The real estate market comes back dynamically, with plots gaining a central role in the design and implementation of investment projects.

Where the shops of land in five areas of Athens range

According to the Attica Observatory for Attica by Geoaxis Property & Valuatios Services, the positive sign and the increase in values ​​of plots in 2025 are consolidated, as in all five study areas in the basin, there is a seventh consecutive increase in possible sales prices. The increase was measured on average at 5.60% compared to 2024 and 15.06% compared to 2023, revealing the dynamics of the market. In the decade, the values ​​of the plots are at the highest point as an average increase of 40.25%is recorded.

Medium -term tendency

According to Geoaxis, the rise of values ​​of plots to Attica Where the research focuses, it is expected to continue for the next 12 months, but with less intensity, perhaps prejudice to the climax of the cycle. Under no circumstances does the market experience bubble conditions as the imbalance of supply and demand for newly built apartments maintains the demand for land, and therefore building activity.

Big bets They are the possible redefinition of the rates of consideration and the time of recovery in the values ​​of the northern suburbs. The restriction of NOK benefits does not favor contractors and end users, although we consider it to restore the smoothness to the chain of building activity.

2016-2025 decade

Particularly important are the results of the deeper analysis time we proceeded between 2016 and 2025. From the processing of the data it seems that unlike other real estate categories, plots show a remarkable stability in both the decline phase and the rise phase. The tendency of 10 years clearly shows that we are in the upward phase of the cycle, perhaps near a new climax. The values ​​of the plots are at the highest level of the decade after an increase in demanded sales prices in an average of 40.25% compared to 2016 for five local markets. The largest increase in the requested prices (46.02%) recorded plots with SD. 3.6 in the Municipality of Athens, Ambelokipi area, and the smallest increase in plots with SD. 1.8 in Peristeri (35.43%).

More specifically, the evolution of housing prices per square meter (euro/sqm) to six areas of Attica for the period 2016-2025:

  • Ampelokipoi: The price increased from 1,784 euros/sqm. In 2016 in 2,605 euros/sqm. in 2025, marking the largest increase between areas.
  • Marousi: from 650 euros/sqm. In 2016, the price reaches 935 euros/sqm. in 2025, with milder rise rates.
  • Paleo Faliro: from 1,188 euros/sqm. In 2016, prices reach 1,621 euros/sqm. in 2025, with a steady increasing voltage.
  • Peristeri: Prices start from 714 euros/sqm. in 2016 and reach 967 euros/sqm. in 2025, also showing a mild but steady increase.
  • Cholargos: from 929 euros/sqm. In 2016, prices reach 1,296 euros/sqm. in 2025.

The building coefficient (SD) of each region, higher in Ampelokipi (3.6) and lower in Marousi (0.8). Increases in sales prices reflect increasing demand and changes in the real estate market by region.

Research conclusions 2025 – Comparison of values ​​with 2024

Between the 2nd quarter of 2025 and the 2nd quarter of 2024 there is an increase in the interstitial demand for land selling prices on an average of 5.60% for the five local markets we are watching. The largest increase (7.22%) is observed on plots with SD. 1.2 in Holargos, with the median possible sale price in the 2nd quarter of 2025 stood at 1,296 euros/sqm, from 1,209 euros/sqm. last year.

Following is the area of ​​Ampelokipi of the Municipality of Athens with the plots with SD. 3.6 record an increase of 6.09% (to EUR 2,605/sqm, from EUR 2,455/sqm). The following are the area of ​​Peristeri where plots with SD. 1.8 recorded 6.07% (at 967 euros/sqm from 912 euros/sqm) and Paleo Faliro where plots with SD. 1.4 recorded 4.77% (to EUR 1,621/sqm from EUR 1,547/sqm). Finally, the area of ​​Maroussi with plots with SD seem to increase. 0.8 increase 3.91% (to 935 euros/sqm from 900 euros/sqm).

All the values ​​mentioned in the Observatory are intericw all and relate to absolutely formal plots. It is obvious that plots with special features in terms of location, viewing, views and surfaces, are at the upper limit of the sample, with values ​​of up to 25% higher.

