Record Price Growth
According to market data, in the third quarter of 2025, the average residential property price in central Athens rose by 27.4%, while prices in popular suburbs grew by 22–26%. Demand is particularly strong in areas with good transport links and well-developed infrastructure — such as Peristeri, Drapetsona and along the Athenian Riviera.
Southern Suburbs in the Spotlight
Southern suburbs like Glyfada and Elliniko continue to lead the market. The average price per square meter has already reached €6,632 — a 35% increase compared to 2023. Nearly 29.2% of all new residential projects in the Athens region are concentrated in these areas.
Who Is Buying
Buyers are not only foreign investors but also young Greeks under 40, focusing on capital appreciation rather than short-term rental income. This trend is driving new demand for premium properties and modern developments.
Market Implications
- Prices are rising faster than average rental yields.
- New developments are concentrated in prestigious and well-connected areas.
- Investors are entering with a long-term strategy (5–10 years).
- Demand exceeds supply, increasing competition for prime assets.
Potential Risks
Rapid price growth may lead to overheating in some neighborhoods. Rising tax obligations are also expected with the rollout of new pricing transparency tools and cadastral updates in 2026.
Conclusion
The Athens real estate market is among the most dynamic in Europe in 2025. For investors, this is a window of opportunity — but strategic decisions should account for local specifics, financing conditions, and upcoming regulatory changes.
