Why is the Greek real estate market the trendiest investment right now? Compared to 2008, properties for sale in Athens were more affordable than they are today. Since then, Greece’s economy is exhibiting important signs of improvement.
The earnings for renting a property in central Athens range from 3.9% to 5.8% per year. Athens is 5 times more affordable than Vienna and has about 8 times lower prices compared to Paris.
In comparison to other residence-by-investment programs in Europe, the Greek Golden Visa is the most economical opportunity. This makes purchasing property in Greece, particularly in Athens, a very attractive option for property investors.
Now is the best time to invest in Greece real estate, and CENTURY 21 will help you achieve your goals! If you’re wondering where to invest in Greece then Athens is an excellent place to start!
The top 5 Athenian neighborhoods to invest in:
Monastiraki
Monastiraki is named after a small monastery turned into a church in a municipal park. The available Monastiraki properties for sale are located west of the well-known Syntagma Square.
There are numerous local eateries in Monastiraki where you can taste delicious Greek cuisine. The gorgeous neighborhood has become a popular spot for both locals and tourists, thanks to the beautiful footpaths and wonderful shops.
Thissio
Thissio becomes one of Athens’ most desirable and well-located neighborhoods. The area is a bit more touristy because it comprises the pedestrianized Apostolou Pavlou street that encircles the Acropolis.
If you stroll a few doors down from the main road, you’ll find yourself in the center of a peaceful and real Athenian neighborhood brimming with cultural gems.
Kolonaki
Kolonaki not only is surrounded by high-end cafes and shops, but also is home to offices, law firms, foreign consulates, and of course the high-end CENTURY 21 Greece offices.
The majority of the buildings were built in the 1960s, and during the last 30 years, Kolonaki changed into a lavish neighborhood populated by the most affluent Athenians. Finding apartments for sale at Kolonaki would be a great opportunity for investment in the Greek real estate market.
Kifisia
Kifisia is a charming area of Athens, famous for its gardens and estates. The area also houses most Greek politicians. The area is well-known for its shopping streets, having a wide range of stores and businesses.
The real estate market of Kifisia is quite popular in Greece. This is because of the accessible location, shopping, and proximity to the city center, the area has to offer.
Glyfada
Glyfada, located in the south of Athens, is an area with luxury boutiques, fine dining restaurants, and wonderful beaches where you can relax and truly enjoy life no matter the season!
The region is recognized as the “Pearl of the Athens Riviera.” Numerous wealthy, celebrities, and ministers live in Glyfada, which features some of Europe’s most beautiful seaside estates. Properties in Glyfada are popular among both locals and visitors due to their cozy atmosphere.
Investing in Greek real estate
Are you thinking about investing in Greek real estate? Investment opportunities in Greece stay affordable while their ROI looks profitable and very promising. At the same time, the Greek economy is showing signs of recovery, with the International Monetary Fund projecting a 2.8% increase in GDP in 2017.
If you decide to make an investment, CENTURY 21 has the most relentless Real Estate Consultants who can guide you through the multi-faced market of Greece.
At CENTURY 21 we guarantee that you are not just another client when you walk through our doors, you are a person who asks for our assistance and insights to find you the best deal.
CENTURY 21 has been changing the real estate game by achieving extraordinary results that have improved people’s lives.
Contact us today or stop by our offices at Kolonaki, let’s find you the best deal!
