Athens, the capital city of Greece, is a city rich in history, culture, and breathtaking landscapes. It offers a wide range of opportunities for property investors looking to make lucrative investments in the Greek real estate market. In this blog post, we will explore the top neighborhoods in Athens that are considered to be the best areas for real estate investments.
Kolonaki
Kolonaki is one of the most upscale and affluent neighborhoods in Athens. It is known for its elegant buildings, luxury boutiques, and high-end restaurants. The area is highly sought after by both locals and tourists due to its central location and proximity to major attractions. Property prices in Kolonaki have been steadily increasing over the years, making it an ideal investment choice for those looking for long-term gains. Additionally, buying property in Kolonaki may also offer the opportunity to obtain a Greek Golden Visa, which grants residency to foreign investors who purchase property in Greece. If you are want to know more about this neighborhood, click here and check out properties.
Kolonaki Neighborhood
Plaka
Plaka, often referred to as the “Neighborhood of the Gods,” is a charming and historic area located at the foot of the Acropolis. It is one of the oldest neighborhoods in Athens and is famous for its picturesque streets, neoclassical houses, and traditional tavernas. Plaka attracts a significant number of tourists throughout the year, making it a lucrative investment option for short-term rentals. The demand for properties in Plaka remains high, and investors can expect a steady stream of income from renting to tourists.
Plaka Neighborhood in Athens
Glyfada
Glyfada is a coastal suburb of Athens and is considered one of the best areas for real estate investments in the city. The neighborhood offers a high standard of living with its beautiful beaches, upscale shopping centers, and vibrant nightlife. Property prices in Glyfada have been steadily increasing, and the area is known for its strong rental market in Athens, making it an attractive choice for investors looking for both capital appreciation and rental income. Additionally, Glyfada is a popular destination for foreigners looking to buy property in Athens, as it provides easy access to the city center and has a large expatriate community.
Glyfada Neighborhood in Athens
Koukaki
Koukaki is a residential neighborhood located just a stone’s throw away from the Acropolis. It has gained popularity in recent years due to its proximity to major tourist attractions and the revitalization of the area. Koukaki offers a mix of traditional Greek charm and modern amenities, making it a popular choice among young professionals and tourists. Property prices in Koukaki have been steadily rising, making it a promising investment opportunity for those looking to buy property in Athens. The neighborhood also offers excellent property management services, making it easier for investors to maintain and rent out their properties.
When it comes to real estate investments in Athens, these neighborhoods are considered the cream of the crop. Kolonaki, Plaka, Glyfada, and Koukaki offer a combination of location, amenities, and potential for long-term growth. Whether you are an international investor looking for a Greek Golden Visa or a local investor seeking to capitalize on the city’s booming real estate market, these areas provide the best opportunities for profitable investments. So, if you are considering buying property in Athens, make sure to explore these neighborhoods and take advantage of the thriving real estate market in the Greek capital.