Investment Property in Piraeus

Invest in Real Estate in Piraeus

Investment Property in Piraeus
Investment Property in Piraeus

Piraeus property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Piraeus .

Search Map of Piraeus Investment Real Estate

Piraeus ( py-REE-əs, pirr-AY-əs; Greek: Πειραιάς Peiraiás [pireˈas]; Ancient Greek: Πειραιεύς Peiraieús [peːrai̯eús]) is a port city within the Athens urban area (“Greater Athens”), in the Attica region of Greece. It is located eight kilometres (5 mi) southwest of Athens’ city centre, along the east coast of the Saronic Gulf.

The municipality of Piraeus and four other suburban municipalities form the regional unit of Piraeus, sometimes called the Greater Piraeus area, with a total population of 448,997. At the 2011 census, Piraeus had a population of 163,688 people, making it the fifth largest municipality in Greece and the second largest (after the municipality of Athens) within the Athens urban area.

Piraeus has a long recorded history, dating back to ancient Greece. The city was founded in the early 5th century BC, when plans to make it the new port of Athens were implemented: A prototype harbour was constructed, which resulted in concentrating in one location all the import and transit trade of Athens, along with the navy’s base. During the Golden Age of Athens, the Long Walls were constructed to fortify the route from the main settlement to the port (Piraeus). During the classical period, the naval base in Piraeus had 372 trireme shipsheds. Beginning in the 3rd century B.C., Piraeus went into a period of cumulative decline. However, it began growing once again in the 19th century, after Athens was made the capital of Greece. Today, Piraeus is a large city, bustling with activity, and an integral part of Athens. It is a huge marine and commercial-industrial centre, and home to Greece’s largest harbour.

The port of Piraeus is the chief port in Greece, the 5th largest passenger port in Europe and the 24th largest passenger port in the world serving about 4,37 million passengers annually in 2020. With a throughput of 5.44 million TEUs, Piraeus is among the busiest ten ports in Europe in terms of container traffic, and is the busiest container port in the Eastern Mediterranean. The municipality hosted events in both the 1896 and 2004 Summer Olympics held in Athens. The University of Piraeus is one of the largest universities in Greece, and includes the country’s second-oldest business school, as well as the oldest academic department dedicated to the study of finance.

The financial stability of Piraeus has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.


Buy to Rent in Piraeus


Renting out your Piraeus buy-to-rent investment property can grow wealth and income.


Whatever your goals with investment property in Piraeus are – preparation is key.


  • Set goals based on how much rental yield will be required and the local rental yield rates in Piraeus and be prepared to change your initial outlook.
  • Thoroughly research the Piraeus location with a special emphasis on fringe areas outside the main Piraeus metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Piraeus.
  • Ensure that your target investment property in Piraeus appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.


With our expert guidance, investing in Piraeus provides the secure knowledge that your money is working harder than it would in a local Piraeus bank and that future generations of your family will be left with substantial capital growth assets.


We are always happy to advise on buying investment property in Piraeus, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Piraeus property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Piraeus

Flipping property in Piraeus


Flipping property is when we advise clients to buy a Piraeus property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Piraeus market has a time to react to the renovation.


The Flipping Strategy in Piraeus


Investment property flipping in Piraeus is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Piraeus real estate investments are sometimes referred to by professionals as ‘distressed’ Piraeus real estate.


What is distressed Piraeus property:


  • Piraeus property in need of renovation
  • Piraeus real estate with a change of purpose and use
  • Oversold Piraeus property
  • Bank repossessions in Piraeus

Put simply, long term investors in Piraeus purchase the property, renovate it and make it a lot more attractive to potential buyers.


Calculate profit that you make from Piraeus investment property flipping:


Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Piraeus property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000


Experienced property developers in Piraeus use a minimum profit value of 22% when looking at potential Piraeus projects.


The reason for this is because there are lots that can go wrong in Piraeus property flipping and working on a potential margin of 22% should still leave a good margin of error.


Invest through a Fund in Piraeus


Property Secured Investments is a Private Equity fund that invests in Piraeus and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Piraeus

For luxury property investors hoping to add a superb property in Piraeus to their luxury real estate investment portfolio, Physis Realty is a trusted partner.


A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Piraeus, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Piraeus should be entrusted to only the highest-quality agency.

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