Price Drop in Premium Areas: Opportunities for Buyers
New Marble Areas: - 40.6% in Average Price
From: €638,000 → To: €379,301
Median: €280,000 (+3.7%)
What it means: Major correction in luxury properties. Opportunity to buy in a tourist area.
Kolokynthous: -15% Drop, -22.7% median price
Average price: €170,972
Price per sq.m.: €2,162/sq.m. (-12.8%)
Why now: Dramatic drop in developing market. Entry point for primary residence.
Metaxourgeio: -11.3% in a rising market
Center of Athens, Airbnb hotspot
-11.3% in a rising market
A' Kallithea: €221,290 (-3.4%) - 390 new listings, mature market
Tip: Combine low purchase price with high rent. Use Spitigkonzalez for rental yield analysis.
Luxury Buyer (Budget €300,000+)
Areas worth considering:
Nea Smyrni: €304,960 (-6%) - 580 new listings, many options
Ilioypoli: €359,437 (-5.5%) - Large apartments, family-oriented
New Marmara: €379,301 (-40.6%) - Opportunity to buy in seaside area
Areas to avoid (for now)
Nea Smyrni: - 6% but +17.7% listings
Problem: Oversupply (580 new), pressured prices
When to buy: When supply stabilizes
B' Kallithea: - 6.3% Price, -10% median price
Problem: Continuous downward trend
How to use data for profit
For Buyers:
Filter areas with -5% to -15% decline
Check the volume of new listings (high supply = lower prices)
Compare median vs average price (if median drops more = cheaper properties)
Negotiate with data in hand
For Sellers:
List now if your area has +5% to +12% growth
Wait if you see -5% to -15% decline (market not ready)
Price based on median, not average (more realistic)
For Investors:
Buy during dips >7%
Combine with rental yield data (only on Spitigkonzalez Premium)
Diversify across 2-3 areas (risk management)
The market is not the same for everyone nor for all areas. Those who buy with data have an advantage. Spitigkonzalez turns information into strategy, so you know when to enter, when to wait, and when to negotiate.
