Buyers of real estate in Greece have many opportunities to bargain. The statistics confirm it.

December 12 real estate news in Greece . Market research has revealed a significant difference between the initial housing prices and the actual transaction amounts, providing unique trading prospects.

On average, the price gap ranges from 15% to 25%, which creates a favorable situation for future owners. Lefteris Potamianos, President of the Association of Realtors of Athens-Attica, notes: "Indeed, we find that on average there is a 15-20% discrepancy between the price that can be seen in the ad and the one at which the transaction will eventually be completed."

Experts emphasize that problems arise, especially when selling old apartments that are close in price to newly built facilities in the same area. Panos Charalambopoulos, head of the real estate valuation company Solum and a member of the Advisory Board of RICS Greece, emphasizes: "The problem arises when the asking price of old apartments – for example, 30-40 years old - is very close to the prices of newly built real estate in the same area."

In such cases, which have become the general rule in today's market, owners are forced to make significant concessions to complete transactions.

There are plenty of examples of price discrepancies and the real value of assets. Recently, an old apartment in the Kolonaki district of Athens was sold for €900,000, at an initial price of €1.2 million, which means a 25% revaluation. This apartment also needed a major renovation, but the seller included the cost of the work in the asking price, although the renovation was never completed.

Apartments with high demands are being sold in the northern and southern suburbs of Athens. For example, for a 35-year-old apartment in Maroussi, they ask for € 350,000, although, according to the photos, it is advertised as renovated, in fact, it is only painted.

This data opens up unique opportunities for future buyers, inviting them to thoroughly explore the market, consult with local agents and boldly offer their prices. Now is a great time for those who want to buy property in Greece, taking advantage of the prospects for lower prices and a ready market for successful bidding.

This statistic becomes a clear signal for tourists who are in love with the beauty of Greece that the possibility of acquiring their own corner in this country has become more real.