Home rentals have acted as a "life jacket" for the Greek realty market during the last seven years of crisis, as financial asphyxiation has pressed those looking for residence to choose to rent than buy.
" Pole of destination" for potential tenants are apartments of 2 and 3 bedrooms, reasonably new or reconditioned, at rates beginning with an average of 300 euros and as much as an average of 600 euros. Of course, the preliminary listing rates minimize after the typical "deal", which can result in rent decreases from 5% to 15%.
As the inventory of unsold homes remains high, the interest depends on discovering property of little and medium value, thought about "bargains". According to Alpha Bank data on the development of house leas, it appears that, from the first quarter of 2012, when they began their fall, until the 4th quarter of 2015, a cumulative price decline of leas of 20.4% was taped.
" The market is moving, as it does, from leasings," states Spitogatos Network CEO, Dimitris Melachroinos. "Sales are historically low, considering that the evaluation for the variety of transactions in 2015 is 13,000, from about 150,000 in 2008. This is a reduction of over 90%, while costs have actually fallen approximately 45%." Ambitious occupants are highly selective when it comes to picking a location to look for an apartment or condo, while their choices on the kind of residence likewise vary. They reveal a clear choice to less expensive locations and medium sized, great quality houses.
The most popular locations for home search in the center of Athens, are generally the communities of Ampelokipoi, Pagkrati and Neos Kosmos, according to stats from home portal Spitogatos.gr. In the Eastern suburbs, top search locations consist of Artemida, Nea Makri and Gerakas, while at the Western suburban areas, the areas of Peristeri, Galatsi and Petroupoli are the most popular among aspiring tenants.
" The kinds of property hunters differ. There are those who see the general pulse of the market, the regular visitors trying to find the best chance without rush and those who are actively browsing and communicate day-to-day with the marketers."
500 to 800 euro
Newlyweds or families with children normally rely on leasings of medium sized and big apartments, with good construction and in locations far from the center, while the center is chosen by trainees and individuals living alone. To the north and south residential areas of Athens there is a choice for 3-bedroom houses (70-120 sq. m.), under 15 years and at prices around 500-800 euros, depending on the region, size and building. In Eastern Attica, potential tenants look for apartments of 60-80 square meters, while in Western Attica there is a preference for big apartments (100-120 sq. m.) as much as 600 euros. In locations popular for studios, trainees and 2-bedrooms are chosen (especially near the subway), offered they remain in excellent condition and at rates of 150-300 Euros.
The "ideal house" brings together economic characteristics (heating and maintenance) along with safety. In house searches through listings, heating with gas, good construction (of the last decade), aluminum frames, couple of shares and good view (3rd and 4th flooring are preferred), play an essential function. Preferred is also the presence of a fireplace, warehouse, parking position, while the energy certificate which is a need to in listings, is not a reason to turn down a home by the potential lessor.
To find out more : https://www.mygreekvacations.com/submit-a-property/