The southern suburbs of Athens retain the highest property prices regarding new developments, placing them among the highest in the country, according to the Bank of Greece (BoG).
The region’s proximity to the coast, extensive transport network—including metro and tram lines—and a large stock of newly built, high-quality or luxury homes make it one of the most desirable locations for buyers.
Data from the Bank of Greece shows a further increase in property prices during the second quarter of 2025. According to ReDataset, the southern suburbs now account for 29.2 percent of all new residential properties in the Athens metropolitan area, totaling 1,830 units. In comparison, the northern suburbs absorb 1,336 properties, central Athens 1,311, eastern Attica 832, western Attica 556, and Piraeus 404.
Of the 1,830 residential properties in the southern suburbs, 1,257 are apartments and 573 are maisonettes. Glyfada has the largest share, accounting for 27.5 percent of the total, followed by Palaio Faliro, Alimos, Kallithea, Elliniko-Argyroupoli, Agios Dimitrios, Nea Smyrni, and Moschato-Tavros.
Unsurprisingly, Glyfada, a trendy coastal city located in the southern part of the Athens urban area, also recorded the highest average price, reaching €6,632 per square meter. Alimos, a suburb in the Saronic Gulf, also in the southern region, followed at €5,761 per square meter. Elliniko came next at €5,720, Palaio Faliro at €5,130, Nea Smyrni at €4,523, Kallithea at €4,269, Agios Dimitrios at €4,238, and Moschato at €3,857 per square meter.
While most property buyers remain Greek, foreign investors are increasingly expanding beyond traditional tourist destinations and major urban centers such as Athens and Thessaloniki. Their interest is now spreading to areas that, until recently, attracted little international demand.
