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New data in houses and apartments bring or coronavirus but also expansion Work from home, changing your preferences tenants but also of the candidates buyers.
The biggest houses in the suburbs, the apartments with separate spaces that can be isolated but also properties with a patio or garden are the big winners of the new regularity.
On the other hand, small houses in city centers, which “earned points” for being within walking distance of many activities and workplaces, are losing popularity, at least until the effects of the pandemic stop. completely, while those who are lost are also lost. houses rented through Airbnb.
As reported in CNN Greece executives with knowledge of the real estate market, what we are experiencing is a change worldwide and not only in Greece. And although the immediate effects of the coronavirus can be stopped relatively soon, the changes it causes will follow us for years. A typical example is the consolidation of remote work, since many companies will adopt it permanently, at least for a part of their workforce.
This means that the houses in the suburbs will be clearly more popular, since its great disadvantage, the distance from the center disappears for those who work from home. Thus, with the same money, those interested can usually rent larger houses and have the comfort of lower roads.
A typical example of Athens is the Mediterranean, since, as reported in CNN Greece the Lady Nautical Boccus, Real Estate Services Consultant, areas such as Gerakas, Anthousa and Pallini are already registering greater interest, which is expected to turn into sales or rentals with the end of the closure and return to normal.
But even in the homes themselves there are changes in the preferences of buyers and renters. The logic of the “open plan”, that is, large open spaces, such as living rooms and dining rooms, loses ground. In contrast, houses and apartments with separate areas are becoming increasingly popular, where residents can be isolated to work, attend classes and generally carry out activities remotely and quietly.
In addition, houses with a patio or garden as well as those located in residential complexes with large common areas “earn points” in the preferences of the interested parties, since they offer opportunities for activities outside the home without limiting their occupants to four walls.
Interest in the waterfront
At the same time, interest in the Attica waterfront remains intense, especially in light of new development projects, Elliniko being a typical example. In these cases we are talking about clearly higher portfolios, since especially the houses with sea views have received the least pressure in terms of prices. In fact, the interest also comes from abroad, since it is estimated that executives of companies that can work remotely will prefer to stay in countries like Greece. The development of the waterfront has beneficial consequences in neighboring areas. A typical example, according to Ms Boktou, is Kallithea, which is experiencing significant growth as it is relatively close to the beach and the Stavros Niarchos Foundation, even when it offers purchase or rental opportunities at very reasonable prices.
Pressure in the center by Airbnb
On the other hand, the correction is recorded in property prices in many areas of central Athens, with the typical example of Koukaki, as due to Airbnb it had skyrocketed in recent years. The effects of the coronavirus on tourism “hit” the apartments that operated like Airbnb, with the result that prices returned to more reasonable levels, without in any case being considered cheap. According to executives in the real estate market, what will happen in this case remains a “puzzle”, since it remains to be seen when and to what extent the sharing economy will return and arrivals through Airbnb will again cover the existing offer.
