Are you concerned about the real estate market trends and unsure how to act? Don’t stay confused or uncertain. If you're looking for investment opportunities in the real estate sector in Attica but don’t want to take excessive risks, certain areas offer the best options for you, and we’ve done the research for you. In this article, we examine areas that combine high returns with low risk, ideal for investments that offer stability and long-term profits.
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Western Suburbs (Agia Varvara, Aigaleo, Nea Filadelfeia)
The western suburbs of Athens, which were undervalued until recently, are emerging as one of the most attractive areas for investments. With real estate returns reaching 8.2% in areas like Agia Varvara, these areas offer low purchase prices compared to other more central or touristy locations. A factor that significantly increases their appeal is their excellent connection to the center of Athens via public transportation, which has become increasingly important in recent years, drawing families, students, and visitors. The development of the metro network and the ongoing urbanization make these areas even more suitable for investments.
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Piraeus and Surrounding Areas (Kamina, Nikaia, Keratsini)
Piraeus is the heart of Greece’s commerce and transportation, a factor that historically makes it a strategic location for real estate investments. Piraeus’ areas are not as expensive as some central Athens neighborhoods and offer stable returns, especially for those looking for residential or commercial properties at lower prices. The continued upgrading of the port and Piraeus' development dynamics continue to enhance the value of these areas. Additionally, the completion of major infrastructure projects, such as the Piraeus metro and the area’s regeneration, is expected to further boost the real estate market. The demand for housing in Piraeus, especially from students and young professionals, is expected to remain strong due to its proximity to central Athens and the lower prices compared to other areas.
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Eastern Suburbs (Marathon, Koropi, Spata)
The eastern suburbs of Attica, with areas such as Koropi, Marathon, and Spata, offer attractive options for real estate investments, as they are areas with lower purchase prices while offering excellent access to the airport and suburban rail, as well as quick access to the sea. These areas are popular destinations for holiday homes and tourist accommodations, making real estate in these regions an interesting prospect for investors seeking stable returns.
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Northern Attica Areas (Acharnes, Nea Filadelfeia)
In areas of Northern Attica, which still have "uncharted" development potential, such as Acharnes and Nea Filadelfeia, real estate investment is an excellent option for those seeking a relatively low-cost investment with returns that surpass the market average. New infrastructure and the upgrading of these areas offer opportunities for those looking to take advantage of the development. However, it’s advisable to collaborate with an experienced real estate agency and thoroughly familiarize yourself with the area before making an investment.
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Other Areas in Attica (Lavrio, Oropos, Markopoulo)
The areas of Lavrio, Oropos, and Markopoulo, with their low property prices, offer investors opportunities that they couldn’t find within Athens. The property yield in areas like Lavrio, at 7.9%, shows that investing in these areas can offer high returns with low risk, as the demand for holiday homes and tourist accommodations remains high. It’s essential to research each area’s specifics (Lavrio, Oropos, Markopoulo), such as infrastructure, transportation, future developments, and tourist traffic.
Advice for Successful Investments
To reduce risk and maximize your returns, prefer properties in areas with developmental prospects, but without excessively high prices. Focus on areas with good transportation connections and infrastructure (such as metro, ports, airports), as well as those showing tourist or commercial growth. By investing in less-developed areas, you can find opportunities with high returns and low risk.
Before making any investment, conduct thorough market research and consult experts to analyze long-term trends, focusing on areas that offer stable development prospects.
Experience and Expertise of IRG PRO
Our agency, IRG PRO, has extensive experience and specialization in the real estate market in Athens and its suburbs. With a vast property portfolio and a strong network of partners, we are capable of helping every client select the best investment opportunities that meet their needs.
Contact us today for a free consultation and discover the hidden opportunities in the Attica real estate market. Our team will guide you step-by-step to a safe and profitable investment.
