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Greece’s Property Market Turns to Older Homes Amid New Housing Shortage

Panoramic view of Athens from above, with the Acropolis visible in the center and dense urban housing stretching toward the sea.
A general view of Athens, where older residential properties continue to dominate Greece’s housing market. Credit: Wikimedia Commons / Dimboukas / CC BY-SA 3.0.

More than seven in ten property purchases in Greece in 2025 involved residential homes, with three-quarters of those sales concerning buildings over twenty years old, underscoring the country’s persistent shortage of new housing. The figures point to a structural imbalance in the Greek real estate market in which limited construction in recent years has failed to keep pace with demand.

As a result, buyers continue to turn to older properties, particularly in the country’s largest urban centers. Residential properties accounted for 74.8 percent of all property sales in 2025. Plots of land followed at 14.3 percent, agricultural land at 5.8 percent, and commercial properties at 5.1 percent.

The data comes from REMAX Greece, a real estate network, and is based on thousands of completed transactions recorded through its ninety offices and more than 1,200 agents nationwide.

Three-quarters of homes sold were over 20 years old

Homes more than twenty years old represented 75.6 percent of residential property sales across Greece. Newly-built homes, defined as properties up to five years old, accounted for just 12.3 percent of sales.

Properties aged six to ten years represented only 0.3 percent of transactions, while homes aged 11 to 15 years accounted for 2 percent. Properties aged 16 to 20 years made up 9.8 percent of residential sales.

The dominance of older housing reflects the limited availability of newer homes in the Greek market. Where newly built properties are available, however, they remain highly attractive to buyers because they offer modern energy efficiency standards and better meet contemporary living needs.

Athens reflects national trend

In Attica (Greater Athens), residential properties accounted for 85.3 percent of sales. Commercial properties and land plots each represented 7.2 percent.

Older housing stock was even more dominant in the capital region. Homes more than twenty years old made up 86.2 percent of residential sales in Attica, while newly built properties up to five years old represented only 3.3 percent.

Land purchases also gained ground in Attica. Plots and agricultural land combined rose by 1.8 percent year-on-year, indicating growing buyer interest in development opportunities amid the shortage of available modern housing.

Older homes drive Greece’s property market in Thessaloniki

A similar picture emerged in Thessaloniki, where residential properties represented 87.4 percent of total sales. Commercial properties followed at 8.7 percent. As in Athens, older homes dominated the market. Properties more than twenty years old accounted for 87 percent of residential sales in Thessaloniki, while newly-built homes represented just two percent.

The figures underline the depth of Greece’s housing supply challenge. Demand for residential property remains strong, but the limited availability of newly built homes continues to push buyers toward older stock across the country’s largest real estate markets.

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Greek Drivers’ Risky Habits Expose Greece’s Road Safety Crisis

Someone driving a vehicle on the open road
Greek drivers’ risky habits, including phone use, fatigue, alcohol-related driving, and low seatbelt use, are fueling Greece’s road safety crisis. Credit: Flickr / Gina Collecchia / CC BY NC ND 2-0

Greek drivers display some of the most dangerous road behavior in Europe, with new findings showing that risky habits such as phone use, fatigue, alcohol-related driving, and low seatbelt compliance remain widespread among motorists, especially younger drivers.

According to the 16th Responsible Driving Barometer released by the VINCI Autoroutes Foundation, 66 percent of Greek drivers say they use their phones while driving, 41 percent admit to driving while severely fatigued, and 10 percent say they have driven after consuming alcohol.

Despite these behaviors, 97 percent of Greek drivers describe their own driving in positive terms. The contrast suggests that many motorists underestimate the risks they take behind the wheel, even when those risks are among the leading causes of serious crashes.

The survey, conducted by Ipsos BVA, polled 12,100 people across 11 European countries and highlighted a troubling gap between how Greek drivers see themselves and how they actually behave on the road.

Young drivers raise particular concern

The survey also points to alarming habits among younger drivers in Greece. Among those  aged 16 to 24, 48 percent say they drive without wearing a seatbelt, while 16 percent admit they occasionally drive under the influence of alcohol.

These figures indicate that road safety remains a serious cultural issue, particularly among younger motorists who may be more likely to normalize dangerous behavior such as not wearing a seatbelt, using a phone, or driving after drinking.

Road deaths show scale of Greece’s safety issue

The survey findings come at a time when Greece is also ranked among Europe’s five most dangerous countries for driving, according to data from the European Transport Safety Council.

Greece recorded 62 road deaths per one million residents in 2024, up from 60 per one million in 2023. While the increase may appear insginificant, it points to a wider road safety problem at a time when several other European countries are making progress in reducing traffic fatalities.

In the 2024 rankings, Greece placed fifth among the most dangerous European countries for road users. Serbia topped the list with 78 deaths per one million residents, followed by Romania with 77, Bulgaria with 74, Croatia with 64, and Greece with 62.

Greece has not historically been at the very top of Europe’s road-death rankings, but its current position shows that road safety remains a persistent national challenge. The country’s performance is also concerning because Croatia, which remains just above Greece in the ranking, has shown signs of improvement.

