The rise in real estate prices will not stop anytime soon.

According to the statement by the CEO of Plasis Real Estate + Development, N. Tatsi, the demographic issue in Greece may change the direction of the construction sector. Nikos Tatsi emphasized that the rise in real estate prices may continue in the near future, linking the real estate market to the demographic problem in Greece during the 24th Prodexpo conference.

"Greece is becoming a country of elderly people.

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The construction industry needs to understand who it is addressing," said Nikos Tatsi, noting that while "high-rise buildings are being constructed one after another," the population is declining, and he estimated that "there may not be a need for large houses." Although the average price of an apartment in a good area is already 4000 euros per square meter, Nikos Tatsi estimated that "the likelihood of continued price growth will remain for some time," as it is subject to significant increases in construction costs.

Nikos Tatsi also mentioned that around 250,000 properties, which are currently "sleeping" in the portfolios of service companies, are expected to hit the market soon, which will put pressure on the construction industry. "The competition will be enormous," warned Nikos Tatsi. He emphasized the need to provide housing loans that meet the real needs of each family and assessed that the biggest issue in servicing housing loans is not so much the interest rate (as consumers can still obtain rates of 3.5-4%), but rather the duration of the loan.

Regarding the "My Home" program, Nikos Tatsis called it a "good start," but noted that it should be more flexible regarding the age limit (it should reach 44 years, which is the average age of Greeks today), as well as have broader criteria to allow more recipients to purchase new apartments rather than used ones.

Finally, regarding the golden visa program, Nikos Tatsis noted that the €500,000 limit in certain areas has shifted demand to the western suburbs of Athens and the suburbs of Piraeus.