Athens-Attica Estate Agents Association

Koukaki, the central Athens neighborhood at the foot of the Acropolis, has been living in a parallel economic universe compared to other parts of the capital, thanks to the boom in short-term leasing becoming part of the investment plans of foreign investors.

"What we are experiencing is the end of the era of home ownership in Greece as households can no longer save to buy property," says Nikos Hatzitsolis, chief executive at real estate firm CB Richard Ellis-Axies, underscoring the fundamental changes that the crisis has triggered in the Greek property market.