Plots of land in Attica see prices recover after a decade of decline

Following the improvement seen in Greece's residential property market, plots of land have also started enjoying a price recovery, according to a survey by Geoaxis Property & Valuation Services.

Geoaxis data concerning the second quarter of the year show that plots in Attica have recorded their first yearly increase in prices since 2009. In certain areas of the capital, including Maroussi, Peristeri, Holargos, Palaio Faliro and Ambelokipi, prices grew by 2.27 percent on average from 2018.

The biggest annual increase was seen in the northern suburb of Maroussi, where the average rate came to 660 euros per square meter. Ambelokipi followed with an increase of 2.2 percent to 1,805 euros/sq.m., while in Holargos the rise reached 2.15 percent and the mean rate in Q2 2019 stood at 935 euros/sq.m.

In Palaio Faliro the average rate came to 1,190 euros/sq.m., up 1.7...