At the highest level in the last 14 years, that is, from the beginning of the financial crisis until today, it is expected that this year buying and selling houses in the Greek market.

According to the current forecast of real estate professionals, the high demand for home purchases this year has been further enhanced by the “Sleep on us” program, which is expected to be attended by about 10,000 young people aged 25 and older. -39, but also buying interest from abroad.

According to the representatives of the Association of Realtors of Athens-Attica, the demand, manifested in the framework of the My Home program, which subsidizes the interest rate on a loan up to 75% and concerns real estate not younger than 15 years old, with an area of ​​150 sq.m. and worth up to 200,000 euros, is very high and exceeds the number of approximately 10,000 beneficiaries.

However, there are also difficulties, mainly in terms of finding those real estate objects that satisfy the needs of interested parties not only in terms of their characteristics (for example, area, condition, etc.), but also in terms of price.

Especially, price is an issuebecause the simultaneous manifestation of buying interest from thousands of interested parties gave impetus to several owners increase asking prices for your property, day by day, approaching the maximum allowable limit of 200,000 euros. This in turn it also makes it difficult to get the necessary loansas banks continue to apply strict credit criteria.

In addition, malfunctions are also observed technical nature. For example, banks ask stakeholders find a property first who want to get funding, and then apply accordinglyto start the loan process. In other words, they essentially work like a typical financed property purchase. On the other hand, several owners are asking interested parties secured loan pre-approvalbefore engaging in discussions about selling your apartment. Thus, problems are created that make it difficult to complete many transactions.

However, in addition to domestic buying interest, this year has also seen a significant increase in demand from abroad, led by non-EU investors who are interested in obtaining a residence permit under the Golden Visa program.