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Spitogatos: The areas investors are chasing in the housing market

Asking-price data points to stronger indicative rental yields in affordable parts of Athens, Piraeus and regional Greece than in the most expensive suburbs.

Residential property photograph accompanying Capital.gr's Spitogatos report

A June 2025 Capital.gr report on Spitogatos Insights data compares asking rents with asking sale prices across Greece. The resulting yields are indicative, not returns achieved by an investor: purchase costs, taxes, repairs, vacancies and the eventual negotiated prices all matter.

The pattern in Attica is striking. More affordable neighbourhoods in central Athens, including Patission–Acharnon, Kypseli and Goudi, attract attention alongside parts of Piraeus. Agios Ioannis Rentis is reported at 6.5%, Kaminia at 5.8% and Tavros at 5.6%. Further out, Lavrio reaches 7.9% and Oropos 6.6% in the reported figures.

High purchase prices compress the indicative yield in sought-after northern and southern suburbs. The source puts Glyfada and Nea Smyrni near 3.6%, illustrating why a prestigious address does not necessarily translate into stronger rental cash flow.

The comparison extends beyond Athens. In Thessaloniki, western districts and areas close to the centre offer higher indicative yields; Xirokrini–Panagia Faneromeni approaches 7.9%. In regional towns, the report cites even higher figures, including Didymoteicho at 11%, Ptolemaida at 10.3% and Kozani at 9.3%.

Our view: a headline yield is a screening tool, not a purchase decision. Test local rental demand, realistic occupancy, building condition, transaction costs and resale liquidity before comparing properties. Read the original Capital.gr reporting for the complete geographic breakdown and methodology.

Source: Capital.gr ↗

GR Investor commentary inspired by this source; not a reproduction of the original article.

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