The cost of properties on the Athens Riviera, a coastal strip of land in the southern suburbs of Athens, spanning from Greece from the port of Piraeus to Sounion and Lavrio, continues to surge, as demand remains unabated.
Housing prices in the upscale location have skyrocketed, surpassing all other regions in the country. The Ellinikon urban regeneration project, the largest in Europe, has played a key role in the spike.
Greek and foreign buyers have expressed interest in acquiring property in the southern part of Athens at the Athens Riviera, a sign of even greater growth in the future.
Notably, international buyers—primarily from wealthier countries—continue to invest in the area, contributing to high demand outpacing supply.
According to real estate market research, the southern suburbs are at the forefront, attracting attention from foreign investors.
According to Premier Realty company, property values in Athens’ southern suburbs have seen a notable increase. In 2024, prices rose by approximately 7.9%, with forecasts predicting a continued, albeit slower, rise of around 3% in 2025.
The ongoing redevelopment of the coastal front is expected to reshape market dynamics further.
Despite recent price increases, the Athenian Riviera remains more affordable compared to other Mediterranean hotspots.
Luxury newly built properties in the area range from €6,800 to €13,000 per square meter, significantly lower than the €30,000 to €60,000 per square meter seen in regions such as the French Riviera.
