{"id":4008,"date":"2025-06-04T08:28:29","date_gmt":"2025-06-04T05:28:29","guid":{"rendered":"https:\/\/domima-axd.com\/blog\/the-cause-that-reduces-the-value-of-apartments-in-greece\/"},"modified":"2026-02-02T16:06:03","modified_gmt":"2026-02-02T14:06:03","slug":"the-cause-that-reduces-the-value-of-apartments-in-greece","status":"publish","type":"post","link":"https:\/\/domima-axd.com\/en\/news\/the-cause-that-reduces-the-value-of-apartments-in-greece\/","title":{"rendered":"The cause that reduces the value of apartments in Greece"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4008\" class=\"elementor elementor-4008 elementor-1\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1b4c8781 e-flex e-con-boxed e-con e-parent\" data-id=\"1b4c8781\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-14afe970 elementor-widget elementor-widget-text-editor\" data-id=\"14afe970\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>Poor management in an apartment building can reduce the market value of a flat by up to 20%. Prospective buyers withdraw or lower their offer when they realize that a building is in poor operational condition.  <\/p>\n<p><strong>What are these factors?<\/strong> Common areas directly affect the market value of each apartment: garbage in the courtyard, unpruned trees, broken tiles, deteriorated balconies, dirty walls with faded paint, non-functioning lights, and elevators without the legally required maintenance. The difference in value between two similar apartments can exceed 10%\u201320% when they belong to buildings with different levels of upkeep, while at the same time the time needed to sell or rent increases. The older a building appears, the greater the divergence in value. Between two identical apartments in the same block, with the same square meters and technical characteristics, the one located in the better-managed building will be sold or rented first, at a higher price and to more reliable tenants.   <\/p>\n<p>The building itself, the common areas, organization, and transparency influence the buyer\u2019s or tenant\u2019s decision as much as the apartment does. A poorly maintained building may indicate serious underlying problems such as: <\/p>\n<p> <strong>\u2013 Poor financial management:<\/strong> This in turn leads to delayed payments, unpaid bills, and lack of liquidity.<\/p>\n<p><strong>\u2013 Inadequate maintenance:<\/strong> Faults are repaired slowly or not at all, making everyday living more difficult for residents and\u2014 as we will see below \u2014 reducing the value of their properties.<\/p>\n<p><strong>\u2013 Lack of a maintenance plan:<\/strong> Without a strategy for upgrading common areas, safety, or energy efficiency, the building faces a high risk of losing competitiveness in the real estate market. In a building that is not regularly maintained, the risk of damage and high future expenses increases. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Poor management in an apartment building can reduce the market value of a flat by up to 20%. Prospective buyers withdraw or lower their offer when they realize that a building is in poor operational condition. What are these factors? Common areas directly affect the market value of each apartment: garbage in the courtyard, unpruned [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/posts\/4008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/comments?post=4008"}],"version-history":[{"count":1,"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/posts\/4008\/revisions"}],"predecessor-version":[{"id":4009,"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/posts\/4008\/revisions\/4009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/media\/4003"}],"wp:attachment":[{"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/media?parent=4008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/categories?post=4008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/domima-axd.com\/en\/wp-json\/wp\/v2\/tags?post=4008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}