Data compiled on behalf of Kathimerini by the online classifieds network Spitogatos.gr show the average asking price for the sale of homes in the center of Piraeus during this year’s third quarter amounted to 1,630 euros per square meter, up 22% from two years ago (and 12% more than last year).
Market executives point out that this rise could have been much greater if the pandemic had not intervened. Another important factor is that the new metro stations cover an area with low-quality building stock in need of upgrading, and a lack of quality new developments that will attract new residents.