Apartment rates show resilience

Asking prices for property sales and rental rates in Athens and Thessaloniki continue to rise, in the main, with just a few exceptions, according to a January survey carried out by online property ads platform Spitogatos.

Across the country the asking prices for properties grew 3.3% year-on-year last month, while asking rents were up 6.5% despite the pandemic. Only a handful of areas showed a considerable decline of more than 15%, the Spitogatos study showed.

"Asking prices and rents grew considerably across the country amid the pandemic - a phenomenon observed in about 80% of the zones in Attica and Thessaloniki - based on the data we have collected on our platform, but certain exceptions have also emerged, notably some areas of high demand near the center of Athens where rents are showing a decline," notes Spitogatos chief executive Dimitris Melachroinos.

"We...

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