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About Athens

The Greek capital of Athens is a major city in the European Union.

  • Its cultural heritage, climate and hospitality make it a preferred tourist destination.
  • It offers a combination of metropolitan and mediterranean life styles – great restaurants, clubs, the beach in proximity…
  • Being the primary hub to the Greek islands creates constant demand for short term overnight stays by foreign travellers
  • Favorable minimum requirements for Golden Visa applications emerge as another driver of demand for real estate.
  • Athens’ importance as a trading hub for Asia-European trade is well established and on the rise.

These factors lead to a reliable demand for high quality lodging!

State of the Market

  • Real estate prices have retreated since the onset of the past financial crisis and the subsequence debt crisis. Lack of liquidity in the Greek banking sector prolonged the price drop, far below¬† fair value.
  • This situation offers excellent entry opportunity for investors: In late 2018 and 2019 real estate prices started a recovery. We observe this trend reversal ourselves on the ground and the beginning of the trend reversal have been documented by the Bank of Greece’s recent real estate index report.
  • The recovery phase in Greece is in the early stages, which commonly is a good time to invest, for long term appreciation of value and for generation of monthly income with an excellent yield.
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