Property in Athens — Achieve a profitable investment in the Greek capital.
The Coup opens the market to exclusive real estate projects in Athens — a city facing hype.
Athens is one of the most exciting cities in Europe right now. Following a long period of austerity, the city is pulsating creatively and touristically and is facing a hype marked by a generation with an enormous need to catch up. Athens is no longer just a stopover on the journey to a Greek island, but a destination for people from all over the world who want to experience the new hustle and bustle amidst historical treasures.
The new Athens
The geographical location as an intersection of Europe, Asia and Africa, as well as the successful Golden Visa program attract numerous international investors. The capital Athens is the economic, political and cultural centre of the Attica region, which has a population of 3.7 million. With the current strong economic growth and the change of government in the summer of 2019, the city also becomes highly attractive for Central and Western European investors.
The new conservative government under Prime Minister Kyriakos Mitsotakis is actively creating the conditions for an investor-friendly environment with tax and bureaucracy relief. The new mayor of Athens, Kostas Bakogiannis, is carrying out extensive modernisation measures in the city. With the public-private initiative “Adopt Your City” private companies, organisations and individuals become part of the improvement of whole communities.
The Hellinikon Project in Athens is the largest investment project in Europe with an investment volume of 8 billion euros and will be completed in the next years. The project includes cultural and entertainment centres, hotels and casinos, residential areas, offices, shopping centres, parks and much more.
Condominiums in Athens
The cost of residential real estate in Greece has been significantly reduced in recent years. After the financial crisis, the acquisition costs for condominiums in downtown Athens are therefore low compared to other European metropolises. However, the general expectation is that this situation will not last long. Now is the time for an investment! The trends are confirmed by the recently published statistics of the leading real estate portal Spitogatos (Greek for “house cat”), which shows rapidly rising rents as well as strong developments in the supply market of the purchase real estate. Providers such as Blueground are opening their investor services in Athens, where condominiums are rented in a full-service concept to the sought-after target group of professionals who stay short-term in the city.
All-round service for purchase and rental
The Coup works closely with Greece’s leading project developers to offer European investors an extensive portfolio of premium condominiums. Popular investment areas include the downtown and seaside areas on the Athens Riviera.
Kolonaki is the exclusive neighbourhood near the city centre’s junction, Syntagma, and boasts upscale restaurants and boutiques. The trendy district of Gazi convinces young expats in particular with its multitude of bars, clubs and the large concert hall. Metaxourgio and Plaka are located in the historic centre of Athens around the Acropolis. Neos Kosmos and Kallithea are popular residential areas between the centre and the sea, and Voula is Athens’ most sought-after seaside neighbourhood, where the feeling of a summer holiday arises all year round.
With the experts on site, a first-class 360° service is offered for the acquisition of real estate in Athens. An important partner is Estia, a leading property developer in Athens, which specialises in high-quality properties and is renowned for its outstanding architecture. With a strong international foothold, Estia Group is an important example of entrepreneurial extroversion in the Greek economy.
Estia’s property developments feature amenities and premium features such as Jacuzzis on the private terrace and communal areas such as rooftop gardens with a pool, which contribute to the quality of life under the Athenian sun. The Coup brings the hand-picked projects with the wide range of modern lifestyles to foreign investors.
Estia Group customers benefit from a strong team of legal and financial advisors who support them in implementing the lowest possible acquisition costs throughout Europe. On client request, furnishing and 100 per cent rental management will also be provided.
Our experts are available to contact for a high-yield property acquisition in Athens. More information at https://athens.thecoup.de/.