Homes over 20 years old were purchased by seven in 10 buyers in 2022, according to an analysis of data from nationwide sales. 81 real estate agencies RE/MAX Greece. This trend is certainly due to the fact that older properties are also being sold at more affordable prices compared to newer ones. real estate.

Analyzing sales data, RE/MAX reports that 75% of properties sold nationwide in 2022 were residential (apartments, single-family homes and maisonettes), with land accounting for 19.5% of all sales. The remaining 5.2% concerned commercial real estate (offices, shops and warehouses).

IN Attica87.3% of properties sold were residential. Land plots accounted for 7.5% of all sales, while 5.2% were commercial properties.

IN Thessaloniki, almost all sold objects (90.2% share) are residential real estate, 4.7% land plots and 5.1% commercial real estate. In the rest of Greece (excluding Attica and Thessaloniki), residential property was in first place with 68.5%, while land took 26.3% of total sales and commercial property only 5.2%.

As for the age of the acquired real estate, in the whole country 73.6% relate to old housing over 20 years old. New buildings (up to five years old) reached 7.8%, and properties from 6 to 20 years old accounted for 18.6% of the total. five years), which covered only 6% of total sales. This is indicative of higher prices compared to the rest of the country as more buyers preferred older properties.

The same trend is reflected in the sales that took place in Thessaloniki, with the highest percentage of preference being for properties over 20 years old at 74.1%, while on the opposite side are newly constructed buildings under five years old that have moved. almost at the same level as in 2021 (6%), accounting for 7.8% of total sales. In the regions of the rest of Greece, 71.7% of buyers preferred old houses (over 20 years old) and 9.1% – houses from 16 to 20 years old. New buildings under the age of five years were chosen by 8.3% of buyers, which is almost close to the level of 2020 (7%).

It is worth noting that a few years ago, when the real estate market had not yet recovered and the consequences of the crisis were still particularly pronounced, sales through the RE / MAX network were focused on even older properties, over 30 years old. 35 years, in percentages exceeding 60-70% (depending on the region). These properties have also recorded the biggest losses in terms of their value, making them also the most affordable for those with the necessary liquidity to start buying a home.