There has been a clear change in the housing market, which, as we saw in a previous article, is the demand for small properties, which has skyrocketed in recent years. Small homes have gained their own audience, as they appeal to people looking for a second home in the city, as well as students, singles, or investors seeking practical solutions with the prospect of a return on investment.
Many buyers are now turning to small urban apartments, avoiding the high prices of larger homes. The rise in prices per square meter has made smaller spaces more attractive, both in terms of cost and management.
Why is demand for small homes on the rise?
A small apartment can offer more benefits than one might imagine, especially when it is in a good location, close to the city center or in areas with intense daily activity. Buying a compact home in such a location offers the owner immediate access to public transport, shops, banks, schools, and services, making their life easier and more practical. At the same time, a small property has lower heating, maintenance, and utility costs, which means less strain on the wallet.
However, apart from personal use, such properties are easy to rent out. They are ideal for students who need affordable accommodation, but also for professionals who work in another city and are looking for something temporary but functional. This is why investors with limited capital are turning to such real estate markets. With lower initial costs, they can secure a steady income from rent without committing large sums of money or taking on high-value risks.
Who prefers small homes
Students are perhaps the most obvious group looking for small homes for sale. Their needs are limited in terms of space, but increased in terms of accessibility and convenience. Areas around universities in large urban centers such as Athens, Thessaloniki, and Patras have a steady demand for this type of property.
At the same time, young professionals who work in large cities or who travel frequently choose a second home in the city, close to their office, to save time and energy. The same applies to parents who invest in their children, choosing a safe, functional home that can be used after their studies.
What to look out for when buying a small house
Although buying a small house is quite appealing, there are certain points worth paying attention to:
- Location: The area in which the apartment is located plays a decisive role in its value, both for renting and resale. A small house in a central location or close to public transport and universities will always be more attractive and easier to sell.
- Layout: In a small space, the right layout is essential. Look for homes with a functional kitchen, an open-plan living room and bedroom, storage space, and natural lighting. A cleverly designed small home looks bigger and more comfortable.
- Energy efficiency: A small home can have high energy losses if it does not have good insulation or has old windows. Check the property’s energy rating and see if improvements are needed, such as replacing windows or upgrading the heating system, to reduce future costs.
- Condominium status: Before you decide, read the condominium rules. See if there are any restrictions on use (e.g., commercial use or short-term rentals), consider the amount of common expenses, and check the condition of the building. An old building may soon need renovation or energy upgrades, which will be an additional expense for the owners.
How can our real estate agency help you?
Buying a small home is not just a solution out of necessity, but often a smart investment. Whether you are looking for a student apartment, a second home in the city, or a property for investment purposes, small homes can offer significant flexibility, functionality, and return on investment.
If you are considering purchasing such a property, Greca House real estate agency can guide you every step of the way. Our team will help you identify properties with real value, compare high-demand areas, and find property opportunities that suit your needs and capabilities.
Through a wide network of partners throughout Greece, we give you access to selected properties with potential for both rental and residential use. Contact us and we will make sure to recommend the best options based on your needs.
