Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
Where is Athens in Greece, and why buy luxury properties in or invest into real estate in Athens starts with the city is well-connected to islands, Europe, Noerth America and Asia, making it attractive for both residents and investors alike.
Athens, the capital and largest city of Greece, is located in the Attica region in the southern part of the country, on the Aegean coast, and is surrounded by mountains on three sides with the fourth area opening to the Saronic Gulf.
Athens, often referred to as the birthplace of democracy and Western civilization, is a major regional, political, and cultural hub.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Investors can choose from a wide range of different types of investments in Athens Greece real estate listed by owner or agent, from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus investment land, with or without planning permission, that can be developed on or sold again for future real estate development.
If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.
Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.
Real Estate Agents and Property Developers in Athens, Greece
