Buying a Flat in Metaxourgeio: the Pros & Cons

Having spent his childhood in Greece, Christopher Nicholas decided to buy a flat in Athens and describes the challenges and the joys.

By Christopher Nicholas

Buying a place in Athens was an easy decision to make. I went to school in a suburb of the city and have been returning ever since, always happy to reconnect with friends on my way to the islands. Most of all I love the ever-evolving array of the city’s cultural and culinary options, and its energy and chaos are the perfect antidotes to my quiet life in Geneva where I live, working for the Red Cross.

Why Metaxourgeio?

You may be wondering why I chose to create my Athens base in an area that could be described as a little sketchy. It’s artistic and edgy, with happening places, but definitely not one of the capital’s most attractive neighbourhoods.

In fact, it largely came down to budget and convenience. I wanted something central and properties in the historical centre or one of the trendier areas like Mets or Pangrati were not in my price range.

Discovering the Charms

However, I have become increasingly enchanted by my new neighbourhood. I’m discovering a community steeped in a rich and fascinating history. “Metaxi” means silk, and the area got its name from a silk factory built here in the 19th century, which put Metaxourgioon the map. It quickly became a bustling working-class community, home to artisans and small business owners, and suffered a severe decline in the 1970s. It’s had several stop-and-start waves of regeneration since and today the working-class spirit lives on, with old community favourites such as Gefstiki Gonia souvlaki place or Akrovatis kafeneion jostling side by side with alternative cafes, and artists’ studios in disused workshops.

I love the look and sounds emanating from the printing workshop downstairs and hope that the old manual 1960’s presses do not end up as accessories in a new hipster café. But if hipster is what you are after go to Platia Avdi with its sprinkling of achingly cool bars and eateries, like Seychelles and Blue Parrot. 

Flat-Hunting for Beginners

I first flirted with the idea of buying a place three years ago. I found the best way to get an idea of prices and neighbourhoods was the Spitogatos app, which meant I could shop around from the comfort of my sofa in Switzerland. While friends were swiping left and right in search of their perfect partner, I flicked through Spitogatos compulsively looking for my match. After visiting about a dozen places during short trips over, this one felt right immediately – it was bright and airy, on the top floor, with two bedrooms, a large terrace, on a quiet street and near the metro.

Sealing the Deal

With the seal of approval of two trusted friends, one of whom is an architect, I put in a cheeky offer. Initially, it was turned down. Then we struck a deal. However, the owner stuck close to his asking price. Six weeks later I was back in Athens for a 24-hour whirlwind tour of banks and tax offices. Eventually, with all paperwork duly stamped, I arrived at the solicitor’s office for the final exchange. Note: None of this would have been possible without my brilliant conveyancing lawyer, Alkis, who accompanied me every step of the way. Without him, I would have been lost, and it would have taken a year to do what we achieved in a day. 

Not Buying Out

Athens is bursting with wonderful shops, markets, and artisans and there really is no need to set foot in Ikea. I bought local and Greek wherever possible – a good quality bed from MediaStrom, a stylish made-to-order sofa from Fabrica, and curtains from the traditional fabric shops in Aiolou street. I also bought one or two quirky secondhand pieces from Reto, a social enterprise run by people recovering from substance abuse. And one day I hope to be able to splurge at MOFU, a gorgeous vintage design store, in Psyrri.

Always A Catch

People say that buying property in Greece can be complicated, but overall, the process went pretty smoothly. However, there was one small sting in the tail. Despite assurances from the estate agent to the contrary, it turned out that the “Doma” (room) on the roof above my flat was inhabited. Worse still, the tenant had put beds on the roof and was charging 5 Euro a night as a place to wash and rest!

Love Thy Neighbour?

