Acropolis View Makes this Apartment the Most Expensive in Athens

With a price tag of 48 million euros ($52 million) an apartment with a panoramic view of the Acropolis is the most expensive house in Athens.

Sotheby’s says that “Majestic” is a landmark property located on one of Athens‘s most iconic streets, the Dionysiou Areopagitou Street, and could be used as a symbolic private mansion, an art gallery, or a private members club.

With extraordinary views of the Parthenon and the Acropolis, as well as close to other significant cultural sites and monuments, the enviable location is rich in history.

With a strong architectural presence, this striking corner building is one-of-a-kind, the luxury real estate agency says.

Features of most expensive apartment Athens

With five floors in total, the ground level consists of two commercial properties of 146 sq.m and 114 sq.m, each with its direct access to the basement, and a 40 sq.m residential apartment.

On the first floor, there are four apartments ranging from 45 sq.m to 115 sq.m, while the second and the third floors consist of two apartments each, ranging from 160 sq.m to 175 sq.m. On the fourth floor, there is a spacious 279 sq.m apartment, while on the fifth floor, an apartment of similar size benefits from direct access to the roof garden.

The interiors impart a sense of grandeur with the use of marble and wood throughout the property adding to the opulent feel, Sotheby’s says. The sweeping staircase with curved marble steps and solid wood and iron balustrade is an impressive feature at the center of this extravagant building.

An oasis in the center of the city, the roof garden is a great place to relax while enjoying 180-degree views of Athens, from the National Garden down to the sea.

Surrounded by splendid neoclassical mansions, the new Acropolis Museum, and Herodes Atticus’ Roman theater, Majestic is at the epicenter of Athenian cultural life. Simply embrace the feeling of being lost in time and history.

The buyer of this property is eligible for the Greek Golden Visa Program, Sotheby’s adds.

Home prices in Athens are surging

Home prices in Athens are surging making the Greek capital one of Europe’s hottest housing markets, Bloomberg reported recently.

The surge has been driven in part by the long, slow fallout of Greece’s debt crisis. Hundreds of thousands of homes are caught up in legal entanglements, thinning the market and driving up prices in Athens faster than any other major European city.

Greece’s decade-long debt crisis left lenders with €107 billion of soured debt in 2016. Since then, banks have sold bad loans, but with many backed by properties, that collateral has been caught up in efforts to reach payment deals with debtors. While the homes could eventually hit the auction block, the negotiations are squeezing supply.

On top of the shortage, the economy is recovering and providing locals with more spending power, Bloomberg said.