Among the factors that can impact real estate demand in a given area is how attractive of a place to live the area is. What things make a given area an attractive place to live can vary among age groups, as different age groups can be looking at very different things when it comes to where they want to live.
Recently, a list of the top cities in the world for millennials was released by the website Nestpick. In gauging how attractive of a place to live the different cities of the world were for millennials, 16 different factors were considered. Some examples of these factors are: cost of living, employment offerings, internet speed, healthcare access, public transportation access, beer prices and gender equality.
One Greek city made it into the top 50 on this list: Athens. The list gave Athens a rank of 46. In addition to being the top-ranked Greek city, Athens also outranked the vast majority of U.S. cities. Only two U.S. cities got a higher ranking than Athens: Austin and San Francisco.
One wonders if upcoming years will see a lot of millennials drawn to Athens. If this does happen, one wonders what impacts it will have on Athens’ real estate market.
The condition of Athens’ real estate market can impact many people, including Greek Americans who own property in the city. When legal issues, such as potential transactions, come up for a Greek American in connection to property they have in Athens or other Greek cities, it can be of great importance for them to have quality legal guidance as they navigate the issue.
Source: Forbes, “Ranked: The 50 Best Cities For Millennials To Live Right Now,” Laura Begley Bloom, April 24, 2017
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