Since he took a deep dive into the real estate world in 2003, working as a manager for what was at the time Greece’s biggest online network, Spitogatos.gr, Theodore Syrogiannopoulos changed course for a few years working with a major global business that bought and refurbished incredible homes and spaces worldwide.
Soon after he took the role of Sales Manager at the biggest portal of real estate in Greece before deciding to run his own agency, We Properties. Here he offers IN+SIGHTS GREECE a past-present-future perspective on real estate in Athens, sharing his know-how for the ultimate rental/buying experiences in the Greek capital.
During your almost two decades of working in Greek real estate, what are the major changes that you’ve seen happen?
First were the 2004 Olympic Games. That period the pushed prices up. Then was the announcement of the VAT on new building permits and the madness of the banks that were very generously giving mortgages out. All that came to a screeching halt with the arrival of the Greek financial crisis.
In 2015 things became chaotic, everyone seemed to be involved in real estate. I had a client who was working at a hospital as a nurse and at that time was running 38 properties! Of course, he then quit his job at the hospital. Also, one out of three phone calls for rentals was for Airbnb’s so you can imagine how this demand pushed up the prices.
Within the period of 12 months, in some areas, the prices almost doubled. Koukaki is a good example of this phenomenon. It’s one of my favourite neighbourhoods and was mostly an area filled with students and youths but now it is a big ‘hotel’. And all the students moved to other, more affordable neighbourhoods like Kipseli.
We witnessed some good changes too. Parts of Athens’ centre that was once neglected or abandoned have had new life breathed into them. Buildings that stood empty and neglected for years have now been renovated. Cool new cafes and restaurants, supermarkets and stores have popped up.
To what degree did the Gold Visa phenomenon from foreign buyers shopping Greek real estate impact the market?
It was around 2015 when a lot of foreigner investors flooded to Athens, buying houses and buildings. Most transactions in parts of the city’s centre were actually from foreigners. Some of them through the Golden Visa program and some for investments – lots were from Chinese and some good deals were also made from Israeli investors. In previous years, because of the Greek financial crisis, the market had gone down. New taxation on properties and lots of bad tenants had pressured owners to sell their properties so the prices had tumbled. From there emerged many new opportunities that are still being enjoyed now.
Since the early spring of 2020, lockdown and Covid-affected life have become a global reality… that means spending a lot more time at home. In Athens, what kind of properties are people interested in purchasing right now?
Today, people are looking for bigger houses that are renovated or in great condition. More people want to have a garden, a big veranda or a rooftop as they are spending more time at home. Also, more people want to find homes with an extra room to be used as an office. Previously, Greeks would famously spend most of their free time outdoors going to restaurants, bars, theatres, and so on, while now with the “new” and “indefinite” situation, buyers and renters need more comforts in the place where they spend most of their day.
Along the same lines, more people are looking to move to areas where there is a park close by, greenery, or seaside suburbs so they can enjoy the scenery when they head outside.
What would be your number one tip for people looking to buy or rent in Athens?
Around the Acropolis and Koukaki areas, you can now find more properties on the market, whereas for several years everything had become an Airbnb. Owners now want to rent their properties out on a long-term basis and a big advantage is that most of them have been renovated in recent years.
I would also advise you to not be afraid to make an offer on a property you have your eye on, even if it’s lower than the asking price. With the right chemistry, you might be surprised to find there may be flexibility available and you can purchase the property of your choice.
There’s the Asian food district under Syntagma Square, Indian and Pakistani food in Psyrri and many, many other ethnic food places in pockets of the city that have sprouted up in recent years.
Here’s our guide to the ones you definitely shouldn’t miss! NB. In case of lockdown, or if you simply can’t get to these places, all are also available on home delivery apps like E-food and Wolt.
