The Most Expensive and Cheapest Areas in Greece to Buy Property
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Loading... - Rozalia Vince
- 16 Sep 2022
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The price of properties in Greece has increased to unprecedented levels in 2022 with the Athens Riviera and the Cyclades leading the post-COVID recovery of the real estate market.
According to Spitogatos the leading app used in Greece to search for real estate, the southern suburbs of Athens are the most expensive areas to buy property.
The average price along the Athens Riviera, the shoreline along the Saronic Gulf just outside the Greek capital city, is 3,067 euros per square meter, an increase of 10.9 percent compared to the same period in 2021.
Hellinikon development drives the price of properties at Athens Riviera
The massive redevelopment of Athens’ former airport, Hellinikon, has already resulted in a great deal of interest in real estate.
“The development of real estate in Hellinikon, which is considered the largest urban regeneration project in Europe, will have a significant impact on the real estate market, especially in the southern suburbs of Athens, further raising prices for both rental and buying real estate,” Ana Vukovic, the Managing Director for Collier’s Greece, told Greek Reporter recently.
The demand for properties in the Athens Riviera has also driven prices in neighboring Pireaus, where there has been an increase of 11.9 percent. Prices in the center of Thessaloniki have risen by 11.7 percent. Read More...
