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The Top 10 Neighborhoods to Invest in Athens Right Now
Ktimatoemporiki Real Estate - 2025-01-17
Athens is one of Europe's most exciting real estate markets and is the vibrant capital of Greece, combining history, culture, and a growing demand for residential and commercial property.
It will be a hot destination for investors seeking high returns and long-term growth. Here are the top 10 areas to invest in Athens right now, from neighborhoods offering diverse opportunities in luxury living to high-yield rentals.
1. Kolonaki: The Epitome of Luxury
It's the plushest neighborhood in Athens, valued for luxury apartments, design boutiques, and fine restaurants. Situated just beneath Lycabettus Hill, this district is a hub for high-income groups and also sees demand from foreigners.
Properties here offer long-term appreciation in value with very good demand for rentals, mainly from foreigners and business workers.
2. Koukaki: A Cultural and Rental Hotspot
Koukaki was ranked among the coolest neighborhoods in the world. Lively and set next to the Acropolis, it manages perfectly to merge notes of historical beauty with the vividness of a modern Greek neighborhood, sought after by tourists and locals alike.
Thus, it offers great yields for short-term letting and is well suited for investments via Airbnb platforms.
3. Glyfada: The Heart of the Athenian Riviera
It is a sea side paradise, sitting 15 km away from the city center and having a cosmopolitan vibe with luxury shopping and beaches that attract residents and tourists alike in equal measure.
Properties in Glyfada boast high rental income, especially during summer, and are ideal for those looking for a Mediterranean lifestyle.
4. Exarchia: The Up-and-Coming Neighborhood
Once bohemian, Exarchia is quickly gentrifying. New development projects and improved infrastructure make it a haven for young professionals and students alike.
The relatively affordable property prices and rising demand make Exarchia very attractive for investors who seek long-term appreciation.
5. Voula: The Quiet Luxury of the Riviera
Next to Glyfada, Voula is the less frenetic option with equal seafront charm. Its richly appointed villas and large apartments appeal equally to families and retirees.
It balances tranquility with proximity to luxury amenities; the combination puts it in very high demand both for short- and long-term rentals.
6. Pangrati: A Blend of Tradition and Modernity
Pangrati is lively and up-and-coming, with a good mix of old-world charm and a modern edge. It boasts cafes with life, art galleries, and greenery that appeal to the younger generation of professionals and creatives alike.
Property prices are still relatively reasonable in Pangrati, and there is plenty of room for appreciation due to ever-growing demand.
7. Nea Smyrni: Family-Friendly and Convenient
Nea Smyrni is the well-connected suburb that is only a few minutes from the city center, which makes it family-friendly with its vivid square and green parks.
Investors will have stable rental incomes from families and professionals alike, seeking quality housing near the city.
8. Marousi: The Business and Investment Hub
As the main business district of Athens hosts major corporations and modern office spaces, Marousi demands residential properties basically for professionals employed within this area.
Investment in Marousi provides stable rentals and a secure tenant base.
9. Petralona: The Hidden Gem
Nowadays, Petralona is one of the most promising districts of Athens. This traditional neighborhood is close to the city center, and its recent popularity among young professionals and tourists makes it an excellent choice for rental investments.
Properties in this area remain affordable compared to more central locations and thus boast great growth potential.
10. Plaka: The Historic Heart of Athens
Plaka is the oldest Athenian neighborhood and is a magnet for tourists. With its picturesque streets, remains of old buildings, and lively atmosphere, it's perfect for short-term rental properties.
Owning a property in Plaka means not only an occupancy rate but also participating in and buying into one important piece of Athens history.
Why Invest in Athens?
Athens offers a unique combination of affordable property prices, strong rental yields, and long-term growth potential.
The city has become an increasingly attractive destination for international investment with its booming tourism sector, coupled with emerging demand for quality housing supply and government policies like the Golden Visa program to provide incentives.
From luxury living in Kolonaki to up-and-coming areas like Exarchia and Petralona, Athens has something to offer every kind of investor. For those looking for short-term rentals to those looking at long-term capital appreciation, the diverse range of neighborhoods offers unlimited potential.
