Overview

We are going to carry out an extensive renovation that includes 10 new and furnished student apartments. We will add a gym and a rooftop to the building for the well-being of the tenants. Also, we will replace all the systems in the building – plumbing, electricity, sewer connection, etc. and in fact we will make the building completely new.

The building is located in the heart of the Egaleo neighborhood – about a 7-minute walk to the third largest university in Athens, which has 65,000 students, and about fifteen minutes from the metro station leading to the city center. The building’s proximity to the university and its purpose adds to its value and ensures a high demand for apartments.

Why the project is so attractive?

When we buy buildings in Athens we look for significant “anchors” and the proximity to the metro station and the proximity to the university are definitely a significant anchor that will increase the level of rental demand in the building.

A little about the Egaleo neighborhood

The Egaleo neighborhood is a diverse and vibrant neighborhood located in the western part of Athens, Greece. It is part of the metropolitan area of ​​Athens and is located about 5 kilometers southwest of the city center. Egaleo has a rich history, a unique character and a combination of residential, commercial and cultural attractions. Aglao has historical significance as it was one of the main battlefields during the Greek War of Independence against the Ottoman Empire in the 19th century. Egaleo Hill, where battles took place, is now home to a monument dedicated to the Greek Revolution.

The neighborhood is known for its diverse population, where people from different ethnic backgrounds live in harmony. This diversity is reflected in the local culture, cuisine and business. Aglau has a bustling commercial center with shops, markets and restaurants. You will find a wide variety of goods and services, from fresh produce in the local markets to international cuisine in restaurants and cafes.

The neighborhood is well connected to other parts of Athens by public transport. There are bus and trolleybus lines that provide easy access to the center of Athens and other parts of the city. In addition, the Egaleo metro station serves line 3 of the Athens Metro, offering a convenient way to navigate the city.

The Egaleo neighborhood is home to educational institutions such as the Technological Educational Institute of Western Greece and the University of Western Attica. A total of 65,000 students study at the university, residents and visitors can enjoy various parks and green spaces in Agalo, which provide opportunities for leisurely walks and outdoor activities. The Diomidos Botanical Garden is a prominent green area within the neighborhood. The Egaleo Sports Hall is a popular venue for sporting events and concerts. It hosts basketball games and other sporting events, as well as cultural performances and concerts.

The residential areas in Egaleo consist of a mix of apartment buildings, houses and condominiums. The housing options cater to a variety of budgets, making it an attractive place to live for people from different socioeconomic backgrounds.

Property Highlights

Local Highlights

Why should you Invest in Athens?

• The capital of Greece
• Financial, cultural and industrial center of Greece
• Non-stop tourism over 7.5 million tourists a year
• Athens has about 4.5 million inhabitants
• Real estate prices are lower than prices in other European capitals
• High returns on assets
• Taxation benefits

Interested?

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