REMAX survey: three out of four buy old houses

Residential properties over 20 years old are the first choices of property buyers. Why they are turning their backs on new builds. The picture in Attica, Thessaloniki and the rest of Greece.

REMAX survey: three out of four buy old houses

This article is an AI translation of an original piece published in Greek. Read original

More than seven out of ten homebuyers in Greece choose residential properties, and three out of four are over the age of 20.

These figures were compiled by REMAX Hellas, the country’s largest real estate network, based on thousands of completed property transactions carried out last year by its 90 offices nationwide.

According to the REMAX Hellas network, with more than 1,200 real estate agents, of all sales completed in 2025 in our country, 74.8% involved residential properties, 14.3% involved plots of land, 5.8% involved agricultural land, and 5.1% involved commercial properties.

This fact confirms buyers’ clear preference for residential properties compared to other types of real estate, while, in terms of age, the preference for older homes remains consistently high and enduring.

Specifically, 75.6% of the residential properties sold in 2025 through the REMAX Hellas network were over 20 years old. At the same time, newly built homes up to 5 years old accounted for just 12.3% of total residential property sales, a trend attributed primarily to the limited supply of new-build properties. As for properties 11–15 years old, these were preferred by 2% of buyers, properties 16–20 years old by 9.8% of buyers, while properties 6–10 years old by just 0.3% of buyers.

The survey data indicate that the limited number of new homes built in recent years has been unable to meet the steadily growing demand for such properties, and this has inevitably led interested buyers to turn to older properties.

However, when the option to purchase a newly built property is available, this is more often chosen over older properties, as homes up to 5 years old are modern and energy-efficient and meet the modern living needs of households much better than older properties.

Attica

According to data from REMAX Hellas, in Attica, buyers’ preferences leaned toward residential properties, as 85.3% of the properties sold through the REMAX Hellas network fell into this category. On the other hand, commercial properties and building lots accounted for 7.2% of the total market share, while agricultural land barely reached 0.3%. It is worth however, to note that the land market (agricultural plots and building lots) recorded a 1.8% increase compared to the same period last year in Attica, a fact that reflects buyers’ heightened interest in this type of property.

Regarding the age of properties, 86.2% of the homes that changed hands in 2025 were over 20 years old, while newly built homes up to 5 years old accounted for only 3.3%.



Thessaloniki

A similar picture is observed in Thessaloniki, where residential properties accounted for 87.4% of total sales in 2025. Commercial properties followed with 8.7%, while plots of land and agricultural land remained at lower levels, accounting for 3.5% and 0.4%, respectively.

Regarding the age of properties sold in Thessaloniki last year, 87% of residential properties were over 20 years old, while newly built properties up to 5 years old accounted for just 2% of the total.



Rest of Greece

In the rest of Greece, residential properties accounted for 69.4% of total sales, maintaining a clear lead over other property categories (though at much lower levels compared to Attica and Thessaloniki). Land plots followed with a share of 18.3%, showing an upward trend compared to previous years, while agricultural land and commercial properties accounted for 8.5% and 3.8%, respectively.

Regarding the age of properties in the Region, the majority of transactions also involve older properties, as 69.3% of the homes sold through the REMAX network in 2025 are over 20 years old. On the other hand, properties up to 5 years old account for 17.9% of the total, a percentage significantly higher than in Attica and Thessaloniki.



In conclusion, the market picture for 2025, according to REMAX Hellas data, shows that buyers continue to focus primarily on the residential market, with a clear preference for older properties. At the same time, despite the interest in newly built properties due to their modern features and high energy efficiency, limited supply remains a key characteristic of the market.

At the same time, investing in plots of land and agricultural parcels remains a stable option, particularly outside major urban centers, where increased activity is also being recorded in these specific property categories.

 

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