House Prices in Central Athens: The Most Expensive Neighborhoods Revealed

The majority of available properties through the ‘My Home 2’ program date back to the 1970s, significantly shaping the real estate market in Athens. While the age of buildings presents both investment opportunities and renovation challenges, certain neighborhoods stand out for their high property prices. According to an analysis by ReDataset, the data analytics division of Resolute Cepal Greece (RCG), the most expensive areas in the capital are Pagrati, Ano Petralona, and Neos Kosmos, where average prices exceed €2,400 per square meter. Pagrati tops the list with an average price of €2,580 per square meter, driven by its proximity to the city center, vibrant shopping scene, and lively atmosphere. Ano Petralona follows closely at €2,560 per square meter, attracting buyers due to its unique architecture and easy access to public transport. Neos Kosmos ranks third at €2,480 per square meter, benefiting from recent urban development and improved infrastructure. Conversely, the most affordable districts include Victoria Square, Patissia, and Sepolia, with prices ranging from €1,580 to €1,780 per square meter. Location, transportation links, cultural activity, and commercial growth heavily influence property values in Athens. Interestingly, the priciest neighborhoods aren’t necessarily those with newer or larger properties but rather those offering the best quality of life and investment potential. In Eastern Attica, newer constructions from the mid-1990s onward offer spacious homes appealing to families. North Athens features properties built between 1982 and 1991, while South Suburbs combine proximity to the sea with modern amenities.