The Comprehensive Guide to Apartments for Sale in Athens
Athens has transformed from a city primarily known for its ancient ruins and summer tourism into one of Europe’s most promising real estate markets. The Greek capital now attracts a diverse group of buyers, including international investors, digital nomads, and local residents looking for value and long-term growth. This shift is driven by a unique combination of relatively affordable property prices, growing rental demand, and the city’s ongoing modernization.
The appeal of Athens lies in its balance between historical charm and modern urban living. Apartments in the city range from restored neoclassical homes in the historic center to contemporary developments along the southern coast. Infrastructure upgrades, such as new metro lines and urban regeneration projects like The Ellinikon, have further boosted Athens’ attractiveness. For international buyers seeking both lifestyle and investment potential, Athens stands out as a compelling choice in 2025.
The local real estate market has shown resilience, with property prices steadily increasing since 2020. Demand is fueled by a booming tourism sector, which supports short-term rental yields, and a growing population of long-term foreign residents and remote workers. For those exploring apartments for sale Athens, the city presents a wide range of opportunities across different neighborhoods and price points. Compared to other European capitals like Madrid or Lisbon, Athens still offers lower entry prices, making it appealing for those looking to buy an apartment in a European Union city without paying premium rates.
Key Neighborhood Overview
Neighborhood | Average Price per m² | Property Types | Target Audience |
Kolonaki | €4,000 - €7,000+ | Luxury apartments, renovated classics | Affluent professionals, investors |
Kifissia | €3,000 - €5,000 | Spacious apartments, garden homes | Families, long-term residents |
Glyfada | €2,800 - €4,500 | Modern complexes, sea-view apartments | International buyers, summer residents |
Plaka | €3,500 - €6,000 | Renovated neoclassical, traditional homes | Cultural enthusiasts, investors |
Gazi-Kerameikos | €2,500 - €4,000 | Lofts, modern conversions | Young professionals, artists |
Each area in Athens offers its own character and investment potential. Central neighborhoods such as Plaka and Monastiraki feature historic apartments with high tourism demand. These properties are ideal for investors interested in short-term rental income, thanks to their proximity to landmarks like the Acropolis and bustling pedestrian streets.
In contrast, the northern suburbs like Kifissia and Ekali attract families and professionals who value space, greenery, and access to top schools. These areas are well-connected by public transport, making commuting to the city center easy while offering a quieter lifestyle.
The southern coastal suburbs, particularly Glyfada and Voula, have become hotspots for international buyers. With modern apartment complexes, sea views, and a vibrant social scene, they are perfect for those seeking a resort-like atmosphere year-round. Many developments here include amenities such as swimming pools, fitness centers, and private parking.
Emerging districts such as Gazi and Metaxourgeio have undergone rapid transformation in recent years. Once industrial zones, they are now thriving cultural hubs filled with art galleries, trendy cafes, and loft-style apartments. These neighborhoods present strong growth potential, especially for younger buyers and investors looking for properties with rising value.
Investment Performance and Rental Yields
The Athens apartment market offers solid returns compared to other European capitals. Central areas typically generate gross rental yields between 4% and 7%, with properties near tourist attractions achieving the highest performance. The combination of short-term rentals for visitors and long-term rentals for digital nomads and expats creates consistent demand.
Tourism continues to play a critical role in the city’s rental market. In 2024, Athens saw record-breaking visitor numbers, and projections for 2025 indicate further growth. Apartments located in well-connected, tourist-friendly neighborhoods enjoy high occupancy rates throughout the year, making them a reliable source of income.
For long-term rental strategies, areas like Kifissia and Marousi are attractive due to their concentration of international companies and educational institutions. These districts cater to professionals and families seeking stable housing options.
Buying Process for Foreign Investors
Greece has simplified its property purchasing procedures in recent years, making it easier for non-EU citizens to buy apartments in Athens. The process, while straightforward, requires careful preparation:
Greek Tax Number (AFM): The buyer must first obtain a tax identification number.
Due Diligence: A lawyer reviews the property’s legal status, ownership, and planning permissions.
Preliminary Agreement: A notary drafts a reservation agreement and handles legal paperwork.
Final Contract: The buyer signs the purchase deed before a notary and completes payment.
Registration: The property is recorded with the Land Registry and Cadastre.
Transaction costs typically add 10–15% to the purchase price, covering transfer taxes, legal fees, and notary services. It’s essential to work with experienced professionals to ensure smooth processing and avoid potential issues with property titles or outstanding debts.
Legal Considerations and Golden Visa Program
The legal system in Greece provides strong protection for foreign buyers. Recent reforms have streamlined property taxation and increased transparency. A significant benefit for non-EU investors is the Golden Visa program, which grants residency to individuals who purchase property worth €250,000 or more. This program has been a key driver of international interest, particularly among buyers from the Middle East, Asia, and the United States.
For those considering this path, apartments in central Athens and the southern suburbs are particularly attractive due to their strong rental potential and long-term value growth. The residency permit allows free travel within the Schengen Zone, adding another layer of appeal.
Practical Advice and Future Outlook
Before purchasing, buyers should define their investment strategy. Whether the goal is rental income, capital appreciation, or a permanent residence, different neighborhoods and property types suit different objectives. Location remains the most critical factor, with proximity to metro lines, cultural landmarks, and amenities influencing both rental demand and resale value.
The future outlook for the Athens apartment market is positive. Ongoing projects like The Ellinikon redevelopment, improvements to public transportation, and continued economic growth will support property values. Emerging districts offer opportunities for early-stage investors, while established areas continue to provide stability and liquidity.
By combining thorough research with professional guidance, buyers can navigate the market effectively and secure properties that meet their financial and lifestyle goals. Apartments for sale in Athens represent not just a real estate purchase, but an entry point into one of Europe’s most dynamic and culturally rich cities.
Final Thoughts on Apartments for Sale in Athens
The Athens real estate market in 2025 is positioned for steady growth, driven by urban regeneration, strong tourism, and increasing international demand. While prices have risen in recent years, the city remains more affordable than many other European capitals, creating room for further appreciation.
For investors, this is a key moment to enter the market. Neighborhoods like Plaka and Monastiraki continue to deliver strong short-term rental yields, while Glyfada and Voula offer luxury seaside living with excellent long-term growth potential. Emerging districts such as Gazi and Metaxourgeio are particularly appealing for those looking for early-stage opportunities in rapidly developing areas.
To maximize returns and minimize risks, buyers should:
Work with local real estate agents who understand neighborhood dynamics and market trends.
Engage experienced lawyers and notaries to handle legal due diligence and transaction paperwork.
Consider property management services if planning to rent the apartment, especially in the short-term rental market.
Stay informed about taxation changes and regulatory updates that may affect rental income or ownership costs.
Athens combines lifestyle appeal with solid investment fundamentals. Its rich cultural heritage, Mediterranean climate, and ongoing modernization make it a unique destination for both living and investing. Whether you are purchasing a pied-à-terre in the historic center or a luxury apartment by the sea, Athens offers diverse options for every type of buyer.
By approaching the process with careful planning and professional support, investors can confidently participate in Athens’ exciting property transformation, securing both financial returns and a place in one of Europe’s most vibrant cities.
