTATE MARKET IS MAINTAINED
Tourism, high investment interest, distance from the historically high prices, the main parameters that maintain the positive outlook of the Greek real estate market. The effects of the pandemic and the war in Ukraine are expected to be mitigated. You can find the full article here: ΤτΕ: Οι 3 λόγοι που
BANK OF GREECE: TABLES WITH RESIDENTIAL & COMMERCIAL PRICE INDICES 2007 – 2021
With 2007 as starting year (price index = 100), in 2015 the lowest price level (price index = 59). Continuous upward trend in the last 6 years, peak in the 4th quarter of 2021 (price index = 73.7 - provisional data). +9% price increase in 2021. Big distance (+35,7%) to the complete return
WHAT WILL HAPPEN TO THE HOUSING MARKET IN GREECE IN 2022
Offer of new and modern houses by developers, offer of older houses through auctions, increase of liquidity through mortgage loans by the banks, favorable tax regulations (VAT suspension, parental financial donation free of tax, rationalization of unified property ownership tax). Uncertainty from the course of the war in Ukraine. The real estate
WHICH PROPERTIES DO BUYERS IN ATHENS PREFER TODAY AND HOW MUCH DO THEY PAY FOR THEM
Data from the transfer register of the General Secretariat of Information Systems. An increase of 23.9% in property transfers in 2021 compared to 2020. The average price increased by 16%. In old properties up to 75 sq.m. the highest demand.
HOW PROPERTY PRICES ARE SHAPED TODAY
Detailed price tables for almost all areas of the Municipality of Athens, Thessaloniki and the rest of Attica. An interesting research from the real estate Academy of newdeal, in collaboration with the University of Athens. A really very useful guide for buyers, sellers, investors, developers.