MULTI-CULTI MENUS
Would you prefer an Indian samosa or, a Mexican chimichanga or burrito, a middle eastern tabbouleh salad or an Asian-style salad with stir-fried veggies and prawns? If you can’t make your mind up– or want a combination of ethnic foods– go to Etnico (Kolokotroni 22, Monastiraki) where there are plenty of options to choose from. There are also a sufficient amount of vegan options on the menu. Migada serves everything from Thai Tom Kha Gai soup to Asian noodles, falafels, Mexican tacos and Indian curries (Praxitelous 8, Monastiraki). Their menu is separated into sections based on explorer’s journeys to different parts of the world and including the ingredients and dishes found there. They also serve a satisfying amount of vegan and vegetarian dishes (including a delicious vegan chocolate cake).
INDIAN
In recent years some of Athens’ Indian restaurants have created the ‘Indian souvlaki’, which makes for a perfect takeaway wrap if you’re not in the mood for the Greek souvlaki because you fancy something more exotic. Mirch (Ermou 109, Thisseio) serves the most popular one of this type, made with a large thin nan bread stuffed with chicken tikka, raita and mixed vegetables and cut in half. Bollywood Masala (Fokionos 4) makes the same chicken tikka souvlaki, as well as an onion bhaji souvlaki and Indian-style kebab souvlaki. Both also serve easy-to-eat-out samosas and poppadoms.
PAKISTANI
Pak Tika Tak (Menandrou 13, Psyrri) serves spicy kebabs and chicken tikka wraps as well as several vegetarian options like rice with chickpeas or vegetable curry.
For the rare pleasure of trying Pakistani sweets to much along the street or take home, go to Sitara Sweets and Bakery (Menandrou 14, Psyrri). Here you’ll find authentic, homemade traditional desserts like gulab jamun, jalebi and barfi. You can also get a plate of pani puri (crisp fried crepe-like dough balls stuffed with imli pani flavored water, chutney, chili, chaat masala, potato, onion or chickpeas, that’s very hard to find elsewhere in Athens!
Pak Tika Tak
Sitara Sweets and Bakery
MIDDLE EASTERN
At Baba Ganoush (Embedokleous 25-27, Varnava Sq. Pangrati) you’ll find top quality falafel (served with either hummus, yogurt sauce or baba ganoush) but not only. You can also try their middle eastern-style burgers, either in a vegan or vegetarian rendition, with a patty made of quinoa and sweet potato that’s topped with yogurt-harissa sauce, pickles, onion and ketchup. Over the last decade falafels have become one of the staple streetfoods in Athens and although not yet even close to overshadowing the reign of souvlaki, the increasing number of health minded Greeks are opting for crunchy chickpea balls over meat more every day. Falafel Abu Milad (Liosion 1, Omonia) is considered one of the best in town for both vegetarians and meat eaters. It makes well-seasoned falafels that are fried to crunchy perfection and served in a pitta with various seasonings of your choice. Here you’ll also find sandwiches with chicken or lamb kebab with a homemade sauce and chicken on a stick with hummus.
Falafel Abu Milad
At Baba Ganouch
Meanwhile Feyrouz (Karori 23 & Agathonos, Psyrri) serves up delicious lachmajun (thin pita bread slathered with minced meat and sauce but here also in a vegan rendition with zaatar spices and walnuts), a bready pie (peinirli) stuffed with a lentil, chickpea, hummus and aubergine filling and sprinkled with fresh coriander, and even desserts like baklava.
At Sumsum (Solonos 86, Exarcheia) you’ll find Arab street food like mutabal, a pitta bread wrap filled with lamb or beef mince and bana ganoush, or falafel wraps with hummus as well as lachmajun and taouk pitta which is stuffed with chicken, yogurt and herbs. Salads and soups of the day are also available for takeout.
THAI
Several quality Thai restaurants have opened in Athens over the last few years, but Tuk Tuk (Veikou 40, Koukaki) is the first street food version of Thai, which is surprising considering that in Thailand it’s the street food that rules! From spicy Papaya Salad with dried prawns and peanuts and Khanom Jeeb Mu steamed Pork Dumplings to Tom Kha Gai coconut milk curry soup and Pad Thai noodles, you’ll find all the street classics here in relatively authentic versions.
