real estate greece

02-09-2009

 Loft Style Living in Athens

These blinding white buildings are the place Christopher Gongolas family had live for this past three years is just its only steps from this busiest historic center of Athens. But having this visitor climbing over the stairs of airy, living room of loft style might be easily thinking that his already landed on Manhattan. According to Gongolas that they wanted of creating some space where in it could stretch out and even display some art and not even felt cramped in this city apartment. These 350 sq m apartments have already sprawls just across its first and even second floor in the building that got commercial tenants on ground floor. During the time, this Mr. Gongolas together its partner Tatiana Violari had already stumbled across this place in the year 2005 it differs a lot.

Mr. Gongolas stated that they saw a rent sign on its house that just walk in the construction site but just love its space. During that time, Mr. Gongolas who is Pittsburgh native in Greek was just renting a huge home coastal suburb and Ms. Violari who is now 47 lives on its small apartments in upscale portion of Athens that is already the district portion of Kolonaki. But having a child on its way, they were now looking for its roomy place where its enitre family could live upon. They can also spend some time in Houston place where this Mr. Gongolas will serve as an investor of this geothermal technology company and as well in Nicosa Cyprus where this Ms. Violari got a house. During this time, its owner was already been repairing an exterior of this stucco that been covered of stone and its concrete structures that is in neoclassic style and architecture that been based of ancient Greek design that entirely been developed in 19th and even 20th centuries. During this work was already been done, this Mr. Gongolas together with Ms. Violari had already sat down in order to discuss about transforming this interior residential space that they will be renting just for its long term lease. With that, this coupled had already hired its own architect in order to oversee its installation of this kitchen and even bathrooms and just to ensure that this owners architect or workers have already been completed its entire work properly.

Mr. Gongolas stated that they like to size its location that will stand on its apartments of main terrace that got postcard view to this Acropolis of primarily location on Thiseio that been lively filled with district and a mixed of antique shops and bohemian cafes. Mr. Gongolas stated that this layout was just ideal due to the mere fact that he got a huge furniture, bug art, lots of stuffs and owns an apartment in Houston where in he keep the rests of its acquisitions. This stuffs includes the original works that been done by Andy Warhol and this Spanish sculptor Eduardo Chillida. Then, these share space in Athens apartments together with Mr. Gongola’s own creations that been chiefly sculptures, abstract paintings and particularly paintings of its mother whose contemporary style always inspire him. Ms. Violari who is formerly appraiser of this Sotheby’s is now focusing on its interior designing that is more classical inclined.The couple stated that they are quite happy with its way that this apartment turned out to be. When this renovations were already been completed in 2006, this couple had already signed for about four year that lease with two or even three year options of renewing. This rent was just set about 4,000 euros monthly. Mr. Gongolas stated that the portion of this renovation was just around of 100,000 euros but most of it was already been amortize of its rent.

According to this Dimitris Voyiatzis of the Re/max Prestige that these local real estate agencies got already economic crises that not dampened its foreigner’s interests for neoclassical properties although several people wants renovated properties. Mr. Voyiatzi states that there will be lots of bureaucracy that deals on local and even town planning authorities. With that, people will usually want a key in that is handed in homes. The Sale prices of this renovated turned of this century neoclassical buildings of Athens that averages of 6,000 euros per square meter that have two or about three times for its apartments for newer buildings on their area. Since, most of them were already been built between in 1930 and 1960. This monthly rents will usually ranges from these 5,000 euros of per square meter on its renovated neoclassicals until 2,000 euros per sq m in these newer buildings. Mr. Gongolas stated that this long term lease of apartments that been valued about 2 million euros already that was just an ideal one. With that upon purchasing an apartment was not considered an option due to the mere fact that it required of buying commercial tenants and even leasers are quite too long for it.


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Welcome to RealEstateGreece.info! Many people are thinking of buying property in Greece, but are daunted by the process and the monumental task of choosing a place and applying for a loan. However, it is not as complicated as it seems-especially if you get an expert to guide you through the process. This website hopes to give you information that may help you, but nothing can substitute actually hiring a consultant who knows the real estate process inside out. For example, while there are several Greek properties that are up for sale, do know that there are some places where foreigners can't buy land. These restrictions apply in areas that sit near the country's borders, such as the eastern Aegean, Dodecanese Islands, regions of northern Greece, Crete and Rhodes. There are also cases where those who are not citizens of the European Union must apply to the council of the local prefecture. Real estate agents can inform you of these laws and help you apply for approval.

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