In 2025, the real estate market in Athens is showing strong activity, with areas like Pagkrati, Exarchia, and Kypseli standing out for their high demand in renovations. These neighborhoods are attractive due to their central location, historical and cultural value, and increasing investment interest.
1. Pagkrati: The Elegant Choice
Demand and Key Drivers
Pagkrati attracts young professionals, students, and investors thanks to its vibrant atmosphere, proximity to the city center (e.g., Syntagma Square), and excellent metro connections. Many apartments from the 1960s and 1970s are being renovated for private residence or short-term rentals (Airbnb).
Renovation Costs
Full renovation costs start at €200/sq.m., depending on materials and scope of work.
Tips
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Invest in modern windows and elevators.
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Prioritize energy efficiency upgrades to lower operational costs.
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Work with professionals to ensure guaranteed results.
2. Exarchia: The Alternative Choice
Demand and Key Drivers
Exarchia is a hub for students and young creatives due to its proximity to universities and rich cultural scene. Lower purchase prices compared to other central areas offer high rental returns.
Renovation Costs
Renovation prices start at €180/sq.m.
Tips
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Choose smaller apartments up to 50 sq.m.
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Create modern spaces with bold aesthetics.
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Check for moisture issues and structural stability.
3. Kypseli: The Up-and-Coming Choice
Demand and Key Drivers
Kypseli is emerging as a multicultural area with significant public space improvements. Affordable prices and its closeness to the center encourage investment.
Renovation Costs
Renovation starts from €200/sq.m., depending on the renovation package.
Tips
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Take advantage of the “Renovate-Rent” government program.
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Focus on functionality (e.g., natural gas, parking space).
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Preserve traditional features like mosaic floors.
General Reasons Behind Increased Renovation Demand in 2025
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Rising Rents: Rental prices increased by 5.6% in 2024 compared to 2023.
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Aging Properties: 75% of rental properties in central Athens are over 20 years old.
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Short-Term Rentals: Platforms like Airbnb increase the demand for modernized homes.
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Energy Efficiency: Improving energy performance is a top priority for owners and tenants alike.
Tips for Smart Property Purchases & Renovations
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Conduct comparative market research in Pagkrati, Exarchia, and Kypseli.
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Develop a clear plan and budget.
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Collaborate only with experienced professionals who provide guarantees.
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Choose durable, high-quality materials.
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Carry out thorough legal checks before purchasing a property.
Contact Sun Design & Construction
Ready to transform your property in Pagkrati, Exarchia, or Kypseli?
Sun Design & Construction offers tailored renovation solutions with a focus on quality, consistency, and transparency.
Request your free assessment and custom quote today.
Take the first step toward a modern, functional, and high-value property!
With our experience and commitment to excellence, Sun Design & Construction is your ideal partner for renovation projects in 2025.