Now is the time to discover one of Europe's most dynamic cities and make a smart investment in the vibrant real estate market of Athens.
It will be a hot destination for investors seeking high returns and long-term growth. Here are the top 10 areas to invest in Athens right now, from neighborhoods offering diverse opportunities in luxury living to high-yield rentals.
1. Kolonaki: The Epitome of Luxury
It's the plushest neighborhood in Athens, valued for luxury apartments, design boutiques, and fine restaurants. Situated just beneath Lycabettus Hill, this district is a hub for high-income groups and also sees demand from foreigners.
Properties here offer long-term appreciation in value with very good demand for rentals, mainly from foreigners and business workers.
2. Koukaki: A Cultural and Rental Hotspot
Koukaki was ranked among the coolest neighborhoods in the world. Lively and set next to the Acropolis, it manages perfectly to merge notes of historical beauty with the vividness of a modern Greek neighborhood, sought after by tourists and locals alike.
Thus, it offers great yields for short-term letting and is well suited for investments via Airbnb platforms.
3. Glyfada: The Heart of the Athenian Riviera
It is a sea side paradise, sitting 15 km away from the city center and having a cosmopolitan vibe with luxury shopping and beaches that attract residents and tourists alike in equal measure.
Properties in Glyfada boast high rental income, especially during summer, and are ideal for those looking for a Mediterranean lifestyle.
4. Exarchia: The Up-and-Coming Neighborhood
Once bohemian, Exarchia is quickly gentrifying. New development projects and improved infrastructure make it a haven for young professionals and students alike.
The relatively affordable property prices and rising demand make Exarchia very attractive for investors who seek long-term appreciation.
5. Voula: The Quiet Luxury of the Riviera
Next to Glyfada, Voula is the less frenetic option with equal seafront charm. Its richly appointed villas and large apartments appeal equally to families and retirees.
It balances tranquility with proximity to luxury amenities; the combination puts it in very high demand both for short- and long-term rentals.
6. Pangrati: A Blend of Tradition and Modernity
Pangrati is lively and up-and-coming, with a good mix of old-world charm and a modern edge. It boasts cafes with life, art galleries, and greenery that appeal to the younger generation of professionals and creatives alike.
Property prices are still relatively reasonable in Pangrati, and there is plenty of room for appreciation due to ever-growing demand.
7. Nea Smyrni: Family-Friendly and Convenient
Nea Smyrni is the well-connected suburb that is only a few minutes from the city center, which makes it family-friendly with its vivid square and green parks.
Investors will have stable rental incomes from families and professionals alike, seeking quality housing near the city.
8. Marousi: The Business and Investment Hub
As the main business district of Athens hosts major corporations and modern office spaces, Marousi demands residential properties basically for professionals employed within this area.
Investment in Marousi provides stable rentals and a secure tenant base.
9. Petralona: The Hidden Gem
Nowadays, Petralona is one of the most promising districts of Athens. This traditional neighborhood is close to the city center, and its recent popularity among young professionals and tourists makes it an excellent choice for rental investments.
Properties in this area remain affordable compared to more central locations and thus boast great growth potential.
10. Plaka: The Historic Heart of Athens
Plaka is the oldest Athenian neighborhood and is a magnet for tourists. With its picturesque streets, remains of old buildings, and lively atmosphere, it's perfect for short-term rental properties.
Owning a property in Plaka means not only an occupancy rate but also participating in and buying into one important piece of Athens history.
Why Invest in Athens?
Athens offers a unique combination of affordable property prices, strong rental yields, and long-term growth potential.
The city has become an increasingly attractive destination for international investment with its booming tourism sector, coupled with emerging demand for quality housing supply and government policies like the Golden Visa program to provide incentives.
From luxury living in Kolonaki to up-and-coming areas like Exarchia and Petralona, Athens has something to offer every kind of investor. For those looking for short-term rentals to those looking at long-term capital appreciation, the diverse range of neighborhoods offers unlimited potential.
Now is the time to discover one of Europe's most dynamic cities and make a smart investment in the vibrant real estate market of Athens.
