Athens center and surrounding areas are now the focus of extensive changes and renovations that will eventually increase the property’s low purchase value. At present, you can buy property at a very affordable price as the properties are mainly old apartments. However, by renovating, you can modernize your property and benefit from it through marketing in the popular Airbnb platform.

Several key factors influence the choice of the area where you intend to buy your property. These factors are the same for all prospective tenants and buyers. The first and foremost factor is its location. How close to the city center it is, transportation, schools, and shops are just a few positive points to consider. Finally, do not overlook parking space availability, a problem concerning all city-dwellers.

The center of Athens is always a good choice. There are areas constantly developing with new investment prospects and significant investment opportunities for you.

Below we will mention 5 areas of Athens worth investing in the real estate market without hesitation.

Koukaki, due to its proximity to the historic and famous Athens center, attracts great interest in its properties. There are plenty of food and beverage shops in the area, full of people even on weekdays, particularly young people and students. It is also an area well-known for shops selling artworks that adds value and glamor to the place.

Many apartments in Koukaki have been renovated and are now available for booking through the Airbnb platform. Tourists specifically, those who do comprehensive research regarding their accommodation, choose Koukaki as it is a place that combines everything needed for a pleasant stay. If you are thinking of property investment, Koukaki should be on top of your list.

Kypseli is another area of ​​Athens worth buying property. It is a district that is constantly developing. At its central square, there is a variety of shops, restaurants, bars, and cafes. Tourists especially prefer it as it is an alternative spot, full of young people. Investing in real estate in Kypseli can be combined with a profitable commercial use through the Airbnb platform.

Most houses require renovation as they are old buildings, So, for this, their purchase price is in fact low. If you think with your future in mind, and your long-term benefit, an investment in this area will bring you a substantial profit. One of the main advantages of Kypseli is its closeness to the subway and the downtown of Athens.

Recently, ​​Metaxourgeio has undergone a dramatic face-lift. As new stores are opening and more and more people are investing in the real estate market. In the future, impressive, historic buildings will be renovated, and revived, bringing fresh air to the area.

Metaxourgeio connected with a Metro station has an extremely and important advantage. Lots of tourists come here to visit the traditional shops and savor dishes from traditional Greek cuisine. But, permanent residents of Athens and especially the young, also love the area. Given all this and the development that will happen, it is worth investing in buying an apartment in Metaxourgeio.

In addition, the area of ​​Votanikos, which is within walking distance from Metaxourgeio, will also receive a large volume of investments that will thematically change the district. Its location near the center of Athens, modern facilities, and green spaces are just some of the reconstruction plans of the area that will change its image and transform it into a place with high commercial interest.

Galatsi and the area near Elkinonos Station will undergo an increase in demand for buying and renting real estate in the coming years. The expansion of the Metro will attract new buyers as property prices in the area are still very affordable. The advantages here include the fact that it is close to the center of Athens and has lots of green sites.

Specifically, at the Dikastēria and Alexandra Station, there will be a tremendous increase in demand, especially for commercial space for companies’ offices, since the area already has many buildings available for marketing. When you invest in such properties, you earn a steady income and profitable returns for years to come.

The building restoration that is to take place on Alexandras Avenue is the best opportunity for local real estate. If you are considering investing in real estate, the areas of Gyzi and Ampelokipi will ensure you big profits. The works that will take place will cover an area of 20 acres. This project will bring fresh air to the district.

These changes will bring new prospective tenants and buyers in need of apartments, office spaces, and shops. The proximity to the city center, the Metro, the subway, all constitute details urging the investment and purchase of a property here.