Investing in central Athens: opportunity or trap?
Central Athens has demand, but also huge variation from block to block. The general picture is not enough for a specific purchase.
01
The block matters
Pavement, lighting, noise, access and land uses change the experience. A property on a main road can be less profitable than one on a quiet side street.
Distance to the metro is not enough. The quality of the walk and evening safety affect demand.
02
Cost and liquidity
Old buildings often need installations, insulation and renovation. The cost must be calculated before the offer.
Resale depends on the pool of buyers who can finance. Liquidity is part of the return.
“The centre is not one market. It is many small markets side by side.”
This article is general information and does not constitute legal, tax or investment advice.
The Journal
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The Journal
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