Inte median land surfaces for sale

Peristeri (204 sqm) and Ampelokipoi (209 sqm) record smaller plots compared to Holargos (405 sqm), Paleo Faliro (380 sqm) and Marousi (337 sqm). It is obvious that unstoppable surface plots of one acre are now difficult to find, while in most cases these plots have old houses or other constructions inside.

As Geoaxis states, the CoE with its decisions has tightened the implementation of the NOK, raising serious legal issues that focus on the real environmental footprint and not just on the arithmetic restrictions to change philosophy in design and compatibility with urban planning tools (TS). The impact on the building and real estate industry in general cause uncertainty on individuals, engineers, manufacturers and institutional investors, especially in high -value areas (eg Athens, tourist areas), where the building bonus determines the performance of an investment.

However, the cycle of high building activity that opened after 2018 continues, although with a decreasing intensity, as the demand for unstructured land and/or land with old buildings for the construction of newly built apartments is blossoming. Basic causes that feed existing demand can be sought:

• In the accumulated housing requests that were not satisfied due to the financial crisis in the last fifteen years,

• In the immediate disposal of capital (high liquidity) alongside the existence of undeclared income from the middle class,

• In the new reality for homework work,

• In the quality and technological depreciation of a large number of constructions before 1980,

• In the integration of apartments into investment products,

• the ability to achieve yields through short -term lease, and

• At the disposal for investment risk spread through real estate.

At the same time, the negotiation between contractors and land owners is becoming tougher, as the increase in apartment selling prices is offset by increasing the cost of construction and funding. Today an average borrowing rate is in the range of 5-5.5%.

According to ELSTAT, the cost of raw materials for new constructions is reflected in the prices of new buildings. The average index of April 2024 – March 2025, compared to the corresponding index of April 2023 – March 2024, increased 5.1%, compared to a 6.6% increase in comparison of the corresponding previous twelfths.

Basic stages of growth, dominant trends and new data on land values ​​and construction challenges

However, the implementation of an investment plan in the real estate industry requires planning, technical competence and business organization. From the purchase of the plot to its final exploitation, each stage is judged by accuracy to design and the ability to execute. For the investor, proper management of the process is crucial to the project performance.

In particular, as noted by the construction company COMPETITION, the Structure of a modern investment project in the real estate sector now follows five basic stages:

  1. Investment Plan Analysis & Architectural Design. The first phase includes the strategic approach: Analysis of the plot of the plot, market study, architectural solutions that respond to the needs of the property.
  2. Licensing & Preparation of the site. From licenses and approvals to the location of a contractor, experience and good handling of the bureaucratic framework is required.
  3. Construction based on strict quality specifications. The project must be implemented on the basis of certified materials, with time stability and continuous quality control.
  4. Delivery with complete technical & commercial documentation. When the project is completed, the key is not simply delivered. Folders, technical identities, guarantees, digital documentation and complete picture of future management are delivered.
  5. Support in the return on investment. The final stage includes counseling and support for the use of the property: from renting or selling to commercial exploitation scenarios.

Five practical tips

Based on the experience of the industry, as well as elements presented by the company COMPETITION, which has a wide portfolio of residential buildings, business areas and hotel and tourist accommodation, investors who choose to “build” on a fixed basis should emphasize the following:

  • Clear cost from the beginning. Locked costs for each phase, without deviations and surprises, is a key prerequisite for sustainable investment.
  • Immediate mobilization of site. Time is money. The existence of a ready -made network of workshops and suppliers is critical for adhering to the timetable.
  • Payments based on confirmed progress. Gradual payments corresponding to certified stages of work enhance transparency and reduce investment risk.
  • Quality of materials with certifications. From the frames to the pipes, the materials must have technical specifications that are documented. It’s not cost – it’s an investment.
  • 360 ° Management and performance scenarios. A good company is not just a contractor, but a partner. Provides utilization scenarios, counseling and strategic support to the end.