The era of high rates of consideration real estate It seems to be approaching its end, as the new regulatory framework and the abolition of building bonuses through the CoE redefine the landscape in urban renewals.
At the same time, at the level of the decade (2016-2025), the average increase in plot prices is 40.25%. The largest increase in the real estate market with 46% is recorded by the Ambelokipi region.
From the ultra -peer to reservation
Today, contracting agreements are treated more cautiously, as yields are squeezed and the terms of consideration change. It is estimated that compensation rates are down by 4% – 5%, while in some cases the minimum levels are approaching.
In Paleo Faliro, where the rate of consideration was up to 56%, new agreements are made with terms of 33% – 40%. In Ampelokipi, 40%will probably drop to 32% – 35%, while in Maroussi, which traditionally moved around 43%, contracting valuations “land” at 38%.
This change is not only arithmetic – it is also qualitative. Manufacturers are called upon to balance between performance and social pressure for projects with added value. At this point the model of social consideration comes back: the scenario in which a percentage of the new construction is intended for social housing, school infrastructure, nurseries or even energy communities.
Precision on the plot – double pressure on land and consideration
At the same time, the cost of acquiring land continues its upward trend. According to the latest survey by Geoaxis, the average plot price in Attica has increased by 40.25% from 2016 to 2025.
The champion in accuracy is the Ambelokipi area, with prices increase of 1,784 euros/sqm. at 2,605 euros/sqm, ie 46% within a decade. The geographical proximity to the center and the presence of infrastructure continue to attract investors, despite the difficulties in construction.
Following is Paleo Faliro, with a more steady increase of 36.5% – from € 1,225/sqm. at 1,673 euros/sqm. – Maintaining the image of a seaside area of high quality of life and timeless demand.
In Maroussi, the increase of 34.4% (from € 1,761/sqm to EUR 2,367/sqm) makes it an attractive investment option for those who want a dynamic area but without the “premium” features of the center.
In Holargos and Peristeri, there is an almost identical increase in 381 euros/sqm, with Holargos reinforced due to proximity to the subway and residential stability, and Peristeri emerging as a new alternative for those looking for more affordable housing within the urban tissue.
Pressure Building – Cost is climbing
The upward trend of land prices is combined with increased construction costs, further compressing the contractors’ profit margins. The material price index for new buildings, according to ELSTAT, recorded a 5.1% increase in the last year, while lending rates remain high (5% – 5.5%), raising capital costs for new projects.
However, demand does not recede. The need for housing, the energy depreciation of the old stock and the return of real estate as an investment tool continue to supply building activity – even slower.