At the center of international real estate interest, primarily from abroad, the Greek Diaspora, and the domestic market, is the Athenian Riviera, stretching from the southern suburbs of Athens to the southernmost points of Attica.
The interest continues to grow due to major tourism development projects currently underway in the area, but especially because of the largest urban regeneration project being in progress at the Ellinikon area over the past two years.
According to converging estimates that have recently been made public, one key reason why the Athenian Riviera is attractive to foreign buyers is that, despite the significant increase in prices over the past few years, they still remain competitive and considerably lower compared to the prices in the French, Spanish, and parts of the Italian Riviera.
Other important comparative advantages, as noted by experts such as the CEO of Premier Realty, include the location and accessibility, as it is just 20 minutes from the city center and 40 minutes from the airport.
It is situated in a unique natural environment with stunning beaches featuring crystal-clear waters, including ten Blue Flag beaches as of 2024.
What is more, the continuous upgrade of the Athenian Riviera’s infrastructure, featuring high-end marinas, restaurants, and hotels makes it even more attractive to buyers.
It should be noted that The Guardian recently highlighted the Athenian Riviera, by praising how the beaches along its coastline have become pristine, earning Blue Flag certifications.
Additionally, it was pointed out that few visitors, even from Greece, realize that less than 10 miles south of the city center lies this picturesque area of mountains, seaside resorts, and sandy beaches with crystal-clear waters, all certified with Blue Flags.
Regarding the origin of potentially buyers, they are primarily British buyers who are mainly seeking vacation homes and luxury properties near the sea, such as in Glyfada and Vouliagmeni.
Germans have also shown interest in recent years, particularly for luxury apartments and villas, while there is notable interest from Chinese, American, and investors from Arab countries.
