Athens new-build prices slow as buyers shift to period properties

New-build prices in Athens continue to rise, but the pace of growth is decelerating. Buyers are increasingly turning to older homes and renovated apartments as a more affordable alternative.

The reason is straightforward: new properties are becoming less accessible to the middle class. As prices for modern apartments climb beyond reach, purchasers are seeking alternatives in the secondary market.

This presents a promising signal for investors: demand for restored properties is growing, whilst prices remain lower than those for new-build developments. For those considering Athens, now may be the moment to examine period homes with renovation potential.

Source: GreekCityTimes Real Estate