Energy class of housing determines the price of real estate

In recent years, the real estate market has become increasingly sensitive to energy consumption class.

This is because European directives, Greek legislation and support programmes such as “Εξοικονομώ” have made energy class central element in assessing commercial real estate performance.

According to the latest SPI price index data, Athens and its suburbs have seen significant house price growth high energy class (minimum electricity consumption covered by renewable energy sources). In the southern suburbs of Athens, the highest average asking price for such homes is 4,636 euros per square meter, while the lowest is in the eastern suburbs, where The largest price increase from 2021 to date was noted – 52.4%.

In houses middle energy class (C, D, E) highest average asking price observed in the southern suburbs — 3,133 euros per square metre, and the lowest in the western suburbs, where the highest price increase compared to average energy class homes has also been observed since 2021 — 28.3%.

As for the purchase of low energy class housing (F, G) in Athens and its suburbs, the lowest average asking price – 1429 euros per square meter – was recorded in western suburbsand the most high – in the north, 2,514 euros per square metre. From 2021 to the present, there has been a high increase (29.9%) in the average asking price for energy-efficient housing in the western suburbs, while in terms of annual price change, there has been an increase of 11.1% in the eastern suburbs last year, as well as in the center of Athens for low energy houses.

IN Athens' southern suburbs have the highest average asking rent for high energy class homesi.e. A+, A, B+, B, reaches 15.3 euros per square meter, while the lowest is recorded in the western suburbs – 8.9 euros per square meter. An impressive 36.0% increase in the median asking price for renting energy-efficient homes in the southern suburbs between 2021 and 2024.

In houses middle energy class (C, D, E) the highest average rental price in the southern suburbs reaches 12.0 euros per square meter, while the lowest is in the western suburbs, 8.1 euros per square meter. The rise in rental prices for mid-energy class homes in the eastern districts of Athens is noteworthy, where prices have jumped by 28.2% from 2021 to the present.

IN the northern suburbs are the highest The average asking price for rent is €10.9 per square metre, while the western suburbs remain the most economical option at €8.0 per square metre. The eastern suburbs saw the largest increase in average asking prices for energy-efficient rentals, with an overall increase of 38.2% from 2021 to 2024. Specifically, the increase was 19.9% ​​in 2023–2024 alone.

IN The southern suburbs of Athens are home to more than 40% of high energy class homes, available for sale, followed by the northern suburbs and the city centre. Medium energy class housing is more evenly distributed in the southern, northern suburbs, etc. The city centre and its western and eastern suburbs have fewer offers. 50% of low energy homes are located in the centre of Athens, followed by the southern and western suburbs.

In 2024, more than 85% of houses with a high energy class (A+, A, B+, B) will be delivered in the northern and southern suburbs of Athens, as well as in the center. At the same time, the southern suburbs will own more than 40% of houses. In terms of the number of houses with an average energy class, the southern suburbs are in the lead, followed by the center of Athens. More than 40% of houses with a low energy class (F and G) are concentrated in the center of Athens.

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