All real estate in Athens, Greece

Location, climate, and infrastructure

Athens is the capital of Greece. The city is located 8 km northeast of the port of Piraeus in the Gulf of the Aegean Sea. It is the largest city in the country, its economic and cultural center. Athens is one of the most significant ancient Greek cities and a symbol of Western civilization.

The climate is subtropical semi-desert, characterized by hot and dry summers. Winters are quite warm with very rare sub-zero temperatures. This is a large, prosperous and actively developing city, one of the largest tourist centers in Europe. Athens is a metropolis full of the atmosphere of antiquity, combining luxury and simplicity, modernity and tradition. The city is divided into several parts, includes the central regions, suburbs and the famous port of Piraeus. Athens has a modern infrastructure that meets all the requirements of European quality.

Why buying property in Athens is profitable

Investing in Athens real estate is certainly a good idea, as the city is the capital of a state that welcomes tourists from all over the world. With an active business life, Athens is ideal for permanent residence and profit. Real estate in Athens is a great opportunity to move to one of the best tourist destinations in Europe, where the demand for housing is high. This means that both short-term and long-term rentals are always relevant here.

The real estate market in Athens is promising for investors as the recession in the Greek economy is slowing down and the number of tourists is growing every year. The local market also offers good value for money, considered the best offer among all European countries. Obviously, buyers are attracted by affordable property prices in Athens, as well as the opportunity to obtain a residence permit in Greece for a period of 5 years.

Among other advantages of purchasing real estate in Athens, it is worth noting the following:

• warm climate, beautiful nature and clean ecology;
• many beautiful historical places and monuments;
• developed social and tourist infrastructure;
• high level of security;
• the opportunity to relax on the best beaches in the world;
• simple procedure for acquiring real estate;
• affordable housing price range;
• obtaining a residence permit in the event of the acquisition of one or more real estate objects in the amount of 250,000 euros;
• no annual property tax;
• the possibility of obtaining a stable income in the EU from the rental of housing.

It is also worth noting the economic side of the issue. In addition to the fact that buying an apartment here is cheaper than in many other EU cities, the country's banks allow foreign citizens to take out loans to buy real estate.

Buying a property in Athens with a yield of 7% per annum is not difficult, but you need to understand that for this it is very important to choose the right area. If the buyer's goal is to make a stable profit, then it is best to choose a property in a tourist area by the sea. Residential properties in Athens, located close to the beach, are very attractive in this context.

The cost of real estate in Athens

Real estate prices in Athens are quite reasonable, so many people prefer it. New buildings meet the increased requirements of comfort. Residential complexes that are put into operation offer improved conditions, an orderly territory and comply with building codes, which is confirmed by customer reviews. During the sale of projects under construction, developers offer promotions, discounts, installment payments. The secondary fund is mostly in good condition and attracts those who want to save money.

Quality real estate in the central areas of Athens costs from 3 thousand to 4.5 thousand euros per square meter (depending on the age of the house and the quality of construction). You can buy real estate in buildings built less than 10 years ago at a price of 3,000 euros per square meter. Budget apartments are sold on the outskirts of Athens: their price ranges from 1.5 to 3 thousand euros per m².

Types of property for sale

• Potential investors can choose from the following types of property in Athens: residential (apartment, townhouse, house, villa, cottage, mezzanine, etc.);
• commercial (shopping space, office
• space, warehouses, etc.);
• land.

Real estate website in Athens

The GEOLN.COM website with a convenient search interface helps investors to find and buy residential real estate in Athens. On the site you can choose apartments according to the necessary parameters without intermediaries and take advantage of the advice of specialists.

Buying real estate in Athens by foreigners: the nuances of investing

The process of registering a real estate purchase and sale transaction in Athens includes:

• opening a taxpayer identification number (AFM) in the tax office;
• opening a bank account;
• reservation of an object by making a deposit to a bank account (1%); conducting a detailed legal due diligence of the object;
• filing a tax return on the transfer of real estate (available online) and paying tax;
• registration of a preliminary contract, payment of at least 40% of the cost;
• registration of the main contract;
• registration of the purchase in the Cadastral Register.

We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of objects according to individual parameters, provide a comprehensive service to support the safe execution of a transaction. Buying and selling real estate in Athens is carried out by professionals with many years of experience.

Buying a property in Athens is a profitable investment that guarantees living, recreation and rental income in one of the most historically popular cities in the world.