Nikafora Nikaia
250k development GV in Nikaia
Description
- Growing Demand: Piraeus is a growing city with a growing population, driven by its strategic location and economic development. As a result, there is a growing demand for residential and commercial properties.
- Limited Supply: Piraeus has a limited supply of new properties, which means that demand often outstrips supply. This creates a competitive market for investors, driving up prices and returns.
- Rent Yield: Piraeus has a high rent yield compared to other European cities, making it an attractive option for real estate investors. Rental yields can range from 5-8% per annum, depending on the type of property and location.
- Capital Appreciation: Piraeus has seen significant growth in property prices over the past few years, driven by its growing popularity and economic development. This means that investors can expect to see significant capital appreciation over time.
- Strategic Location: Piraeus is strategically located near Athens, Greece's capital city, making it an attractive option for those who want to be close to the city but also have access to the port and sea views.
- Infrastructure Development: The Greek government has announced plans to invest in the development of Piraeus' infrastructure, including new roads, public transportation systems, and commercial developments. This will improve the quality of life for residents and make the area more attractive to investors.
- Tax Incentives: Greece offers a range of tax incentives for real estate investors, including tax breaks on rental income and capital gains tax exemptions.
- Low Entry Costs: Compared to other European cities, Piraeus has relatively low entry costs for real estate investors. This makes it an attractive option for those who want to get into the market without breaking the bank.
- Tourism Growth: Piraeus is a popular tourist destination, with many visitors drawn to its historic charm, cultural attractions, and scenic views. This growth in tourism is driving demand for short-term rentals and hotels, making it an attractive option for investors who want to diversify their portfolio.
- Government Support: The Greek government has been actively promoting Piraeus as a major logistics hub, with initiatives such as tax breaks and incentives for businesses that invest in the area. This support is expected to continue, driving growth and investment in the region.
Some popular investment options in Piraeus include:
- Apartments: From studios to three-bedroom apartments, there are many options available for investors who want to buy-to-let or renovate and sell.
- Commercial Properties: Offices, shops, and restaurants are all in high demand in Piraeus, making it an attractive option for investors who want to diversify their portfolio.
- Warehouses: With the port's growth potential, warehouses are becoming increasingly popular as a safe-haven investment option.
- Development Projects: Investors can also participate in development projects in Piraeus, such as converting old buildings into luxury apartments or creating new residential complexes.
Overall, investing in real estate in Piraeus offers a range of benefits, including strong rental yields, capital appreciation, strategic location, and tax incentives.
Read MoreCondition
Close to
- Airport: 42
- Supermarket: 300m
- Bars/Restaurants:
- Shopping Centre:
- ATM/Bank: 400m
Amenities
- Autonomous cooling-heating pump
- Electric Car Charging Socket
- Elevator
- Grohe Sanitary Ware
- Photovoltaic systems (Solar Panels)