Athens Riviera: Where to Find the Cheapest and Most Expensive Homes

The Athens Riviera is increasingly becoming one of the most attractive destinations for real estate buyers, both locally and internationally. Market trends, according to Korina Saiya, managing consultant at Premier Realty, show continuous growth with significant increases in property prices, heightened foreign interest, and improvements in infrastructure that enhance the dynamics of the Athens Riviera. Demand for properties in the southern suburbs of Athens continues to rise, leading to a notable increase in prices. In 2024, property prices in the area increased by approximately 7.9%. Although this growth is expected to slow down in 2025, further increases of around 3% are predicted. Despite price hikes, the Athens Riviera still offers competitive prices compared to other popular Mediterranean destinations. Luxury newly-built homes in the area range between €6,800 and €13,000 per square meter. In comparison, similar prices on the French Riviera reach €30,000 to €60,000 per square meter, making the Athens Riviera an attractive alternative for both individuals and institutional investors. The unique natural environment, modern infrastructure, and relatively low property prices have made it a hub for international buyers, especially from the UK, Germany, China, the USA, and the Middle East. Additionally, its proximity to central Athens and Athens International Airport further boosts its appeal. Infrastructure upgrades play a crucial role in enhancing property values in the Athens Riviera. One of the most significant ongoing projects, aside from the redevelopment of Elliniko, is the Metropolitan Park Aeona in Phaleron, a €370 million ambitious coastal project covering 570 acres with pedestrian paths, sports facilities, marinas, and open-air cinemas. Its completion in 2028 will further enhance the region’s attractiveness. Median property prices in Attica’s southern suburbs vary significantly, with some areas offering more affordable options and others reaching exceptionally high levels. The most economical choice is found in Kalyvia Thorikou, where the average price per square meter is €2,520, attracting buyers seeking accessible solutions while enjoying tranquility and access to nature. Slightly higher, in Paleo Faliro, the average price is €3,800, making it an attractive option for those wanting to be close to central Athens but also enjoy the coastal zone. Following is Voula, with an average price of €3,820/sq.m., offering a more family-oriented character and larger homes compared to other southern suburbs. Significantly more expensive is Elliniko, priced at €5,039/sq.m., bolstered by the massive investment in the former airport, which is expected to drastically change the area’s image. In Glyfada, one of the most popular coastal zones, the average price reaches €5,100/sq.m., while slightly higher is Vouliagmeni at €5,680/sq.m., maintaining a quieter and more aristocratic character. At the top of the list, with the highest average price, is Vouliagmeni, where the cost per square meter is €7,441. This is one of the most expensive and sought-after areas in Attica, featuring luxurious homes, high-quality living, and direct access to some of the most beautiful beaches of the Athens Riviera. The Athens Riviera continues to evolve into one of the most dynamic and attractive destinations in the Greek real estate market. Continuous price increases, affordability compared to other Mediterranean regions, strong foreign interest, and infrastructure investments create a favorable environment for those seeking investment opportunities or a home in one of Attica’s most privileged areas.