The Sepolia neighborhood is located in northwestern Athens, near areas such as Attiki, Kolonos, and Peristeri. It is a relatively dense urban neighborhood, characterized by a mix of older residential buildings, local shops, and an authentic, everyday Greek atmosphere. In recent years, there has been some modest urban renewal, but most of the neighborhood still retains a working-class, local, and non-touristic character.

The population

  • Most residents are Greeks from the lower–middle class, alongside immigrant communities (mainly from Albania, Bulgaria, and Pakistan).
  • A high proportion of renters—some of them temporary residents—resulting in relatively high turnover.
  • A relatively young population, including early-stage families and blue-collar workers.
  • Low involvement of foreign investors, though there is growing interest in areas near metro stations.

Transportation

    • Sepolia metro station (Red Line) provides easy access to central Athens and Syntagma Square.

    • Main streets such as Dervenakion and Antigonis serve as important transportation arteries.

    • Public transportation is generally good, though not always consistent—bus lines connect the neighborhood to nearby areas.

    • Heavy traffic along the main streets, with parking challenges in the more densely populated zones.

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Key Locations and Main Street

  • Sepolia Square – a neighborhood hub with small shops, bakeries, and local cafés.
  • Small parks and public gardens – mainly located around schools and kindergartens.
  • Public educational institutions, community centers, and modest local facilities.
  • Commercial streets with clothing stores, household goods shops, and basic local services.

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 the location and condition of the property.

  • Monthly rent for a 3-room apartment typically ranges from €550–€800.

  • Rental demand is steady and consistent, mainly from local families.

  • While some buildings are older, the area also includes modern and high-quality residential projects.

Key Advantages for Investors

  • Public transportation: An active metro station on the Green Line (Irakleio), frequent bus services, excellent access to major road arteries, and convenient travel by private car.
  • Established infrastructure and local commerce: The neighborhood’s main street is well-served with shops, services, restaurants, and cafés—making it suitable 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 balances moderate urban activity with a well-maintained, community-oriented atmosphere, particularly 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 significant concentration of Airbnb apartments, making the neighborhood suitable for investors seeking stability rather than short-term yields.
  • A transportation infrastructure upgrade plan is in place in northern Athens, which could further strengthen demand in the coming years.

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.