Hymettus and Kypseli are two well-known areas of the capital, with significant history and long-standing commercial activity, but they do not seem to have an awful lot in common, as they are quite different in terms of profile. They do, however, share one key fact: in both, the demand for real estate has been growing in recent years, as many people are looking for a way to become residents.
Hymettus was founded in 1928 at the foot of the homonymous mountain of Attica, from which it takes its name. Its purpose was to house the refugees who had flocked to Athens after the Asia Minor Catastrophe. Since then its development has been rapid: in 1934 it was recognized as an independent community and in 1963 it became a separate municipality (today it is united with Daphne). The district was home to the Papastrateio Vocational School and the Greek Powder and Cartridge Company, while it also participated in sports through the well-known basketball team Amyntas. Today, good urban planning, autonomous commercial activity and close proximity to the natural landscape make Hymettus one of the privileged areas of the Central Sector of the capital.
Kypseli, on the other hand, is one of the oldest neighbourhoods in the centre of Athens, which began to take shape after 1908 – until then it was a rural area. Urban development began in the 1930s, when it became an area sought after by the capital’s wealthy classes because of its modern apartment buildings. From the 1980s onwards its profile changed, as many economic migrants moved there. But it turned out to be a successful example of a multi-ethnic district, and as a result it attracts a lot of people again today. The various theatres, the ethnic restaurants – some of which are among the best in all of Athens – and the famous pedestrian street of Fokionos Negri, with its cafes, popular bars and the stream that still flows under it, are major points of interest in the area.
Through the online real estate platform www.altamiraproperties.gr, doValue is offering an 182 sq.m. maisonette in Hymettus and a 94 sq.m. apartment in Kypseli, both great investment opportunities for those wishing to reside in these two increasingly sought-after areas of Athens.
The 182 sq.m. maisonette in Hymettus
This 182 sq.m. maisonette occupies the 3rd and 4th floors of a four-storey apartment building, constructed in 1975 (the owners also deserve the right to build future floors as a separate property). The 3rd floor occupies a surface of 108.8 sq.m. and consists of 4 rooms, 1 kitchen, 1 bathroom, 1 W.C. and a storage room, with 2 terraces. The 4th floor occupies a surface area of 73.20 sq.m. and features 3 bedrooms, 1 bathroom and 2 more terraces.
Address: 10-12, Eleftheroton street, Hymettus First bid price: €253.600
The 94 sq.m. apartment in Kypseli
This 94 sq.m. apartment is situated on the 3rd floor of a newly-built apartment building (2005), close to the famous pedestrian street of Fokionos Negri. It consists of 2 bedrooms, living room, dining room and kitchen in an open plan area, 1 bathroom and 1 W.C., while there is also an air conditioning system installed. Ultimately, there is a parking space of 10.12 sq.m. in the exclusive use of the apartment.
Address: 19, Syrou street, Kypseli First bid price: €150.000
*The property is subject to a public forced auction, which is posted on eauction.gr (auction platform).