Homes over 20 years old were purchased by seven out of ten buyers in 2022, according to an analysis of data collected from sales through a nationwide network of 81 RE/MAX Greece real estate offices. This trend is certainly related to the fact that the most ancient real estate sold at more affordable prices than new buildings.

Analyzing sales data, RE/MAX reports that 75% of properties sold nationwide in 2022 were residences (apartments, mansions and maisonettes), while land plots accounted for 19.5% of all sales. The remaining 5.2% concerned commercial real estate (offices, shops and warehouses). In Attica, 87.3% of properties sold were residential. Land plots occupied 7.5% of the total buy and selland 5.2% is commercial real estate.

In Thessaloniki, almost all properties sold (90.2%) are residential properties, 4.7% are land plots and 5.1% are commercial properties. In the rest of Greece (excluding Attica and Thessaloniki), residential buildings were in first place with 68.5%, while land took 26.3% of total sales, and commercial properties only 5.2%.

In terms of the age of properties purchased across the country, 73.6% were older homes over 20 years old. New buildings (up to five years old) reached 7.8%, and objects from 6 to 20 years old accounted for 18.6% of the total. In Attica, 80.3% of properties sold were over 20 years old, as opposed to newly built and new (under five years) which accounted for only 6% of total sales.

Only 6% of all purchases and sales in Attica concerned new buildings.

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 especially obvious, sales through the RE / MAX network were focused on even older properties, older than 30-35 years. years, in percentages exceeding 60%-70% (depending on the region). These properties also recorded the biggest losses in terms of their value, as a result of which they were also the most affordable for those who had the necessary liquidity to start buying a home.