Only 23% of those available for sale real estate meets his requirements Program “My home” For interest rate subsidy buying a home by young people under the age of 39. According to the relevant analysis carried out Athens-Attica Realtors AssociationOf the 45,000 listings for homes posted by members, only 10,674 are for eligible properties, reflecting the difficulty faced by those interested in finding a home of their choice.

“Obviously, there is not enough stock available to cover demand, as we mentioned in our previous speeches. The government’s intention is legitimate and in the right direction, but it comes at the wrong time as there is very little supply and the simultaneous increase in demand under the program leads to a further increase in asking prices.” Lefteris Potamianos points to “K”.President of the Athenian-Attic Association of Realtors.

In terms of individual areas, Patisia is the most suitable area, as 72% of the real estate fund meets the relevant criteria. In particular, 374 suitable properties were identified, which certainly indicates a shortage of supply, since even in an area with a large number of properties, it ultimately does not exceed several hundred properties, while applications submitted by interested buyers are already more than double 10,000 beneficiaries under the My Home program.

Accordingly, 1384 objects, or 68% of the total, are located on the axis of Patissia and Acharna streets, 595 objects are located in Kypseli, which is 51% of the total, and 69 objects or 59% of the total inventory are located in the Agios Eleftherios area. During the study of the association, a suitable sample of houses was selected from all districts with an area of ​​75-100 sq.m. 1st floor and above, built before 2007, area up to 150 sq.m. and worth up to 200,000 euros, i.e. under the conditions set by the program.

Northern and southern suburbs

The “explosion” in demand has put pressure on property prices, according to the Athens-Attica Realtors Association.

Another clear element also pointed out by real estate officials is that there is very little suitable property in the northern and southern suburbs, or even in the theoretically “cheap” areas of the western suburbs. For example, there are only five properties in Lykovrisi, nine in Vrilisia, nine in Pefki and only seven in Papagu.

Accordingly, in popular areas such as Chalandri, their number does not exceed 47, in Agia Paraskevi 32, in Melissia 18 and in Marousi 54 objects. A similar picture is observed in several areas of the southern suburbs. For example, in Agios Dimitrios, the number of suitable objects is only 79, in Alimos 63 and in Argyroupoli 44, in Daphni 54 and in Ilioupoli 74.

Sudden price increase

Apart from the real estate shortage, the “explosion” in demand created by the program seems to have “opened up the appetite” of many owners. According to brokers’ reports, asking prices have skyrocketed, even in cases where there seemed to be an initial agreement to sell it, causing sales to be cancelled. Some owners have been discouraged by the increase in demand, even though they have agreed to sell their property. for 150,000 euros they are now asking up to 180,000 euros, precisely because of the program.

As the association said in a statement, “there are not enough houses for all potential buyers, and the problem began with the fact that the program was based on data from a private brokerage company, and not on data from a brokers association scientific group.”

According to Mr. Potamianos, the supply of houses for sale needs to be increased accordingly, either by selling more properties than those that have come under the control of the banks – they are estimated at about 10,000 – or through programs of public authorities to use vacant properties. belonging to the wider public sector.

DYPA does not “see” the deficit

DYPA is closely monitoring the data on the implementation of the My Home program and so far there is no shortage of real estate, the report said. State Employment Service, reporting that in almost a month, 25,934 applications have been submitted, 5,800 have already been assessed, 3,585 have been pre-approved and 716 have moved on to the next stage of loan approval as the property is found and the legal and technical review has begun. In terms of the geographical distribution of approved loans, 37% are in Attica, 22% in Central Macedonia, 8% in Thessaly and 6% in Western Greece. The average loan size is €106,307, with a total reserved amount of €76,116,144 for 716 loans, with 64% relating to couples. In fact, responding to the publications of the Association of Real Estate Agents of Athens – Attica, according to which only 14,899 properties meet the conditions in Attica, he points out that the program is nationwide and initially targets 10,000 beneficiaries throughout Greece.