Exarchia is located north of Syntagma Square, between Kolonaki and Patisia, and is considered one of the most distinctive and thought-provoking neighborhoods in Athens. It is an area with a bohemian, political, and cultural character, serving as a hub for activism, street art, intellectuals, and students. Alongside picturesque streets, lively squares, bookstores, and galleries, the neighborhood also experiences periods of tension and instability—creating a unique dynamic, but also posing challenges for investors.

The population

  • A mix of students, artists, political activists, and long-standing residents.
  • A high proportion of renters — mainly in small apartments or shared housing.
  • A young, diverse, and multicultural population.
  • Some interest from foreign investors, though still limited due to the neighborhood’s reputation.

The population

  • A mix of students, artists, political activists, and long-standing residents.
  • A high proportion of renters — mainly in small apartments or shared housing.
  • A young, diverse, and multicultural population.
  • Some interest from foreign investors, though still limited due to the neighborhood’s reputation.

Key Locations and Main Streets

  • Exarchia Square — the heart of the neighborhood and a focal point for social and political activity.
  • Libraries, second-hand bookstores, galleries, and alternative cultural institutions.
  • Proximity to the University of Athens — attracting students and academics.
  • Graffiti-covered walls, small clubs, and cafés with a strong political and social identity.

Real Estate in the Exarchia Neighborhood

The neighborhood offers relatively accessible investment opportunities — with high potential but increased risk:

  • Apartment prices range between €1,200–€1,800 per square meter, depending on location and property condition.

  • Monthly rent for 2–3 room apartments ranges from €350–€650, depending on size and proximity to the square.

  • Strong demand for small apartments from students and young foreign residents.

Key Advantages for Investors

  • Affordable entry prices — compared to other central neighborhoods.

  • Strong rental demand from young people and students.

  • Ongoing cultural growth — galleries, creative communities, and events.

  • Long-term value-add potential — if controlled urban development takes place.

Critical Considerations for Investors

  • A sometimes challenging reputation — due to demonstrations, graffiti, and occasional clashes with police.

  • Inconsistent building maintenance — many properties are older and require renovation.

  • Risk for tourist rentals — the area is less attractive to traditional tourists.

  • High volatility — prices can be influenced by social and political events.

A little about the author of the article

Elazar Kaykov

Partner and Founder

A native of Kibbutz Tel Katzir in northern Israel, he currently lives in Tel Aviv with his wife, a real estate investor, entrepreneur, with 7 years of experience in marketing and sales, a former officer and in the reserves. Elazar brings with him 4 years of experience in real estate, during which he worked at Natam, a company specializing in commercial real estate. Elazar managed the Tel Aviv team at the company.