Simultaneously, a new wave of corporate campuses is emerging, presenting small, fully serviced apartments within old office buildings. These micro-apartments, ranging from 20 to 25 square meters, cater to the evolving demands of modern living.
Micro-apartments and serviced living
The current market trend leans towards smaller, smarter apartments that provide efficient and functional living spaces. DKG Development, with its extensive portfolio, is at the forefront of this shift, with hundreds of new small apartments under construction, ranging up to 30-35 sq.m. These properties cater to diverse needs, serving as serviced apartments, accommodations for students, or residences for employees of large companies. Furnished and equipped with contemporary amenities, these residences offer not only a comfortable living experience but also promise higher returns on investment.
Investment opportunities amidst rising prices
As housing values in Greece approach pre-crisis levels, the market is adapting to new dynamics. Small apartments, some with areas less than 20 square meters, are emerging as investment products offering remarkable ROI opportunities. Projects like the "Moschato Hive" by DKG Development exemplify this trend. The development transforms an old building in Moschato into a corporate campus, designed for employees of a major communication services company. These apartments promise a unique living and working experience. Spanning three levels—ground, first, and second floor—the building comprises 116 apartments, with the majority boasting approximately 25 sq.m. of meticulously designed space. Some units start at just 16 sq.m., offering a range of living options to cater to diverse preferences. The apartments promise an impressive annual yield of 6%, positioning them as sound investment opportunities in the dynamic Athenian real estate landscape.
Serviced apartments with communal facilities
Two growing trends from international markets are gaining momentum in Greece. Firstly, the rise of serviced apartments, equipped with top-notch communal facilities, offers flexible living arrangements for owners and short-term rentals during their absence. Secondly, the demand for small, fully equipped apartments—akin to dormitories—for students or foreign workers is on the rise. These investments function as both a living space and a financial asset, attracting interest from both local and international investors.
In response to the changing market dynamics, DKG Development has made a robust foray into the residential sector, aligning with more institutional and seasoned players in the industry. The "Moschato Hive" project stands as a testament to DKG's commitment to innovative living. This project transforms an old building in Moschato into a corporate campus, offering unique living and working experiences. With a focus on quality design, functionality, and communal amenities, DKG Development sets a new standard for urban living in Athens. As the demand for innovative, smaller living spaces continues to grow, DKG's strategic investments reflect a commitment to shaping the future of Greek real estate.
In conclusion, the Greek residential market is witnessing a transformative period, with a focus on smaller, smarter living spaces. From ground floor lofts to corporate campuses, these developments cater to the evolving needs of the market, offering not just homes but unique living experiences. As DKG Development spearheads this evolution, the future of Greek real estate looks promising, combining innovation, functionality, and a commitment to excellence.