Athens among top house investment spots

The residential property market of Athens ranks fourth among numerous European cities in terms of how attractive it is as a destination for investors interested in exploiting real estate, according to data prepared by investment company ProfitLevel.

Its survey shows that in the case of Athens, 21.4 years is required for the depreciation of the relevant investment today. This time is calculated based on the property purchase cost and the amount of rent.

As ProfitLevel analyst Lucia Zarska reports to Kathimerini, "compared to last year, we observe an extension of the required payback time by almost four years.

This is due to the fact that home sale prices have increased at almost three times the rate of rental growth."

According to data from Numbeo, which were used for the purposes of the research, the average sale price of a modern property (up to 15...