Athens, the capital of Greece, is becoming an increasingly attractive real estate market for both locals and foreign investors. The city has been experiencing a renaissance in the last few years, due to an improving economic situation, growing tourism and increased interest in real estate investment. You should buy apartment in Athens to get excellent housing. Let’s consider the features of this decision in more detail.
Real Estate Market Overview
The Athens real estate market shows a steady increase in prices, especially in popular areas such as Plaka, Kolonaki and Kifisia. In recent years, there has been an increase in demand for residential property, due to the increase in tourists and students, as well as the “golden visa” programs that attract foreign investors.
What are the advantages of buying property in Athens?
This decision has many advantages. Among the most important points:
- Economic growth. Greece is recovering from the financial crisis, which creates favorable conditions for investment. An increase in the number of jobs and rising incomes contribute to an increase in demand for housing.
- Tourism. Athens is one of the most popular tourist destinations in Europe. Investments in short-term rentals can bring a stable income due to the high demand for housing from tourists.
- Cultural heritage. The city is famous for its rich historical and cultural heritage. This makes it attractive not only for living, but also for renting real estate.
- Affordable prices. Despite the rise in prices, compared to other European capitals, real estate in Athens remains relatively affordable, which makes it attractive to investors.
- Developed infrastructure. Athens has a good transport system, educational institutions and health services, which makes it a comfortable place to live.
- Golden visa programs. Foreign investors can obtain a residence permit with a purchase of real estate worth 250,000 euros, which contributes to the influx of capital and an increase in housing prices.
- Growth potential. Given the ongoing development of the city and the improvement of infrastructure, further growth in real estate prices is expected.
Find out more information on https://avezor.gr about buying real estate in this country. Thanks to the data, you can make an informed decision!