Small is better for urban flats

More and much spot developers are turning to the operation of smaller-sized homes, adapting to the caller marketplace reality.

According to information from survey by ReDataset of the Resolute – CEPAL group, smaller properties grounds a greater summation successful income terms compared to larger ones, while the mean terms per square metre is besides higher. At the aforesaid time, they are perfect choices for investors, Greeks and foreigners, who wish to participate the lodging marketplace with the purpose of exploitation.

Αccording to ReDataset data, successful 2025 the income prices of smaller properties accrued astatine a faster rate. In the halfway of Athens, one-bedroom flats (25-40 sq.m.) recorded a 4.2% summation successful income price, compared to 3% for two-bedroom apartments and 2.7% for adjacent larger homes. The wide summation was 3.4%. The mean income terms was €1,876/sq.m. for smaller properties, compared to €1,810/sq.m., which was the mean terms successful the full center.

A akin representation is observed successful different areas of Attica, arsenic well arsenic successful Thessaloniki, where there are a important fig of smaller homes and precocious demand. For example, successful Athens’ western suburbs, the mean income terms past year amounted to €1,685/sq.m, up by 2.9% year-on-year, while passim Attica the mean terms did not transcend €1,606/sq.m. and the corresponding summation was 2.1%.

Analysts enactment that the acceleration successful the complaint of terms summation for smaller properties is explained by the accrued request owed to the fiscal difficulties of ever much funny parties and the summation successful single-person households. Smaller houses are besides much affordable, arsenic a effect they are preferred by much and much people, a illustration of the caller economical information show. 

In its caller report, the Bank of Greece noted that “the precocious grade of urbanization and the demographic changes recorded successful the erstwhile decennary explicate portion of the accrued request for housing, particularly successful ample municipality centers.” It added that while the colonisation is shrinking, the fig of single-person households is increasing.