Protio: new areas that have emerged as important income property investments
Protio:  new areas that have emerged as important income property investments
  Economy  |  Greece  |  Analysis

Protio: new areas that have emerged as important income property investments

The research primarily focused on analyzing investment performance in different regions, with a special emphasis on estimating property values and potential rental income.
RE+D magazine
25.01.2024

For the fourth quarter of 2023, Protio presents its latest analysis of real estate trends in the domestic market, with a focus on the Attica region.

The study relies on various data and indicators that are analyzed with the help of artificial intelligence tools. These tools provide valuable insights into the trends of the real estate market. By using this technology, it becomes possible to gain a more precise and comprehensive understanding of the changes taking place in the market, along with the opportunities that arise in the real estate sector.

The research primarily focused on analyzing investment performance in different regions, with a special emphasis on estimating property values and potential rental income. 

Based on the latest data from Protio, Amerikis Square has now climbed to the top of the list with a return of 7.2%. This is a significant improvement from the previous semester when Aegaleo was in the lead with a return of 8.2%. Nikaia, which had a return of 7.9%, has dropped from the top three positions. The area of Patisia, with 7.8%, has also been displaced, and the current top three regions are Attiki with a return of 7.1%, followed by Victoria Square with 6.9%. Although both regions had lower performances than the previous semester (7.7% and 7.1%, respectively), they still remain among the top performers.

There are some new areas that have emerged as important income property investments, which have expanded the map of investment opportunities. These include the Polytechnic area with 6.7%, Peristeri, and Kypseli with 6.3%, Aigaleo with 6%, Perissos (Neas Ionias), and Agia Sofia (Piraeus) with 5.9%, and Korydallos with 5.8%.

These new additions offer investors a wide range of opportunities in various parts of the city, strengthening the image of a dynamic and diversified market. The growing demand for real estate across the map of Attica, along with rising rents and asking prices, as well as the improvement of urban infrastructure, have contributed to the upward trend in yields and the change in the top 10 regions.