One in Three Greek Houses is Vacant

greek real estateAccording to figures by the Hellenic Statistical Authority (ELSTAT), residences in Greece exceed 6.3 million, however only 65.7% of them are used.

Figures from the 2011 census show that residences in Greece amount to 6,384,353. Out of these, 6,371,901 are conventional residences that can be used (99.8%) while 12,452 (0.2%) are non-residential constructions (shacks, sheds, boats etc.)

ELSTAT reveals that 65.7% of residences are used and 34.3% are vacant. Among vacant houses, 729,964 (11.5%) are vacation homes, 621,881 (9.8%) are secondary residences, 453,901 (7.1%) are offered for rent, 355,071 (5.6%) are vacant for other reasons and 88,996 (1.4%) are offered for sale.

The majority of houses are located in the regions of Attica, Central Macedonia and the Peloponnese. A large portion of the residences (22.6%) were constructed between 1971 and 1980, while 44.7% are apartment buildings.

Furthermore, most residences are between 60 and 79 square meters (1,573,911 homes) and 80 and 99 square meters (1,494,508). Most residences (2,429,591) have three rooms, 60% have autonomous central heating and 17.5% non autonomous central heating.

Among European countries, Portugal (31.9 %), Malta (31.8%), Bulgaria (31.4%) and Cyprus (31.1%) also record high rates in vacant houses, while Poland (2.5%), the UK (3.6%) and Luxembourg (7.2%) record the lowest percentages.