Vouliagmeni: A Dive into the Real Estate Market

Location

Vouliagmeni's location is one of its greatest assets. Overlooking the crystal-clear Saronic Gulf, it combines a unique blend of sea and mountains. The sunsets in the area are simply breathtaking, casting a golden hue over the calm waters, which inspires locals and tourists alike. A tranquil lake with thermal springs is a rarity that Vouliagmeni treasures. This natural wonder serves as a popular spa destination, drawing visitors from all over the world.

Cultural Charm

Beyond the natural beauty, Vouliagmeni offers a rich cultural experience. The local cuisine, featuring fresh seafood and traditional Greek dishes, is a gastronomic delight. Few of the best restaurants in the country are located in Vouliagmeni, making it a highlight for food lovers. The area is also home to museums and archaeological sites that provide a glimpse into its historical significance.

Real Estate Market Overview

The real estate market in Vouliagmeni is vibrant and dynamic. A rising demand for properties both residential and vacation rentals, has led to steady price appreciation in recent years.

Price Trends

Statistics reveal that the average price per square meter in Vouliagmeni has seen a steady increase. This trend can be attributed to its picturesque location, making it a prime choice for those seeking a peaceful yet vibrant lifestyle. However, it's essential to work with local real estate experts who understand the nuances of the market and can help you make informed decisions.Over the past five years, Vouliagmeni has witnessed a consistent increase in property prices. On average, property values have appreciated by approximately10-15% annually.This price appreciation is primarily driven by the area's desirability as a coastal resort destination. As Real Estate Experts the annual increase in the properties is reasonable.

Rental Yields

For investors, Vouliagmeni offers attractive rental yields, especially for those who invest in vacation rentals. It's not uncommon for well-located vacation properties to achieve rental yieldsof 6% or higher, making them a lucrative investment option.

Foreign Investment

The real estate market in Vouliagmeni has seen an influx of foreign investment, driven by Greece's Golden Visa program. This initiative allows non-EU citizens and their families to obtain residency by purchasing real estate worth €250,000 or more. As a result, international buyers, particularly from countries like China, Russia, and the Middle East, have shown keen interest in Vouliagmeni properties.

Several factors play into Vouliagmeni's real estate market. The Greek government's initiatives to attract foreign investors have opened doors for those seeking a second home or an investment property. Moreover, ongoing infrastructure developments in the region have improved accessibility and further enhanced the area's appeal. Engel & Völkers has a variety of properties in the area available for rent and sale. Get in touch with our experienced team for more insights about the area and its offerings.