The cheapest and most expensive areas in Athens and Thessaloniki

A strong rise has been recorded in both sale and rental prices of real estate The requested sale and rental prices of real estate in the first quarter of the year.

The areas with the largest increases in the average asking price during the first quarter of 2022 compared to the same period last year, are Neo Faliro (27.6%), the area of ​​Kaminia-Palea Kokkinia (18.2%), Ilisia (16.9%) and the areas of Vrilissia (16.6%) and Sepolia-Lofos Skouze (16%).

The areas with the largest increase in average rental prices are again located outside the large city centers, underlining the decentralization trend observed in recent years due to the pandemic. Characteristically, the largest increase in the average requested rental price is found in Acharnes (17.8%), Filothei (17.7%), Neo Psychiko (16.9%), Nea Makri (16.8%) and Artemida (16.5%).

Regarding the reductions in the average asking selling price, these are recorded in areas of Piraeus such as Perama (-8.5%) but also in Eastern Attica such as Paiania (-3.6%). Respectively, the largest reductions in the average requested rental prices are found in Koropi (-4.3%) and Attiki (-3%).

During January-February-March 2022, prices in the southern suburbs increased by 10% with the average price for homes for sale reaching 2,977 euros per square meter.

An increase of 11.10% was recorded in real estate prices in Piraeus, which amounted to 1,667 euros per square meter.

Quite remarkable is the 7% increase in property prices in the northern suburbs of Attica, where in the first quarter of the year (compared to the corresponding quarter of 2021) house sales prices increased to 2,542 euros per square meter from 2,375 euros per square meter that was last year.

The sale prices of houses in the western suburbs also increased by 7.10%, with prices climbing to 1,472 euros per square meter from 1,375 euros per square meter last year, the corresponding period.

Real estate prices increased by 7.10% in the period January-February-March 2022, in the center of Athens, which according to market experts, it remains one of the most popular choices of prospective buyers.

The selling prices of houses in the center of Athens reached 1,667 euros per square meter from 1,556 euros per square meter last year in the corresponding quarter.

In the prefecture of Thessaloniki, prices increased by 9.5%, with the price per square meter reaching 1,676 euros from 1,531 euros per square meter in the previous period.

In terms of rents, the champion of the increases in the first quarter of 2022 are the eastern suburbs with an increase of 17.20% and prices of 7.50 euros per square meter.

Real estate prices in the southern suburbs increased by 13.6% and amounted to 10 euros per square meter.

A minor increase (3.90%) was recorded in rental prices in the southern suburbs, with the price per square meter amounting to 10.39 euros per square meter.

The most expensive and economical areas for buying and renting a house in Athens

The most expensive areas for buying and renting a house in Athens during the first quarter of 2022 are located mainly in the Southern Suburbs and in parts of the center of Athens, which is extremely popular for renting and selling.

More specifically, the most expensive areas for buying a house are, among others, Vouliagmeni (5,445 euros per square meter) and Voula (4,000 euros per square meter), the area of ​​Kolonaki and Lycabettus (3,979 euros per square meter), Filothei (3,846 euros per square meter), Glyfada (3750 euros per square meter), Paleo Psychiko (3,750 euros per square meter), Alimos (3,735 euros per square meter) and Elliniko (3,594 euros per square meter).

The most economical areas for buying a house in the first quarter of 2022 are Agia Varvara (1,036 euros per square meter), Keratsini (1,089 euros per square meter), and the area Tambouria-Agia Sofia in Piraeus (1,090 euros per square meter), follwoed by Patisia and Kaminia-Palea Kokkinia (1,140 and 1,182 euros per square meter respectively).

In terms of renting a house, the historic center, Vouliagmeni, the area of ​​Kolonaki and Lycabettus, Paleo Psychiko, Neo Psychiko, and Filothei are among the most expensive areas of Attica, while in the list of areas where the most expensive rents are located, Elliniko is also included.

Quite interesting is the fact that one can rent a house for the same price in Nea Makri and Nikaia.

Thessaloniki: The most expensive and economical areas for buying and renting a house

In Thessaloniki, the most expensive areas for buying a home in the first quarter of 2022 were, among others, Kalamaria (2,169 euros per square meter), the center (1,896 euros per square meter) and Panorama (1,739 euros per square meter), the Analipsi-Botsari area -Nea Paralia (1,761 euros per square meter), Pylea (2,086 euros per square meter), Toumba (1,750 euros per square meter) and Charilaou (1,711 euros per square meter).

Regarding the housing market, the most economical areas include, among others, Kallithea and Chalkidona (625 euros per square meter), Agios Athanasios (714 euros per square meter), Langadas (794 euros per square meter), Migdonia (833 euros per square meter) and Koufalia (800 euros per square meter).

In terms of renting a house, the most expensive areas were, in addition to the city center, Pylaia, Analipsi – Botsari – Nea Paralia, Ano Poli, and the areas Voulgari – Depo – Martiou and Vardaris – Lachanokipoi.

Chortiatis, Oreokastro, the Municipality of Mikra, Polichni and Sykies are within in the most economical areas for renting a house.

published by capital.gr