Calamos Supports Greece
GreekReporter.comGreek NewsEconomyHouse Buyer's Profile in Greece

House Buyer's Profile in Greece

real-house1House buyers in Greece today are mostly people with families, aged 30 to 55, and the vast majority pay in cash, according to the findings of a survey on the ‘Profile of today’s house buyers’ presented on Thursday by the Union of Real Estate Agents and Certified Surveyors of Greece. A sizeable minority, or 28 pct, are foreign nationals.
The survey was unveiled at a press conference held to present the first cooperative for ‘Coordinated Management of Remote and Sparsely Distributed Properties’ by businesses operating throughout Greece, with the coordination and support of the Hellenic Confederation of Professionals, Merchants and Craftsment (GSEVEE).
Based on real transactions carried out in the first five months of 2014 in 11 regions of Greece, the survey found that 84 pct of transactions carried out since the start of the year were settled in cash, without a bank loan. Two-thirds of house buyers were married and were aged 30 to 55, while one-quarter were above the age of 55. Most were prepared to spend up to 110,000 euros to buy an older apartment. Nearly two-thirds, or 59 pct, were graduates and 28 pct were foreign nationals, of whom half were EU nationals.
The survey also showed a rising trend in holiday home purchases (17 pct of the total). In the southern Aegean, for example, all the buyers were European nationals.
Three-quarters (77 pct) of homes bought were older apartments and 23 pct were up to seven years old.
Based on real purchase prices, the survey found that the older apartments had lost roughly 38 pct of their value since 2009 when the economic crisis began. The price for the average newly built property bought in 2014 was around 130,000 euros, down from 200,000 euros (34 pct less) in 2009.
(source: ana-mpa)

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts