Authored by the expert who managed and guided the team behind the Greece Property Pack
Yes, the analysis of Athens' property market is included in our pack
Where are the best places to invest in Athens right now? Is the historic center still the top pick, or are neighborhoods like Koukaki, Pangrati, and Nea Smyrni gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Athens and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Exarchia is gaining attention for its low property prices and high return potential amid gentrification
Exarchia is catching eyes for its affordable property prices and potential for high returns as it undergoes gentrification.
In 2023 and 2024, buying a home in Exarchia was a bargain compared to pricier spots like Kolonaki. This makes it a hot pick for budget-conscious buyers looking for a good deal.
Big changes are on the horizon with urban regeneration projects and new infrastructure. These upgrades will boost public transport and overall appeal, making Exarchia even more attractive to residents and investors alike.
With these improvements, property values and rental yields are expected to climb, offering promising returns for those who invest now.
More real estate listings are popping up in Exarchia, showing a growing interest from potential buyers. The area's artsy vibe and prime location near the National Technical University of Athens draw in students, young professionals, and international buyers.
This influx of new residents is likely to push property values and rental incomes even higher, making Exarchia a smart choice for investment.
Sources: Ktimatoemporiki, Indomio
2) Kolonaki is a prime market for luxury properties with strong demand from affluent buyers seeking prestigious addresses
Kolonaki is a standout in Athens' real estate scene, known for its luxury properties and consistent demand.
In Kolonaki, property prices are notably high, averaging €5,194 per square meter, which is significantly more than in other Athens neighborhoods. This reflects the area's high value and desirability among buyers.
Over the years, Kolonaki has seen a steady rise in property values. For example, newly constructed apartment prices increased by 8.51% in the past year and 24.7% over two years. This upward trend indicates strong demand, making it an attractive option for investors seeking growth.
Kolonaki also boasts high rental yields, with an average monthly rent of €18.05 per square meter. This is fueled by demand from expatriates and affluent locals, and the area's popularity on short-term rental platforms like Airbnb enhances its rental income potential.
The area's reputation for luxury is further enhanced by its upscale boutiques, cafes, and restaurants, making it a desirable location for those seeking a prestigious lifestyle. Cultural landmarks and stunning views add to its allure, attracting both local and international buyers.
Sources: The Luxury Playbook, Sofokleous10, Tranio
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Greece versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Ambelokipi is gaining attention for its strategic location near business districts and hospitals, ensuring stable rental demand
Ambelokipi is catching everyone's eye in the real estate scene.
Back in 2023 and 2024, the Athens property market was on fire, and Ambelokipi stood out. Property prices jumped by an average of 11.80% annually, making it a magnet for buyers and investors alike. This surge in interest is largely due to its strategic location.
Ambelokipi is nestled near major business hubs like Athens Towers and Leoforos Kifisias. This makes it a prime spot for professionals and expatriates who work nearby, ensuring a stable demand for rentals. The rental yields here are quite appealing, averaging between 6-8%, which is a solid return on investment.
Its proximity to key hospitals like the General Hospital of Athens "G. Gennimatas" and "Evangelismos" adds to its charm. This makes Ambelokipi a convenient choice for healthcare workers and patients needing to stay close to these facilities. Plus, the area is well-connected with metro stations like Ambelokipi and Panormou, making commuting a breeze.
Living in Ambelokipi means you're in a neighborhood that offers both convenience and opportunity. Its strategic location near business districts and hospitals ensures a steady rental demand, making it a wise choice for property investment.
Sources: Grekodom, The Luxury Playbook, Spaceers
4) Ano Patisia is gaining interest with affordable homes and better transport links, attracting first-time buyers
Ano Patisia is quickly becoming a hotspot for first-time home buyers in Athens.
One of the main draws is its affordable housing options, making it a prime choice for those entering the property market. In 2024, areas like Patissia saw a boost in the lower-end market, with rents averaging €8.30/m². This affordability is a big plus for anyone looking to invest or buy their first home.
Another factor adding to Ano Patisia's charm is the improvement in public transport links. The new Line 3 metro extension now connects the area to Piraeus port, Athens' city center, and the Eleftherios Venizelos international airport. This makes commuting a breeze and cuts down the need for a car, making the area more accessible.
Real estate developments and renovations are also on the rise in Ano Patisia. This is part of a larger urban renewal effort in Athens, aiming to modernize infrastructure and improve housing. The area is seeing new constructions and renovations that cater to various needs and tastes, including affordable housing options.
These changes are not just about new buildings; they reflect a broader trend of urban renewal in Athens. The focus is on modernizing infrastructure and enhancing living conditions, which is drawing more interest to Ano Patisia.
With these developments, Ano Patisia is emerging as a desirable location for first-time buyers, offering a mix of affordability, improved transport, and modern living spaces.
Sources: Athens Real Estate Market Overview 2024, Transforming mobility in Greece - Holcim, ATHENS METRO – The future Metro extensions
5) Gazi is gaining interest for its high rental yields and vibrant nightlife and cultural scene
Gazi is a hotspot for investors thanks to its vibrant nightlife and cultural scene.
In Athens, the average gross rental yield was around 5.42% in recent years, but Gazi's trendy vibe could push yields even higher. This makes it an attractive option for those looking to invest in property.
Property prices in Gazi are climbing, reflecting a strong demand similar to other trendy neighborhoods. The area buzzes with life, especially around the Technopolis cultural complex, making it a key attraction in Athens.
Tourists love staying in lively spots like Gazi, drawn by its nightlife and cultural events. This has led to a surge in short-term rentals, with platforms like Airbnb seeing increased demand in the area.
The Greek government's initiatives, such as the Digital Nomad Visa, have further fueled the demand for rental properties in Athens, including Gazi. This makes it a prime location for those looking to capitalize on the rental market.
Sources: Global Property Guide, Iland.co, Vicity.net
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6) Koukaki is booming with its short-term rental market, close to the Acropolis and major museums
Koukaki is buzzing with real estate interest thanks to its booming short-term rental market.
One of the main reasons for this surge is Koukaki's proximity to the Acropolis and major museums, which are huge tourist magnets. This has naturally led to a spike in demand for short-term rental properties, making it a hot spot for investors.
In recent years, property prices in Koukaki have seen a noticeable rise. For instance, the Athens property market, including Koukaki, saw a 7% price increase between 2023 and 2024. This trend highlights the growing interest from both tourists and investors eager to tap into the thriving rental scene.
Koukaki's closeness to iconic sites like the Acropolis Museum and the National Archaeological Museum only adds to its charm. The number of visitors to these attractions jumped by 51.6% from 2021 to 2023, further fueling the demand for places to stay in the area.
This influx of tourists has turned Koukaki into a prime location for short-term rentals, catching the eye of savvy real estate investors. The neighborhood's appeal is undeniable, with its vibrant atmosphere and cultural significance.
Investors are particularly drawn to Koukaki because of its strategic location and cultural allure, making it a lucrative spot for short-term rental opportunities. The area is not just a tourist hub but also a promising investment landscape.
Sources: Astrea Properties, Statistics Greece, The Luxury Playbook
7) Metaxourgeio is gaining interest for high rental yields with its city center proximity and cultural revival
Metaxourgeio is a rising star for property investors thanks to its strategic location and cultural buzz.
Imagine owning a property just a stone's throw from the city center, where property prices are climbing due to a vibrant cultural scene. Take, for example, an investment apartment listed by Engel & Völkers for €95,000. It's perfect for renovation and short-term rentals, offering promising high rental yields.
What makes Metaxourgeio even more appealing is its proximity to major attractions and public transport, like the Metaxourgeio metro station. This easy access is a magnet for digital nomads and tourists, who are crucial in driving up rental yields.
The neighborhood is experiencing a cultural revival, with artistic venues and events popping up everywhere. This transformation has turned Metaxourgeio into a creative hub, attracting a bohemian crowd and boosting tourism.
As more people flock to the area, the local economy benefits, and rental demand continues to rise. This influx of newcomers and tourists is increasing foot traffic, making it a lively place to invest.
Sources: Engel & Völkers Germany, Berghahn Journals, Greek News Agenda
8) Neos Kosmos is attracting interest for its property appreciation potential with new infrastructure and proximity to tourist attractions
Neos Kosmos is catching eyes for its rising property values and strategic location.
