What “A Good Area” Really Means — and Why Most Buyers Get It Wrong

The phrase “good area” is one of the most overused — and misunderstood — concepts in real estate. It usually means: “It’s well known” “Prices are high” “Everyone wants to buy there” But none of these define quality. They define reputation. And reputation is not an investment metric.

NEIGHBORHOOD GUIDES

Christos Boubalos - poli.gr

2/9/2026

The first mistake: confusing location with outcome

Most buyers assume:

“If the area is good, the property is safe.”

In reality:

  • bad purchases happen in “good” areas

  • mediocre assets underperform in prime locations

  • value is often destroyed where it is assumed to be guaranteed

As explained in
What ‘Safe’ Really Means in Real Estate Investing,
safety does not come from the area’s name — it comes from the structure of the decision.

What does not make an area good

Let’s start with what is not enough:

  • high prices

  • popularity on listing platforms

  • historical prestige

  • general demand

These describe the past, not the future.

The market has already priced this information in.
There is no advantage there.

What actually makes an area good (from an investment perspective)

1. Liquidity — not just demand

A good area is one where:

  • transactions actually happen

  • not just conversations

Liquidity means:

  • depth of buyers

  • multiple budget levels

  • not a single buyer type

As discussed in
Why Liquidity Is the Real Competitive Advantage,
value is proven at exit — not at entry.

2. Who buys there — not how many

Volume alone means nothing.

What matters is:

  • who the buyers are

  • why they buy

  • how resilient they are over time

Areas dependent on:

  • one buyer profile

  • a trend

  • a short-term narrative

are fragile — no matter how “good” they appear today.

3. What you can sell later — not what you can buy today

Most buyers focus on:

  • what is available now

Professionals focus on:

  • what will still be desirable later

A truly good area is one where:

  • the property remains relevant

  • it doesn’t rely on constant upgrades

  • it doesn’t depend on hype

4. Micro-location matters more than the area itself

Two properties:

  • in the same neighborhood

  • 300 meters apart

can have:

  • completely different demand

  • different buyer profiles

  • different liquidity

Quiet streets, orientation, building quality, immediate surroundings —
these define real quality.

Not the postcode.

Why most buyers get it wrong

Because they:

  • follow generic advice

  • rely on reputation

  • fear deviating from the “safe choice”

But the “safe choice”:

  • is already expensive

  • has absorbed most upside

  • often delivers lower returns

As shown in
Why Most Properties Never Truly Reach the Market,
real opportunities rarely appear where everyone is looking.

How professionals think differently

They don’t ask:

“Is this a good area?”

They ask:

  • how liquid is it

  • who will buy here in 5–10 years

  • what changes at micro level

  • how do I exit

And often they choose:

  • less famous neighborhoods

  • with better structure

  • and cleaner long-term dynamics

The role of Poli Real Estate

At Poli Real Estate, area evaluation is not done with generic maps.

It is based on:

  • transaction data

  • buyer profiles

  • market depth

  • micro-location analysis

  • exit scenarios

Because an area is not “good” by default.
It is good only in relation to a specific objective.

Conclusion

A good area is not:

  • the most expensive

  • the most talked about

  • the most fashionable

It is the one that:

  • functions over time

  • preserves optionality

  • does not rely on reputation

And none of this appears in a listing.
It shows up only in the data.

Talk to Poli Real Estate to evaluate whether an area is truly “good” for your specific objective