AI cameras reveal Greek drivers’ risky habits in Athens

Recent data from AI-powered traffic cameras in Athens adds further evidence that risky driving behavior remains widespread.

Eight pilot AI traffic cameras installed in the Greater Athens area have already recorded thousands of serious violations. In roughly one month, four of the cameras detected 39,543 major offenses, including running red lights, using a mobile phone while driving, and exceeding speed limits.

The violations were recorded at some of Athens’ busiest locations, including Syntagma Square and Syngrou Avenue. Separate data showed that on Syngrou Avenue alone, more than ten thousand violations related to seatbelt use and mobile phones were recorded between December 25 and January 28, along with more than 1,500 speeding violations.

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‘Family values’ African charter condemned by rights groups as regressive and dangerous

Draft treaty claims sexual and reproductive health and rights are an existential threat to the African family

An African treaty that rejects longstanding international human rights obligations moved a step closer to becoming policy this week as governments across the continent met in Ghana.

The draft African charter on family, sovereignty and values, seen by the Guardian, asserts that African values and culture are under attack from “foreign ideologies” and urges states to withdraw from any agreements that do not align with the principles of the charter, including the 2003 Maputo protocol, which promotes gender equality and protects the reproductive and health rights of women and girls.

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© Photograph: Francis Kokoroko/Reuters

© Photograph: Francis Kokoroko/Reuters

© Photograph: Francis Kokoroko/Reuters

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In Memory of Christopher Black

Exactly one year ago, on June 5, 2025, Christopher Black, a distinguished international criminal defense lawyer, writer, and author of numerous articles for our magazine, passed away. He dedicated his life to defending the unjustly accused and fighting for justice in international courts, often subject to political pressure. On the anniversary of his death, Christopher’s […]
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Ancient Wall in Greece Collapses Into Family’s Yard, Trapping Them Between Safety and Heritage Rules

Panoramic view of Veria, Greece
Panoramic view of Veria, Greece, where part of an ancient wall recently collapsed into a private yard near the Archaeological Museum. Credit: Zisis Tsampalis / Wikimedia Commons / CC BY-SA 3.0

A section of an ancient wall in Veria, northern Greece, collapsed into the backyard of a private home, raising safety concerns for residents and triggering a dispute between local authorities over who must remove the fallen stones.

The incident occurred near the Archaeological Museum of Veria, in Central Macedonia, where parts of the city’s historic fortifications still stand close to residential properties. Large stones from the wall fell into the yard, where children reportedly play, leaving the family worried about further collapses, especially during heavy rainfall.

Residents say the problem has not only created a physical hazard but has also exposed a familiar challenge in Greece: the difficulty of managing ancient heritage when it intersects with everyday life.

Homeowner caught between heritage rules and safety risks

The homeowner told local broadcaster MEGA that he has become caught in a bureaucratic dispute between the Ephorate of Antiquities and the Municipality of Veria.

The homeowner said the Ephorate of Antiquities treats the wall as a monument under its authority, while the municipality argues the fallen stones are now debris on private property.

However, he says officials told him they do not have enough workers to remove the fallen stones. Meanwhile, the municipality reportedly argues that once the stones landed inside private property, they became rubble and therefore the homeowner’s responsibility.

The homeowner says this leaves him in an impossible position. On the one hand, authorities allegedly told him to arrange the cleanup himself. On the other hand, he says he received instructions not to touch the stones because they form part of an ancient monument and may be needed for future restoration work.

As a result, the family fears that moving the material could expose them to accusations of mishandling antiquities. For now, residents say the authorities have placed two containers at the site, but they have not delivered a permanent solution.

Βέροια: Κατέρρευσε τμήμα αρχαίου τείχους στην αυλή του#ingr #news #βεροια pic.twitter.com/qL3s3A4AZY

— in.gr/news (@in_gr) June 4, 2026

Ancient stones, modern bureaucracy

The collapse has sparked frustration in Veria because it highlights the tension between heritage protection and public safety. Greece’s archaeological landscape often overlaps with homes, roads, and modern infrastructure, especially in cities with continuous habitation from antiquity to the present day.

Veria is one such city. Located in Central Macedonia, it has deep historical roots and played an important role in ancient, Roman, Byzantine, and Ottoman periods. According to the Ephorate of Antiquities of Imathia, evidence suggests that Veria acquired a city wall and a basic urban plan around the second half of the 4th century BC.

That historical depth gives the city much of its cultural value. However, it also creates practical responsibilities. When ancient remains stand beside private homes, any damage or deterioration can quickly turn into a matter of both archaeology and civil protection.

Residents in Veria, Greece urge action after ancient wall collapse

Residents have urged the competent authorities to intervene quickly, warning that more sections of the wall could collapse. Their main concern remains the safety of children and families who live next to the site.

The case now raises broader questions about how local and national authorities should coordinate when protected monuments create risks in residential areas. While the stones may hold archaeological value, residents argue that the authorities must act before the situation causes an injury.

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