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Attica districts where there are still large and unused spaces \u2013 e.g. in the western suburbs \u2013 could, according to real estate market executives, receive investments for the development of affordable housing, either for rent or for purchase.<\/p>\n
The key is size, as, to be viable for individuals, these projects require large surfaces and a correspondingly large number of apartments. In other words, they cannot be like a typical apartment block, with 10-20 units. In this way, the return is maximized and the relevant concession contract is easier and more attractive. Otherwise, it is easy for the tenders to turn barren and the desired result not to occur.<\/p>\n
The state promotes public-private partnership tenders through the social consideration model. That is, it will contribute the land and in return will receive apartments from the private developer, who will then make them available either for rent or for sale at affordable prices, while the developer will keep the remaining apartments for its own utilization.<\/p>\n
The aim of these projects will be to develop 2,500 homes for 5,000 beneficiaries, young people up to 39 years old, with an annual income of 10,000 to 16,000 euros for singles, and up to \u20ac24,000 for married couples. Private individuals will keep a percentage ranging from 40% to 70% \u2013 depending on the case and the tender \u2013 which they will utilize for a specific period (over 25 years), so that they can also have the relevant return on their investment. However, ownership of the building and the apartments will remain with the state.<\/p>\n
Speaking at the recent Prodexpo real estate conference, Dimand Real Estate CEO Dimitris Andriopoulos said that \u201cthere are entire neighborhoods and areas that are cut off from the rest of the city. If areas such as Thrakomakedones, Agioi Anargyroi, Zefyri and Menidi, northwest of the city center, are integrated and gain proximity to the city through some fixed-track means, it will be possible to unlock a significant stock of buildings and add a large number of new homes to the market.\u201d\u00a0<\/p>\n<\/p><\/div>\n