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New Infrastructure Causes an Increase in Housing Prices in Piraeus

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New public trasport stations in the center of Piraeus. 

Three new metro stations in the city center of Piraeus, together with tram and electric railway stations (ISAP), expands the possibilities of communication between the largest port of Greece and the rest of the metropolis. The development will affect the housing market in the coming years, according to local real estate specialists.

Numbers. Data collected on behalf of Kathimerini by an online ad network Spitogatos.gr , show that the average asking price for the sale of houses in the center of Piraeus in the third quarter of this year was €1,630 per square meter, which is 22% more than two years ago (and 12% more than last year).

Market professionals note that this growth could have been much greater if the pandemic had not intervened. An important factor is that the new metro stations cover an area with substandard buildings in need of reconstruction, and the lack of high-quality new buildings that attract new residents.

Propreties for sale in Piraeus:
Apartment for 265 000 euro in Pireas, Greece
265 000 €
Apartment in Pireas, Greece
87 sq.m
Online Viewing Remote Transaction
A unique offer with a guaranteed yield of 4.75% per annum for 10 years! We offer a unique format for the purchase of a slot consisting of three apartments on the second and first floors and further full guaranteed rental support. It is ideal for an investment format with a residence permit, which is available for this object. The student...
Intermark Real Estate
Flat for 140 000 euro in Pireas, Greece
140 000 €
Flat in Pireas, Greece
52000 sq.m 2 1
Perea. Established business with regular customers, new, ready-made apartments for rent, in new houses. With an established clientele for 5 years. The first 3 apartments are on the same floor. Apartment 1 Area- 69.99 m 2 bedrooms and a living room-kitchen Storage room: 10 m Full euro renovation Gas heating and water Air...
Alisa Estejt
Flat for 166 000 euro in Pireas, Greece
166 000 €
Flat in Pireas, Greece
53 sq.m 3 2 1
Residence Online Viewing Remote Transaction
Offered for sale a beautiful two bedroom apartment located in Piraeus. If you are a person who likes the cozy coffees, the elegant restaurants, you definitely need to be in Piraeus. You can find a range of amazing places and you will have the chance to enjoy the nightlife. The apartment is a part of our project Piraeus Club Residences which will...
DKG Development
Flat for 175 000 euro in Pireas, Greece
175 000 €
Flat in Pireas, Greece
51 sq.m 3 2 1
Residence Online Viewing Remote Transaction
Offered for sale a beautiful two bedroom apartment located in Piraeus. If you are a person who likes the cozy coffees, the elegant restaurants, you definitely need to be in Piraeus. You can find a range of amazing places and you will have the chance to enjoy the nightlife. The apartment is a part of our project Piraeus Club Residences which will...
DKG Development
Flat for 180 000 euro in Pireas, Greece
180 000 €
Flat in Pireas, Greece
51 sq.m 3 2 1
Residence Online Viewing Remote Transaction
Offered for sale a beautiful two bedroom apartment located in Piraeus. If you are a person who likes the cozy coffees, the elegant restaurants, you definitely need to be in Piraeus. You can find a range of amazing places and you will have the chance to enjoy the nightlife. The apartment is a part of our project Piraeus Club Residences which will...
DKG Development

Source: Ekathimerini 
Photo by Karol Chomka on Unsplash

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High energy prices, inflation and international mobility are among the factors driving up prices.