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The Zografou neighborhood is located in eastern Athens, at the foothills of Mount Hymettus, and borders the districts of Ilisia, Kaisariani, and Politeia. It is a large, green, young, and dynamic area, best known for its higher education institutions, such as the National and Kapodistrian University of Athens (EKPA) and the National Technical University of Athens (Polytechnic). The neighborhood is characterized by a strong student atmosphere, a fast-paced lifestyle, a mix of busy streets and green paths, and reasonable accessibility to the city center.

The population

  • A young population — students, lecturers, researchers, and temporary residents.
  • A strong presence of local middle-class families.
  • A high proportion of renters — mainly small apartments around the universities.
  • Interest from foreign investors — primarily focused on long-term student rentals.

Transportation

  • Numerous bus lines connect the neighborhood to the city center, universities, and key destinations.
  • The Blue Line metro (Evangelismos station) is located a short distance away, accessible via Ilisia.
  • Good accessibility by bicycle and on foot to nearby areas.
  • Dense internal traffic during morning hours, with parking challenges near academic institutions.

Key Locations and Main Streets

  • The National and Kapodistrian University of Athens (EKPA) campus and the Polytechnic — central anchors of the neighborhood.
  • Parks, walking paths, and green areas — especially in the northeastern part of the district.
  • Community centers, student cafés, and public libraries.
  • G. Papandreou Street and Stratarchou Papagou Street — neighborhood commercial arteries.

Real Estate in the Zografou Neighborhood

Investments in Zografou are particularly suitable for those seeking stable tenants with high turnover:

  • Apartment prices typically range between €1,300–€1,900 per square meter, depending on proximity to the campus and the condition of the property.

  • Average monthly rent for small apartments ranges from €350–€600, while family apartments typically rent for €600–€800.

  • Strong rental demand from students — with short-term but continuous lease cycles.

  • Good potential for renovating older apartments in the student-oriented areas.

Key Advantages for Investors

  • A young and growing population — generating continuous rental demand.

  • Affordable entry prices — compared to nearby neighborhoods closer to the city center.

  • Solid yield potential — primarily from standard long-term rentals rather than tourist leasing.

  • Well-developed local services — including commerce, education, community facilities, and transportation.

Critical Considerations for Investors

  • Not a tourist-oriented area — less suitable for Airbnb or short-term rentals.

  • Seasonal rental demand — influenced by the academic calendar.

  • Varying building conditions — many apartments require renovation and upgrades to modern standards.

  • High density near the campus — leading to noise, traffic congestion, and parking challenges.

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.