Feyrouz
Sumsum
VIETNAMESE
An exciting new arrival on the street food scene is Vietnamese Madame Phu Man Chu (Praxitelous 36, Monastiraki) whereyou can order mustard leaf rolls stuffed with prawns, smoked pork and rice noodles, chicken skewers marinated in lemongrass, tomato soup with mussels and fried tofu with sweet chilli sauce. Dao (Agion Anargiron 43, Psyrri)also serves delicious street food and specializes in Banh Mi French baguette sandwiches with a mouthwatering variety of fillings – from BBQ pork or beef to shredded chicken and fried egg. They also serve Pho and wonton soups, spring rolls (both fried and fresh), stir fried rice and noodles.
JAPANESE
There isn’t really a Japanese street food place in Athens right now but there are many Japanese restaurants, especially in the Syntagma area, where you can pop in and order food to take out.
TIBETAN – Currently Closed Due to Covid But We’re Letting You Know About it Anyway!
Chomolungma (Karytsi 10, Syntagma) is the one and only Tibetan eatery in Athens right now, and although its menu is still quite small, the food there already has a small following. Try the crunchy cheese balls with tomato chutney, momos (dumplings) with their accompanying sauces like curry, pepper chutney, mango chutney and chili mayonnaise, lotus root chips with matcha tea sauce and tangste salad with pickled coleslaw.
PinkFlamingo
Mr Pugs Canteen
CHINESE
Pink Flamingo (Skoufou2-4) is a dinky, two-storey place with a giant neon pink flamingo at its exterior that serves dimssum, dumplings and particularly delicious bao buns. In cooler months you might find a soup of the day too. At Mr. Pug’s Canteen (Katsoulieri 6, Halandri) the menu is simple yet gratifyingly yummy, with a wide selection of bao buns with different fillings, such as crispy cod, duck, beef burger, pork and dragon air (spiced minced beef, chili, kimchi and fried garlic). Oddly, the dessert is Mexican churros. At Street Wok (Panormou 115) you choose the base of your choice (different types of noodles or rice) and then add your choice of vegetables, meats and condiments like bean sprouts, pineapple, herbs, peanuts. The third and final step is selecting your sauce of choice (hot Szechuan, coconut curry, sweet chilli etc). Simple, fast and tasty.
MEXICAN
Grexico (Fokionos 4, Syntagma) serves up freshly made burritos, quesadillas, tacos with dressings and salads. More of a restaurant than street food joint, but with excellent take-out options, is Taqueria Maya (Petraki 10), a self-service place serving a variety of burritos, quesadillas, tacos and salads as well as takeout margaritas.
Taqueria Maya
Taqueria Maya
HAWAIIAN
The only one of its kind so far, Poke (Petraki 7, Syntagma) serves Hawaiian sushi bowls, with a set menu as well as a great array (that changes according to what’s available during each season) of ingredients for a DIY bowl. With rice as the base, you’re free to add any kind of raw or cooked fish, veggies, fruit, herbs and seasonings like sauces, shredded seaweed and spices to create your own Poke concoction.
Russian
For freshly made, fluffy and crisp piroshki pies stuffed with minced meat or potato, visit Gadaychuk Mariya (Acharnon 140). Also popular, and with much more variety of homemade piroshki is Kalina Malinka (Solonos & Mavromihali, Exarcheia and on Stadiou 27, Syntagma). Here you’ll find fried or baked piroshki with fillings such as spring onion and egg, beef mince, feta cheese, chicken and mushroom or sausage and gouda cheese, as well as authentic, handmade Russian salad and crunchy tsebourek. And then there are the desserts, like baked fluffy rolls and sugared cinnamon rolls.
You’ll probably find decent, perhaps even great wine at most decent bars around Athens today. But if you want a place that specialises in wine and offers amazing varieties -that you can enjoy by the glass too – look no further than our guide! You’re welcome!
A For Athens
Vibe: Smart-casual, friendly, relaxed rooftop bar with stunning views of the Acropolis and city.
Wine List: Greek and foreign wines in a newly extended cellar that can house up to 2,500 labels.
Food: Anything from the restaurant’s dinner menu, from burgers and malt chicken to finger foods and meze dishes. The sommelier is happy to suggest foods that pair well with your wine of choice.
