Housing prices in Athens’ southern suburbs are high, maintaining their position as the frontrunners in Greece’s real estate market, for 2025. The surge is driven by luxury residential developments along the Athenian Riviera, particularly in areas such as Ellinikon and other major developmental projects.
According to Korina Saia, CEO of Premier Realty, the Athenian Riviera—a scenic 60-kilometer stretch from Piraeus to Sounio—has undergone a remarkable transformation in recent years, emerging as a prime investment hub. The ongoing development of Ellinikon, a landmark coastal regeneration project, has been a key driver of this trend.
Beyond its enviable seaside location, the region boasts excellent transport links, including metro and tram lines, and a substantial supply of newly built, high-end, and luxury residences.
Rising Demand and Prices
The rising demand for properties in Athens’ southern suburbs continues to push prices upward. In 2024, real estate values in the area rose by approximately 7.9%, with forecasts predicting a more moderate 3% increase in 2025.
Despite these price hikes, the Athenian Riviera remains significantly more affordable than other Mediterranean hotspots. Luxury new-build properties range from 6,800 to 13,000 euros per square meter—far below the 30,000 to 60,000 euros per square meter seen in areas such as the French Riviera.
A Magnet for Foreign Investors
The combination of natural beauty, modern infrastructure, and relatively lower real estate costs has attracted international investors, particularly from the UK, Germany, China, the U.S., and the Middle East. The region’s proximity to downtown Athens and the international airport further enhances its appeal.
Several high-profile projects are also underway, including the Aeanon Metropolitan Park in Faliro. This 370 million euros waterfront attraction, spanning 570 acres, is set to feature pedestrian walkways, sports facilities, marinas, and open-air cinemas. Scheduled for completion in 2028, it is expected to further boost the area’s attractiveness as a prime real estate destination.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Passenger Traffic at Greek Airports Sees 6.1% Increase in Early 2025
Heraklion International Airport in Crete experienced an impressive 30% rise in passenger numbers in February 2025, serving 125,133 travelers compared to 96,267 the previous year
Eurostat: Inflation in Greece at 3% in February
Across the eurozone, annual inflation fell to 2.3% in February 2025 from 2.5% in January, compared to 2.6% recorded a year earlier
Food Prices in Greece Surge by 38.97% in Last 15 Years
A study found that while the increase in food prices in Greece is lower than the EU average, sluggish income growth leaves Greek households struggling.
Strong Winds Keep Ships Docked in Greece
Travelers are urged to stay informed about weather conditions and potential transportation delays
Mitsotakis: Statute of Limitations on Ministers’ Liability Law to be Axed
Greek PM made the statement after a recently resigned deputy minister said he wants the courts to hear a case involving the Tempi rail disaster and his alleged offense in the subsequent rescue and salvage operation
IPTO Head: Both We, Greek Govt Knew GSI Wouldn’t be Easy
IPTO Managing Director Manousos Manousakis: 'We knew very well that Turkey wouldn't congratulate us for wanting to connect Cyprus with the European network, but specifically with Greece'
Moody’s Upgrades Alpha Bank, Piraeus Bank
Moody’s raised the credit ratings of Alpha Bank and Piraeus Bank to “Baa2” from “Baa3,” while their outlooks have now been revised to stable from positive
Santorini Aims for Rhodes-Style Recovery After Seismic Activity
Santorini launches a €1M campaign to revive tourism after months of earthquakes and reassure visitors the island remains a safe destination
The ‘Hot Spots’ in Greece for Holiday Properties
New holiday home projects are emerging across Crete
Bank of Greece Governor Rules Out 13th and 14th Salaries
Regarding the European Central Bank’s next moves on interest rates, he indicated that he does not foresee significant changes in monetary policy for the time being