During subsequent visits, I crossed tired workers/roof renters in the elevator and had to put up with noises like scraping furniture above, and wafts of late-night souvlaki dinners blowing down on to my terrace. I work in the humanitarian sector and initially let it go until I discovered that the rogue landlord was unduly profiteering. The actual landlord (of the  property above) sent him packing and the space is now rented to a more responsible tenant.

Happy End

Essentially, I have no regrets and am thrilled to be a homeowner in the city that I love. In this new era where working from home becomes the new norm, I’m hoping to spend more time here. In the long term, I see this as an investment – one that perhaps I can trade-in for a more idyllic spot by the sea when I come to retirement!

Insights Greece - Buying a Flat in Metaxourgeio: the Pros & ConsChristopher’s Top Tips:

  1. Make sure you have a good conveyancing lawyer.
  2. Support Greek Shops and suppliers!
  3. Don’t rush into things – take your time & use apps like Spitogatos & Chryssi Efkairia.
  4. Re-visit the property and take a careful look around before completing the sale.

4 Ultra Luxe Cycladic Properties to Add to Your Wish List

From stunning architecture and elegant designs to majestic views in the most desired locations, we take a close look at four of the hottest Cycladic properties on the market right now that you can add to your wish list.

Casa Reale

Sophisticated and stylish, this expansive property which just hit the market, boasts 10 bedrooms and 10 bathrooms. Boasting breathtaking views of the Aegean, you will be blown away by the light-filled interiors, natural stone, fragrant planting, furnished terraces, and elegant pool areas. The layout allows for complete privacy while simultaneously providing fabulous entertaining areas. The villa comprises six master suites with a range of facilities, including private pools and jacuzzis, a master bedroom with a large pool suite and a two-bedroom guest house.

Location: Aleomandra, Mykonos

Listed price: 11,800,000 €

Land Size: 1,100 sqm

Bedrooms: 10 Bathrooms: 10

Agent: Sotheby’s International Realty T: +30 210 968 1070

Elysium

This finely designed nine-bedroom estate offers spectacular views of Mykonos Town and the Mediterranean Sea. In line with Cycladic design, there are dramatic hallways featuring stone and glass doors, which disappear inside the walls- making the inside living area integrated with the outdoor entertaining space. Outside you will find stunning terraces, an infinity pool, jacuzzi, and a large barbecue area. The master bedroom with en suite bathroom has its own living space, a private pool and a jacuzzi, while downstairs there are four guest rooms with private entry.

Location: Agios Stefanos, Mykonos

Listed price: 8,800,000 €

Land Size: 4,000 sqm

Bedrooms: 9 Bathrooms: 10

Agent: Sotheby’s International Realty T: +30 210 968 1070

Soleil

This island villa offers style, comfort, and the most stunning sea views. With bright and naturally lit interiors, the spacious areas are designed with authenticity and charm. Step inside the open-plan living area and you will discover a large dining room and pristine white kitchen with sleek custom-built cabinetry. The home features eight bedrooms, all stylishly furnished and the fine outdoor spaces include a stunning infinity pool, a fire pit, and BBQ area, where you can entertain guests all year long.

Location: Paros

Listed price: 4,500,000 €

Land Size:8,009 sqm

Bedrooms: Bathrooms: 8

Agent: Sotheby’s International Realty T: +30 210 968 1070

Dionysius Escape

On the ancient plain of Oia, you will find an elegantly designed villa surrounded by vineyards on one side and the Aegean Sea on the other. The natural interiors and open-plan layout allow for plenty of natural light to flow through the entire home, which features beautiful wooden floors, high curved ceilings, an exposed brick fireplace, and a suspended ceiling. The gourmet kitchen flows into the dining room and the open living area allows for plenty of space for entertaining. The master bedroom is located on an upper level, with a private balcony, where you can enjoy uninterrupted views of the sea. 

Location: Santorini

Listed price: 1,500,000 €

Land Size: 5,000 sqm

Bedrooms: Bathrooms: 4

Agent: Sotheby’s International Realty T: +30 210 968 1070