Location: Miaouli 2, Monastiraki
Baratin
Vibe: Cosy, casual-chic, friendly, all-day bar-restaurant with small tables as well as a large monastic bench and an outdoor square.
Wine List: Around 140 labels from Greece and abroad, 42 of which can be sampled by the glass. Baratin’s knowledgeable and friendly sommeliers are happy to help you imbibe on exactly what you desire.
Food? Try the carefully sourced Greek cheeses, salads, sea bream risotto and cold cuts for an ideal accompaniment.
Location: Dekeleias Avenue 120, Nea Filadelfia
BoBo
Vibe: Trendy, chic, hipsterish
Wine List: Around 200 labels from Greece and abroad as well as cocktails made using Greek wines (not easy to find elsewhere!).
Food? Indulgent accompaniments to share with your wine buddies include cevice, roast beef with truffle sauce and homemade mayo, stuffed figs with caramelised onion and creamy goat cheese and bruschetta with Greek cheeses.
Location: Anastasiou Zinni 36, Koukaki
By The Glass
Vibe: In an elegant arcade facing the Russian Orthodox Church, chic, buzzy.
Wine List: You can choose among 250 Greek and global wine labels, 50 of which can be served by the glass using the Coravin system.
Food? An array of modern Mediterranean platters and appetizers, many of them designed especially to be paired with their wines.
Location: Filellinon and Georgiou Souri 3, Syntagma.
Cava Vegera
Vibe: Friendly, laid back and smart-casual.
Wine List: Over 1000 Greek and foreign labels.
Food? A menu based on deli products that are seasonal and make for great accompaniments to your wine of choice. The menu changes every three months.
Location: Poseidonos 11 & Vas. Pavlou 61, Voula.
Cinque Wine Bar & Deli
Vibe: An ebullient ambiance usually pervades in this compact, cosy and familial locale.
Wine List: Very special because here you’ll find only Greek indigenous varieties passionately sought out by the wine-fanatic owners. The Monastiraki store organizes excellent wine tastings.
Food? Homemade chutneys, great platters of deli foods from Greece and abroad.
Location:Agatharchou 15, Psyrri & 10 Vorreou St Monastiraki
Fabrica De Vino
Vibe: Modern, upbeat, elegant but unpretentious. A-buzz during weekend nights.
Wine List: 600 labels by 150 producers from around Greece, 20 of which that can be sampled by the glass.
Food? Mainly fish and seafood (try the fish fillet sandwich), as well as some well-prepared meat dishes.
Location: Emmanouil Benaki, Exarcheia
Fiali Wine Bar
Vibe: Elegant, minimal and fresh décor with a laid back, chic crowd.
Wine List: Selective and lesser-known but good-quality labels from small wine producers around the world, 40 of which can be sampled by the glass.
Food? A gratifying selection of tasty, cold and hot Tapas, salads, pizza and other comfort food.
Location: Dekelias 108, Nea Filadelfia
Heteroclito
Vibe: Cultural, homey, low-key chic.
Wine List: Over 200 labels from Greece and abroad.
Food? Homemade quiches and pies, platters of cheese and cold cuts.
Location:Fokionos 2 & Petraki 30, Monastiraki
Kiki de Grece
Vibe: Elegant, upbeat, smart-casual.
Wine List: Around 60 Greek and foreign wine labels.
Food? From appetizers to mains, you’ll find a great selection of Greek-Mediterranean dishes.
Location: Ipittou 4, Syntagma
Materia Prima
Vibe: Contemporary, urban-chic and cosy.
Wine List: Over 500 wines from around Greece and abroad, including labels you won’t find in most other places. Expensive wines can be sampled by the glass using the Coravin method. Wines can also be bought to go.
Food? Breakfast and brunch during the day, finger foods and Mediterranean meals in the evenings.
Location: Falirou 68, Koukaki, across the EMST National Museum of Contemporary Art.
Monk grapes and spirits
Vibe: Arty post-industrial open terrace with a laid-back ambiance.
Wine List: 200 labels from 136 wineries in Greece and 16 countries, many expensive labels can be sampled by the glass via the Coravin method.
