Athens is the capital and business center of Greece, where one-third of the country’s population lives. The city is surrounded by mountains and descends to the Mediterranean Sea. Due to the peculiarities of the location, the air temperature in Athens is on average five degrees higher than in other regions.
Perks for investors
Wealthy Greeks choose to live in tranquil green areas in the northern suburbs of Athens. The southern suburbs, the so-called Athenian Riviera, are also considered favorable for life: the further south the area, the more prestigious it is considered. Unfavorable areas are also found, even in the center of the capital. But they are gradually changing and modernizing.
For investors, Athens real estate is attractive because the city is not subject to seasonality: tourists come to the capital all year round. People also come to Athens to study or work. Therefore, objects of both residential and commercial real estate are characterized by high profitability.
How much does property cost in Greece?
The purchase price depends on the type and location of the object. It fluctuates from 3000 euro price per square meter of luxury villas in Greece for rent. Housing in new buildings, as a rule, is more expensive than the objects of the secondary market. For example, in Athens, the price per square meter of apartments in a new house from a reliable developer is 3000 euros.
In the secondary market of the capital, you can find very cheap properties, but they are likely to be in poor condition or in an unfavorable area. The average cost of a square meter of housing for noteworthy proposals is about 1900 euros. In Athens, prices vary depending on the area, and the further south the object is located from the center of the capital in the Riviera, the more expensive it is.