Property Prices on the Athens Riviera Reach Historic Highs
The coastal zone of southern Athens suburbs, widely known as the Athens Riviera, continues to experience significant growth in real estate prices. In 2023, the market reached record levels, reflecting strong interest from both local and international buyers.
Price Trends
According to recent data, the average price per square meter on the resale market along the coastline rose to €3,067 — an increase of 10.9% compared to the previous year.
New developments are even more expensive, averaging €4,332 per square meter — up by 11% year-over-year.
Premium Areas
Certain districts significantly exceed the average price levels. For example:
- In Glyfada, new properties are sold for approximately €5,000 per sq.m
- In Voula, prices are similarly high
- In Vouliagmeni, one of the most prestigious areas, prices can surpass €10,000 per sq.m
Why Are Prices Rising?
Experts point to several key factors driving this growth:
- Limited supply and strong demand
- Increased investment through the Golden Visa program
- Major infrastructure upgrades, including metro expansion and coastal redevelopment
- Economic recovery and rising construction activity
A Magnet for Foreign Buyers
The Athens Riviera remains particularly attractive to international investors thanks to its mild Mediterranean climate, proximity to the city center and international airport, and overall high quality of life.
Outlook for 2025
Analysts anticipate that the upward trend will continue into 2025, particularly in areas with active construction projects and growing tourism potential.