Property buyers turn to northern suburbs

More and more candidate buyers are turning to the property market in the northern suburbs of Athens because they cannot or will not match the increased demands of apartment sellers in the city center or the southern suburbs.

This constitutes yet another swing in demand within Attica, stemming from the price rally in various districts of central Athens that typically include low-quality and old properties, as well as the southern suburbs, which boast a high number of purchases by non-European Union citizens wishing to obtain a five-year residence permit, or "Golden Visa."

According to the annual market analysis by Eurobank Property Services, Greek buyers have started shifting to areas such as Psychico, Kifissia and other suburbs with more affordable options, because of the great rise in prices in the city center.

Several areas in the northern suburbs continue to...