The TOPO GES IKE Residential Market Observatory for Attica reported increases in total sales value of up to 143% and average property prices of up to 47% in the first half of the year.
More specifically, the operation of the Metro undoubtedly played a role in the region of Piraeus experiencing the largest increase in sales (65%) between the first half of this year and the corresponding period last year. The total value of purchases and sales in the capital's port increased by 143% during this time, and the average property's price increased by 47% as well.
Sales increased by 19%, total value by 65%, and average property price by 39% in the southern suburbs (compared to 2021, average property price increased by 43%).
In the Athens municipality, the typical home sold in the first half of 2023 cost 16% more than it did in 2022 and 34% more than it did in 2021. Sales were up 15% and were worth 34% more overall.
The average price of a property sold in the northern suburbs increased by 2%, sales increased by 18%, and their overall value increased by 21%.
The average property cost 20% more in the western suburbs, sales rose by 18%, and the overall value increased by 42%. The corresponding percentages are 18%, 28%, and 52% for eastern Attica, 42%, 11%, and 59% for western Attica, and 7%, 22%, and 30% for Piraeus's suburbs.
The situation in the Saronic islands is different; there, the average property price fell by 25%, sales dropped by 7%, and the islands' overall value dropped by 20%. The Cyclades also showed a negative trend at 14%, 7%, and 21%, respectively.