Consolidation in greater Athens property rates

The archetypal signs of a slowdown successful the complaint of summation successful values and stabilization – albeit astatine precocious prices – person been recorded successful the greater Athens country lodging market.

In this year’s yearly report, the Engel & Volkers Greece web of existent property agencies notes that “the Athens existent property market, going done the archetypal fractional of 2026, is going from a signifier of accelerated maturation to a play of strategic maturation. We are nary longer talking astir a marketplace that is recovering, but astir a marketplace that is becoming much selective, much demanding and, ultimately, much professional.”

Based connected the company’s data, which derives from existent purchases and sales, the mean merchantability terms (newly built and older properties) is present astatine a level greater than €3,000 per square meter. At the aforesaid time, successful high-demand areas, such arsenic Maroussi and Nea Smyrni, prices proceed to summation rapidly (12% and 13%, respectively) connected an yearly basis. However, successful different areas where ample increases were recorded successful the past, milder increases are observed, adjacent beneath 4-5%.

Another trend that Engel & Volkers highlights is the displacement toward smaller homes. As it emphasized, “while antecedently a household of 4 was looking for 120 sq.m., present it is turning to smaller apartments, but with a much functional layout successful bid to beryllium capable to header with the outgo of acquisition and maintenance.”

According to Giorgos Petras, CEO of Engel & Volkers Greece, “the planetary concern assemblage continues to amusement assurance successful the Greek economy, but the way successful which superior is invested has changed. Foreign organization and backstage investors are nary longer looking for ‘opportunities’ successful general, but are focusing precisely connected high-value-added properties. This convergence betwixt home and planetary request is present shaping a two-speed market. High-end properties present guarantee greater liquidity and superior appreciation, while properties that bash not conscionable modern standards are progressively uncovering it hard to pull interest.”

The astir costly areas proceed to beryllium Vouliagmeni, Glyfada, Psychiko, Filothei and Kolonaki, while the astir affordable see Agia Varvara, Menidi, Perama and Ano Liosia, according to the report.