Greece Real Estate Market: Athens’ Top Short-Term Rentals

Explore Athens' commercial triangle, where Monastiraki, Plaka, and Koukaki thrive as prime spots for short-term rentals in the Greece real estate market.

The commercial triangle of Athens, delineated by the bustling squares of Syntagma, Omonia, and Monastiraki, serves as a veritable epicenter of urban activity. This area encompasses renowned locales such as Monastiraki, Plaka, and Psyrri, alongside the increasingly popular district of Koukaki. These neighborhoods have emerged as the Greek capital's most sought-after destinations for short-term rentals, attracting both tourists and investors alike.

According to meticulously analyzed data from AirDNA, as reported by Kathimerini, the commercial triangle boasts an impressive tally of 505,965 overnight stays annually. This staggering figure translates to an average of 165 days of occupancy per rental unit—a testament to the area's allure. In contrast, Koukaki, while slightly less frequented, still garners a respectable 232,611 overnight stays, equating to approximately 148 days per unit.

It is noteworthy that the majority of accommodations within this vibrant city center are either owned by astute investors or managed by professional companies, further contributing to the dynamic nature of Athens' hospitality landscape. As the city continues to evolve, one might ponder whether the influx of short-term rentals will ultimately enhance or detract from the rich tapestry of Athenian life.