Food? Modern Greek cuisine.
Location: Aghias Eirinis Square, Monastiraki
Oinoscent
Vibe: Originally a wine shop that has now added seating, this is very much a wine-centric point in town for those who take wine seriously.
Wine List: Over 1000 labels from all over the world. Every week there is a new selection of wines that can be sampled by the glass.
Food? Cheese platters and Mediterranean dishes.
Location: Voulis 45-47, Syntagma.
Paleo
Vibe: Wine bottles line the high-ceilinged stone walls of what was once an old storehouse, and at the end of the room from top to bottom stands a large cava.
Wine List: Over 350 labels mainly from southern France, Spain, Italy and Greece.
Food? A decent range of Greek-Mediterranean cuisine, from appetisers to mains.
Location: Polidekous 39, Piraeus.
Scala Vinoteca
Vibe: Sophisticated, intense, stylish.
Wine List: Over 200 labels from Greece and abroad.
Food? Refined and contemporary Mediterranean dishes with influences from Latin America, Spain and Italy.
Location: 50 Sina str. & Anagnostopoulou, Kolonaki
Vinarte
Vibe: A stylish and classical-modern large open space ideal for work dos and larger gatherings.
Wine List: Over 250 labels from quality Greek winemakers and abroad, including a selection of hard to find Italian wines. Here you can try any wine you like by the glass via the Coravin method.
Food? Try the platter with aged cheeses and cold cuts, as well as other Mediterranean dishes.
Location: Marangou 18, Glyfada
Vintage
Vibe: A large, modern open space for smart-casual wining and dining with great service.
Wine List: The only place in Athens where you can choose among 600 labels to try by the glass – either a full glass or even just a half glass.
Food? Platters with quality cheeses and/or cold cuts, original Greek-inspired appetisers like Pastitsio croquettes and mains.
Location: Mitropoleos 66-68, Syntagma
Warehouse
Vibe: Sophisticated but unpretentious, laid back and indulgent.
Wine List: With a wine cellar stocked with over 500 Greek and foreign wine labels, Warehouse has become known for its quality selections and serves around 150 of them.
Food? Greek ingredients farmed by select small producers around the country, food platters and salads.
Location: Valtetsiou 21, Exarcheia
Wine Not
Vibe: Swing jazz music, after-work chill, industrial décor.
Wine List: Around 90 wine labels, 20 of which can be sampled by the glass.
Food? Try the cheese and cold cuts platter with homemade chutneys and jams.
Location: Kalogrezis 12, Halandri
Wine o’ Clock
Vibe: A tiny place with a few benches on the pavement where you can people-watch as you sip wine.
Wine List: Around 70 well selected wine labels, many of them from Greece and 20 of them that can be sampled by the glass.
Food? Small platters with flavoursome bites that are just what you need to accompany good wine.
Location: Lebessi 10, Makryianni
Wine Point
Vibe: Usually busy and lively, with occasional live gigs and a laid back, smart-casual crowd.
Wine List: Over 200 labels to choose from, and with a different Greek winery and its wines presented as a special every month.
Food? Finger foods and bites like bruschetta, olives, cold cuts and cheeses from around Greece.
Vibe: Jazzy (with occasional live gigs too) and easygoing with a chic twist. Beautuifully scenic outdoors with a view of the Parthenon to get drunk on.
Wine List: Regional wines from Greece that are really hard to find elsewhere, as well as top selections from foreign wineries. Around 160 labels of which 40 can be sampled by the glass.
Food? Choose anything you like from the Chocolat Royal Restaurant menu of contemporary Mediterranean cuisine.
Location: Apostolou Pavlou 27, Thisseio
Wine Up
Vibe: With a lovely outdoor garden, this is the ideal place to relax with friends in a casual set-up and simply enjoy great wine in the summer months, but gets a little more trendy and modern indoors during cooler months.
Wine List: Featuring over 200 Greek labels, many of which are organic and produced by small quality wineries around Greece.
Food? A variety of platters starring quality Greek seasonal ingredients from creamy cheeses and punchy olives to juicy tomatoes.
