Greece: Engel & Völkers opens Market Center in Athens

Engel & Völkers continues its international expansion with the opening of a Market Center (MC) in Athens. It operates from the Athens Tower 1, the highest building in Greece, with office premises spanning approx. 700 square metres. Premium residential property will be brokered from this central service platform throughout the entire metropolitan area and in coastal regions. “With the new MC we intend to strengthen our market position in Greece and tap into another important core market in Europe,” said Natalie Leontaraki, Managing Director of the Engel & Völkers Market Center in Athens.

International investors turn their attention to Greece

The property market in Greece offers huge potential for growth. In 2018, purchase prices for luxury villas in the coastal resorts of Glyfada, Voula and Vouliagmeni reached as much as 40 million euros. Apartments in Kolonaki and Plaka, near the world-famous Acropolis in the historic city centre, fetched prices per square metre of up to 5,000 euros. “As well as the high level of national demand, we are registering increased interest from international clients from Germany, Switzerland and the Arab Emirates,” said Natalie Leontaraki, adding: “The stabilization of the Greek economy is creating good investment conditions in the residential property market. Now is an ideal time to invest in a high-end first or second home.”

The brokerage region of Engel & Völkers will encompass the centre of Athens, the Athens Riviera, the coastal town of Porto Heli and the Cyclades Islands including Santorini and Mykonos.

Optimal utilization of market potential

The MC Athens will undergo strong growth this year. The target is to recruit 150 real estate agents by the end of 2020. “We are looking for talented sales professionals who are very familiar with the local property market and have an excellent network,” said Natalie Leontaraki. The MC is equipped with modern workplaces and its own in-house Engel & Völkers Academy.

This latest opening in Athens marks the 16th Engel & Völkers Market Center worldwide. Other MCs are located in cities including Barcelona, Hamburg, Paris, New York, Dubai and Hong Kong.