Buyer Guide: Neos Kosmos — Why It’s an Attractive Option & What Prices Are Like
Buyer Guide: Neos Kosmos — Why It’s an Attractive Option & What Prices Are Like
Thinking of buying an apartment in Athens, and heard good things about Neos Kosmos? Here’s a handy buyer’s guide covering what’s good about the area and what you can expect to pay per square meter — including differences for renovated vs. unrenovated apartments.
✅ Why Neos Kosmos Is an Interesting Choice
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Central location + good transport links — Neos Kosmos is very close to the center of Athens, and benefits from excellent transport: metro, tram, trolleys, and buses. That makes commuting or reaching historic / tourist areas easy.
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Emerging / upward-trend neighborhood — Neos Kosmos is increasingly seen as a “rising” part of Athens real estate: new interest from investors, modern residential projects, and spillover demand from nearby, more expensive neighborhoods.
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Good for rentals (short or long-term) & investors — Because of its central location + transport + improving infrastructure, it’s popular among renters and investors looking for apartments to rent or offer for short lets.
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Mix of old charm and renovation potential — There are many older buildings which offer opportunities to buy at lower cost and renovate — a potential plus if you don’t mind investing in upgrades.
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Relative value for money (compared to more expensive central areas) — Prices per square meter tend to be more affordable compared to premium central or luxury neighborhoods in Athens, yet you remain close to city center and amenities.
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📊 What Prices Look Like in Neos Kosmos (2025)
Based on recent listings and market data, here’s a snapshot of current asking prices per square meter in Neos Kosmos (sale market, Oct 2025) and how renovation/condition affects value.
| Condition / Apartment type | Indicative €/m² | Notes / Examples |
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| Typical apartments (mixed conditions) — average across area | ~ €3,039/m² | This is the average asking price for properties for sale across Neos Kosmos. |
| Range across sub-areas | ~ €2,847 – €3,112 /m² | Lower end (e.g. sub-areas like “Άγιος Σώστης”): ~€2,847/m²; higher end (e.g. “Κυνοσάργους” sub-area): ~€3,112/m² |
| Renovated / modern / recently upgraded apartments | ~ €3,000 – €4,000/m² (or slightly above) | Example: a 60 m² renovated apartment listed at total €240,000 → ~€4,000/m². |
| Sample “ready-to-go / renovated & modern” listing | ~ €3,077/m² | 65 m², 2-bedroom renovated apartment sold for €200,000. |
| Higher-end / large / premium apartments (renovated or luxury) | Can go well above average depending on size, condition, floor, view, amenities | Larger / high-spec apartments fetch higher total prices (but price/m² depends also on condition and amenities). |
Rough rule of thumb (2025):
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Older or unrenovated apartments (average condition) — €2,850 – €3,050/m².
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Apartments renovated or modernised / “move-in ready” — €3,200 – €4,000/m², depending on quality, building, and amenities.
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Premium or more modern complexes / larger layouts — higher, depending on specifics.
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📝 What to Check / What to Ask Before Buying
When considering buying an apartment in Neos Kosmos (or any urban area), pay attention to:
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Condition of the building and apartment — Is it renovated? Are plumbing, electricity, windows, insulation, heating modern and in good shape? Renovations significantly influence value per m².
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Proximity to metro / transport / amenities — Apartments close to metro/tram stops, shops, cultural spots tend to have better value and resale/ rental potential.
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Building age & maintenance state — Older buildings may have charm but also hidden costs (e.g. need for upgrades, common area maintenance, new energy-efficiency regulations).
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Apartment layout, size, light, balconies, view — Especially in a central city area, these impact desirability and final price: balconies, good light, functional layout are bonuses.
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Potential for renovation or upgrades — If you buy a cheaper, older unit, renovation can increase both living comfort and resale/rental value — but calculate renovation costs carefully.
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Market trends & future prospects — Given that Neos Kosmos is trending up (new interest, demand), buying now might offer value and future appreciation.
🎯 Who is Neos Kosmos Good For
Neos Kosmos makes sense, especially for:
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First-time buyers who want relatively affordable central-Athens apartments without the premium price of historic/ luxury neighborhoods.
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Investors looking to buy-for-rent or for short-term rentals (given transport access, demand, central location).
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Buyers open to renovation — older apartments with potential, to upgrade and personalise.
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People wanting central-city convenience with somewhat better price/value balance than luxury neighborhoods.
⚠️ What to Be Wary Of
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Older buildings may need renovation or maintenance, which adds cost — consider total cost, not just purchase price.
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As the area becomes more popular, prices may increase — if you wait, entry price might rise.
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In smaller apartments, layout, and light matter a lot — living comfort and resale value vary widely depending on these.
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