Living in Athens, Greece

by Iyna Bort Caruso

Athens is a time machine of a city. The capital of Greece and historical capital of Europe, it is the birthplace of democracy and the cradle of Western civilization. Ancient buildings built at the hands of successive occupants stand side by side with monuments by modernist architectural pioneers like Walter Gropius and Eero Saarinen.

This bustling, fascinating city of hills and sacred spaces is bordered by the Saronic Gulf. A pedestrian zone sits at the historic core--one of Europe’s largest. From there, a great archeological park that includes the Temple of Olympian Zeus, Hadrian’s Arch, the ancient theatre of Dionysus and the Acropolis with the Parthenon are all accessible.

Athens offers investors good value. The neighborhood of Plaka is in heart of the city and one of its oldest quarters. It has the narrow labyrinthine streets to prove it. Some call it the Neighborhood of the Gods. Plaka is situated at the foothills of the Acropolis. In one small section leading up to the site is a cluster of pretty, white homes, typical of the architecture of the Cycladic Islands in the Aegean Sea. Kifissia, in the northern suburbs of Athens, is one of the wealthiest areas, a lush and elegant district of fine villas, top restaurants and designer shops. Kolonaki, at the base of Lycabettus Hill, is a chic address for well-heeled Athenians. Outstanding examples of Bauhaus and Art Deco architecture can be found here. Fourteen Blue Flag beaches are just a short ride away from the city’s center.

International buyers include many with Greek family roots, especially from European Union member countries and North America. Non-EU buyers who purchase or rent property valued at more than 250,000 euros are entitled to residence permits valid for five years with an option to renew. The residency perk has boosted interest from Russian and Chinese investors.

Discover luxury real estate in Athens, Greece