What home can you buy with 100,000 eu­ros?

Kathimerini English - - Focus - NIKOS ROUSSANOGLOU

The ma­jor­ity of transactions in the homes mar­ket over the last few months barely come to 100,000 eu­ros, with the ex­cep­tion of forced sales for the set­tle­ment of debts or sales un­der the threat of con­fis­ca­tion where prices are sym­bolic.

Prop­erty mar­ket pro­fes­sion­als say that a sum of 100,000 eu­ros is enough to find a good qual­ity and spa­cious prop­erty in sev­eral ar­eas of At­tica, some­thing that was in­con­ceiv­able up un­til re­cently.

Given that over 80 per­cent of home transactions are made in cash due to the lack of bank credit, there are very few buy­ers who can reach a six-digit fig­ure.

The vice-pres­i­dent of the Athens-At­tica Es­tate Agents As­so­ci­a­tion Lef­teris Po­tami­anos tells Kathimerini that 100,000 eu­ros is enough for any­one to ac­quire a house that is more than ad­e­quate for a typ­i­cal fam­ily, pro­vided it is not newly built. “The lower the floor the smaller the price will be. One may choose an apart­ment with a greater sur­face on a lower floor or a smaller flat on a higher floor,” says Po­tami­anos.

In any case, a 100,000-euro bud­get will do for a 15- to 20-year-old flat with a sur­face area of be­tween 60 and 120 square me­ters in al­most ev­ery part of At­tica. In most ar­eas one can buy a 7090 sq.m. apart­ment that is enough to cover the needs of a fam­ily, which was not pos­si­ble be­fore the out­break of the cri­sis.

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