Over the past five years, property prices in Neos Kosmos have surged by more than 35%, reflecting a broader trend in central Athens. This upward trajectory is expected to persist, as the Greek real estate market is set to grow steadily. The buzz around Neos Kosmos isn't just about numbers; it's about the lifestyle and opportunities the area offers.
One of the driving forces behind this growth is the investment in local infrastructure. The upcoming metro extensions, especially Line 2, are a game-changer. With a hefty budget of $735 million, these projects will make Neos Kosmos more accessible, drawing in both residents and investors who value convenience.
Location is everything, and Neos Kosmos has it in spades. It's a stone's throw from iconic spots like the Acropolis and the National Museum of Contemporary Art. This proximity to major tourist attractions not only lures visitors but also fuels property demand, making it a hot spot for those looking to invest in a vibrant neighborhood.
For those considering a move or investment, Neos Kosmos offers a unique blend of cultural richness and modern convenience. The area's transformation is palpable, with new developments and amenities popping up, enhancing its appeal. It's not just about living in a place; it's about being part of a thriving community.
As infrastructure projects unfold and the area continues to evolve, Neos Kosmos stands out as a promising destination for property buyers. The combination of rising property values, improved connectivity, and cultural allure makes it a compelling choice for anyone looking to invest in Athens.
Sources: Real Estate Market Analysis, Infrastructure Projects, Plum Guide
We have made this infographic to give you a quick and clear snapshot of the property market in Greece. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Pangrati is gaining popularity for its vibrant community, trendy cafes, and artistic vibe, driving up property values
Pangrati is a hotspot for property buyers thanks to its vibrant community and rising property values.
In November 2024, the average price for residential properties in Pangrati was €3,245 per square meter, showing a 6.18% increase from earlier in the year. This steady rise in property values highlights a strong and growing real estate market, making it an attractive investment for potential buyers.
The neighborhood's lively café culture is a major draw. With trendy cafes and restaurants scattered around popular spots like Platia Proskopon and Platia Varnava, Pangrati offers a bustling atmosphere that appeals to both locals and visitors. This vibrant scene adds to the area's charm and makes it a desirable place to live.
Pangrati's artistic vibe is another key factor in its popularity. Cultural landmarks such as the Goulandris Museum of Contemporary Art and the National Gallery have cemented its reputation as a cultural hub. This artistic environment attracts young professionals and artists, further enhancing the neighborhood's appeal and boosting property values.
For those looking to invest in a property, Pangrati offers a unique blend of culture, community, and growth potential. The area's trendy cafes and artistic vibe create a lively and engaging environment that continues to draw interest from buyers.
With its combination of rising property values and a vibrant community, Pangrati stands out as a prime location for real estate investment. The neighborhood's appeal is only set to grow as more people discover its unique charm and potential.
Sources: Indomio Real Estate Market Pagkrati, Pillowhite Archives
10) Petralona is gaining interest for its charming old houses and rising demand from those seeking a neighborhood with character
Petralona is now a hot spot in Athens for those seeking charming old houses.
In 2024, property prices in Ano Petralona hit €2,738 per square meter, marking a noticeable jump from the previous year. This surge shows that more people are drawn to the area's unique character and historical charm. The neighborhood's appeal is not just about numbers; it's about the vibe and the stories these old houses tell.
Real estate transactions are on the rise, with buyers eager to invest in Petralona's distinctive homes. Media reports and real estate guides have spotlighted the neighborhood, boosting its popularity. The Greek Golden Visa program is also a magnet, attracting international buyers who are captivated by Petralona's historical architecture and lively atmosphere.
Local government initiatives are key players here, focusing on preserving and promoting Petralona's historical architecture. These efforts have led to more foot traffic and new business openings, adding to the area's charm. It's a place where the past meets the present, and that's a big draw for both investors and residents.
Social media buzz and features in travel and lifestyle blogs have further amplified interest in Petralona. Tourists and potential residents are flocking to the area, eager to experience its unique character. The neighborhood's charm is infectious, and it's becoming a must-see spot for those who appreciate history and culture.
Sources: Indomio Real Estate Market, Real Estate Investment in Athens
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.