Rising value of homes in Nikaia, Korydallos and Agia Varvara with a push from the… metro

The president of Athens-Attica brokers Lefteris Potamianos comments the next day on newsbeast.gr

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The properties are being sought after in Nice, Korydallos and Saint Barbara after the "arrival" of the first subway trains. The three new stations delivered to the public on Tuesday (7/7), with the inauguration taking place on Monday (6/7) they upgrade the properties of the areas as the demand is going to increase and with it the relevant prices.

Employees, Students and other social groups who already reside or wish to move to Attica, with the facility offered by the metro, they can now seek permanent residence in these three areas ensuring their smooth movement through the subway.

Similarly commercial real estate such as shops, cafes, offices etc. are expected to see traffic increase as they are now more easily accessible by residents of neighboring but more remote areas.

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As the president of the brokers of Athens-Attica, Lefteris Potamianos, confirms speaking to newsbeast.gr, the rents, which until recently were at low levels in these areas, seem to be gaining momentum from the metro and are now moving… upwards.

"Regarding the hire of the houses, the arrival of the metro in Nikaia, Korydallos and Agia Varvara clearly and has a direct reflection in the prices "notes the president of the brokers Athens - Attica while as he explains"The increase in the selling price of the houses brought by the metro will have a slower character that will be seen in the long run. Sales are always slower. We put something today for sale at a higher price but for this to happen it must first take time. In leases, price changes are a more immediate process. "

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"We can say that already, from the very first days of operation of the new metro stations, we see that in rents in houses located close to them (ie at a distance of up to 500 to 700 meters) an increase is recorded which ranges from 10 to 15% " Lefteris Potamianos emphasizes and adds:

«The demand for homes in places where the subway goes is automatically increasing. There was already in the previous months a smaller demand from the citizens who knew that the stations would be put into operation in 2020. But because the schedules do not always fall in, there was also a caution. However, now that the operation of the new stations in Nice, Korydallos and Agia Varvara is a fact, we will see in the coming months that the demand will be even higher ".

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The parking It used to be a problem mainly for Nikaia and Korydallos, which are densely populated areas, a fact which now with the metro becomes even more serious.

"Those who want to rent a house in the specific areas and have a car choose houses with parking space" explains Lefteris Potamianos while as he clarifies there is a greater demand for newer apartments that are usually located higher than the first floor.

The station of "Agia Varvara" is noted to be located in Agia Eleousa square, "Korydallos" in Eleftherias square and "Nice»In Agios Nikolaos square.

The three new stations are estimated to will serve 60.000 passengers daily, a number that will increase even more in 2022, when the expansion to the "Municipal Theater" station of Piraeus is completed.

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The frequency of STASY itineraries at peak hours (07.30-17.30) in the section Egaleo - Doukissis Plakentias will be 4 minutes, and in the section Egaleo - Nikaia will be 8 minutes. The first route from Nice station will start at 05.30 in the morning and the last at 12.05 in the evening.

The distance from Nice to Syntagma is covered in 14 minutes and from Nice to the Airport in 55 minutes.

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With the extension by 4 km to Nice, metro line 3 will have 24 stations that will reach 27 in 2022, with the addition of "Maniatika", "Piraeus" and "Municipal Theater" stations.

According to his information Urban Transport Organization, from the day the three new stations were handed over to traffic, the redesign of bus lines in the wider area of ​​the municipalities of Keratsini - Drapetsonas, Nikaia - Ag. Ioannis Renti, Korydallou, Saint Barbaras, Perama and Piraeus, aiming at the interoperability of the road transport network with the new stations of line 3 of the metro.

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The transport interventions, 12 in total, are based on the modifications of lines, so that there is the possibility of new transfers and on the other hand the establishment of a new line that will connect the Municipality of Piraeus with the metro network.

The remodeling of the lines is divided into two phases: The first phase, which was implemented with the start of operation of the three new stations, provides for immediate interventions, which will be evaluated after the first period of operation of the stations. Then and in a reasonable period of time, the situation will be evaluated and the Organization will proceed to the second phase of redesign, as needed, for the optimal transport service of these areas.

In detail, the first phase includes the following interventions:

It is noted that for the optimal service of the passenger public, in addition to the ticket offices at the three new stations of STASY and in the network of OSY, there are 115 points of sale and reloading of tickets in kiosks and convenience stores in the wider area.

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