Why invest in Greece
Why invest in Athens
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The Attiki neighborhood is located in north-central Athens and is considered one of the city’s long-established urban areas. Although it is not regarded as a prestigious district, Attiki has been experiencing growing demand—mainly due to its proximity to the city center, affordable real estate prices, and convenient public transportation. The overall character of the neighborhood is working-class, vibrant, and diverse, with long-time residents, immigrants, young people, and, at times, investors seeking value-add opportunities.
The population
A diverse population—including long-standing Greek residents, immigrants from Eastern Europe and Asia, and students.
A high proportion of rental apartments—mainly occupied by lower–middle-class families and foreign workers.
A relatively low rate of private homeownership, creating flexibility in the rental market.
Growing interest from both local and foreign investors due to relatively low property prices.
Public Transportation
- Attiki metro station (an interchange between the Red Line and the Green Line) provides fast access to central Athens and the suburbs.
- Numerous bus lines operate along the main arteries, including Acharnon and Leoforos Ipirou.
- Good accessibility by private car, though parking can be challenging during peak hours.
- A short train ride connects the area to Omonia and Larissa Central Station.
Key Locations and Main Street
The main street of the neighborhood is Leoforos Irakleiou, which also serves as the primary artery connecting the area to other parts of the city. This street is a major transportation route and features shops, restaurants, and cafés that contribute to the neighborhood’s lively character.
Heraklion Park – the neighborhood’s green lung, popular with families, children, and dog owners.
The Heraklion Community Center – hosts workshops, lectures, performances, and exhibitions.
The Heraklion Shopping Center – home to many shops and local businesses.
The Athens History Museum – features collections related to the development and cultural heritage of Athens.
Real Estate in the Heraklion Neighborhood – Athens, Greece
Heraklion is considered a neighborhood with high real estate stability:
Property prices range between €1,800–€2,500 per square meter, depending on location and property condition.
Monthly rent for a 3-room apartment typically ranges between €550–€800.
Rental demand is steady and consistent, mainly from local families.
While some buildings are older, the area also features modern and high-quality residential projects.
Key Advantages for Investors
Public transportation: An active metro station on the Green Line (Irakleio), frequent bus lines, excellent access to major road arteries, and convenient travel by private car.
Established infrastructure and local commerce: The neighborhood’s main street is lined with shops, services, restaurants, and cafés—well suited for long-term residential living.
Nearby points of interest: Heraklion Park, an active community center, a local history museum, and shopping centers.
Urban–community environment: The neighborhood successfully combines moderate urban activity with a well-maintained, community-oriented atmosphere, especially around green spaces.
Critical Considerations for Investors
- There is strong demand for long-term rentals, primarily due to the area’s transportation links and location.
- The area around the metro station is particularly sought after—streets within walking distance command a premium.
- There is no large concentration of Airbnb apartments, making the neighborhood suitable for investors seeking stability rather than short-term returns.
- A transportation infrastructure upgrade plan is in place in the northern part of the city, which may further strengthen demand in the coming years.
