A new landscape in the map of real estate sales prices was created by the rapid and asymmetric increase of commercial values, mainly in areas of Athens and secondarily in the rest of the country.
The increase in some cases of areas reached 100% and brought the market to pre-crisis levels. That fact must be taken into account. “
As mentioned, the specific research of the realdeal Academy of newdeal, which collaborates with the National and Kapodistrian University of Athens (EKPA) and in particular the Laboratory of Applications and Accounting Training, aims to help buyers and sellers of real estate to realistically calculate the commercial real estate values, presenting detailed tables.
At the same time, however, questions arise: Are these higher prices or will we see new, higher ones? Is the rise steady or is it a bubble? What is the cause of the rise phenomenon? According to the CEO of newdeal real estate group and founder of the Academy Christos Bleta in recent years there have been two crucial events that changed the character of the residential property. The short-term lease that gave the properties the added value of hotel accommodation and the fact that the property became the “investment tool” for obtaining residence permits from citizens of countries outside the Schengen area.
The importance of the overall picture of the economy and local developments in each neighborhood in setting pricesν
According to Mr. Bletas, we must also take into account the resumption of bank lending, rising inflation and the spike in real estate prices worldwide, amid a coronavirus. However, there are a number of currently unpredictable factors that affect the direction of prices and which are related to the evolution of the pandemic, the international economic environment and interest rate policies. An increase in the cost of money can slow down economic growth and lead to a “sharp drop in economies. But beyond the big picture of the economy there is also the microeconomy of each region which is influenced by a series of local developments such as infrastructure projects, transport, the existence of shopping centers, etc. And in this regard the monitoring of trends and prices he acquires special interest in finding the right investment opportunity “he adds.
The research shows that the highest prices in the Municipality of Athens are found in the areas: Kolonaki, Lycabettus, Exarchia, Koukaki, etc. In the rest of Attica we find the highest selling prices in the areas Vouliagmeni, Kato Voula, Glyfada Golf, Elliniko-Olympic Olympic. In Thessaloniki in the Center, 40 Churches, Analipsi etc.
Detailed prices by region in the following links:
– Municipality of Athens
– Rest of Attica
– Thessaloniki
The price research was done by the data analysis department of the realdeal Academy of newdeal, which collaborates with the National and Kapodistrian University of Athens (EKPA) and in particular the Laboratory of Applications and Accounting Training. The methodology followed is as follows: The study was done in apartments constitute the majority of buyers’ preferences. From 50 to 150 sq.m. and those located from the ground floor and above. A sufficient number of properties available for sale in each area was examined in order to extract reliable statistics. The properties are classified into three categories based on the year of construction. »
Category A: Old apartments built before 2000
Category 2: Construction apartments from 2000 to 2017
Category 3: Newly built from 2017 until today
The median value is extracted taking into account all values, without being affected by any extreme fluctuations that occur in each region.
As it is pointed out, each property is unique and its exact price is determined by valuation methods following the relevant protocols which include the parameter of supply and demand.
Follow Skai.gr on Google News
and be the first to know all the news
Skai
