- 5 min read
- 06/06/2025
Properties in Elliniko: Investment Opportunities with Lasting Value
The Ellinikon project is changing the landscape in the Southern Suburbs. How it affects prices and what you need to know before investing.

Table of Content
Elliniko: The area of the Athenian Riviera with growing demand for real estate
Between the calm of the sea and the life of the city, the area of Elliniko is evolving into one of the most dynamically developing regions of Attica. A crucial role in this development plays the emblematic “The Ellinikon Project”, which, even before its completion, has transformed the area into a point of reference not only for our country, but for the entire Mediterranean. Demand for properties in Elliniko is steadily increasing and will continue to do so.
The unique location of Elliniko on the Athenian Riviera, its proximity to the center of Athens and its connection with a new way of life make the area an ideal choice for those seeking a high-quality residence that also has investment value.
The Athenian Riviera as a prime destination for luxury properties
The Athenian Riviera is the coastal zone of Athens, which has evolved into one of the most sought-after destinations for the purchase of luxury properties in Greece. The view of the Saronic Gulf and the easy access to and from the city center offer a unique combination of natural beauty, cosmopolitan character and high quality of life.
The rise in demand in 2024 and the profile of buyers. The Athenian Riviera, according to research, is at the top of demand for luxury residences in Greece. In fact, the area gathers 17% of total expressions of interest, and in the first half of 2024 demand increased by 87.2% compared to the previous year, marking one of the highest increases nationwide.
The buyers are both Greeks and international investors, with the main countries of origin being the USA, the United Kingdom, France and Germany.
There is also noteworthy interest from Greeks who are returning to invest in the domestic market!
The buyers who show interest in the purchase of properties in Elliniko are distinguished by their high requirements in terms of construction quality, location and access to modern infrastructure.
How the Athenian Riviera stands out from other popular destinations in Greece
Of course, properties in Mykonos, properties in Rhodes, and properties in the Peloponnese remain popular options for those seeking a luxury residence, but properties on the Athenian Riviera stand out.
They offer a distinct advantage: the possibility of permanent or semi-permanent residence just a breath away from the center of Athens.
Why is Elliniko at the center of interest?
The location of Elliniko offers a combination of advantages. It provides easy access to the center of Athens, direct contact with the sea, as well as links to key road and public transport networks.
At the same time, the redevelopment being carried out through “The Ellinikon Project” represents a landmark investment that brings to Greece a new model of urban development.
The area is expected to be filled with high-aesthetics residences, green spaces with playgrounds and countless parks, commercial zones and infrastructure of international standards that together create a place with high quality of life and even higher expectations for the future.
The Elliniko area is expected to be transformed into a destination of global appeal, as the functions and infrastructure it will offer have not previously existed in similar projects in Greece.
What are the key characteristics of the project?
“The Ellinikon Project” is a redevelopment project that is expected to introduce a new model of living based on technology, sustainability and aesthetics in perfect harmony.
At the heart of the design is the Metropolitan Park, an area of more than 2,000 stremmas (over 2,000,000 m²), filled with greenery, sports facilities, playgrounds, walking paths and numerous leisure areas.
Around the area there will be a new marina for ultra-luxury yachts, luxury hotels and a new commercial and business center with modern infrastructure. At the same time, the reconstruction of Alimos Marina, the largest in the Southeastern Mediterranean, further strengthens the character of the area as a premium destination for boat owners and high-profile investors.
At the core of the project’s design is green development, so that residents and visitors can enjoy a unique experience of nature, the sea, culture and innovation.
The impact on property values and demand in the Elliniko area
Even before the Elliniko redevelopment is completed, property values and demand have already begun to record a steady and impressive increase, which is not expected to decrease.
Greek and foreign investors, recognizing the strong prospects for capital appreciation and the overall upgrading of the area, are showing their interest.
Properties in Elliniko and in the surrounding areas are gaining added value thanks to the comprehensive transformation of the region.
The unique position of Elliniko in the heart of the Athenian Riviera, combined with its new character as a destination of high aesthetics and quality of life, further enhances its attractiveness in the real estate market. Buying a property in Elliniko is not only a lifestyle choice, but also a strong investment prospect for those seeking a property in an area with lasting value, high demand and a projected dynamic upgrade in the coming years.
The future of the Athenian Riviera up to 2035
Over the next decade, the Athenian Riviera is expected to evolve into one of the most modern examples of urban development in the Mediterranean. With the Elliniko project at its core, and with complementary investments in infrastructure, transport and sustainable practices, the area is steadily moving toward the creation of a “smart city”.
Within the framework of this smart city, energy-efficient buildings, green spaces, upgraded public transport and applications that will facilitate residents’ daily lives are being planned.
At the same time, the extension of the tram, the connection with Metro Line 2, safe cycle paths and the utilization of renewable energy sources further reinforce the character of the area as a model of sustainable and modern urban living.
Properties in Elliniko offer everything today’s luxury property buyers are looking for: strategic location, continuous and dynamic development, and quality of life. With every new step of the redevelopment, the value of the area is consolidated and strengthened, and along with it, the decision to invest becomes even clearer.
FAQ
Frequently Asked Questions about buying property in Elliniko
The area of Elliniko is located on the southern side of Athens, in the heart of the Athenian Riviera. Its direct access to the sea as well as to the city, since it is only a few minutes from the center of Athens, and the fact that it offers direct access in just 30 minutes to Athens International Airport “Eleftherios Venizelos” make it an ideal choice both for permanent residents and for visitors.
At the same time, by living in a property in Elliniko, you are at the center of the largest urban redevelopment project in Europe.
Luxury apartments in Elliniko, newly built apartment buildings, residences with sea views on the Athenian Riviera, as well as investment properties with strong potential for capital appreciation, are the most sought-after types of housing in Elliniko.
These are ideal both for those who want a property for owner-occupation and for those seeking an investment through short-term rentals, such as Airbnb.
Investing in a property in Elliniko has strong prospects for capital appreciation, given that the area is at the center of the largest urban development project in the country, where ongoing developments consistently enhance property values and attract international interest.
Demand keeps rising, and the indications for added value in the coming years are clear.
Buying a property in Elliniko is therefore a strategic move with long-term benefits!
The redevelopment of the Elliniko area acts as a growth driver for the entire Athenian Riviera. Even before the project is completed, we are already seeing a significant increase in prices in the Southern Suburbs, such as properties in Glyfada, residences in Palaio Faliro, Voula and Vouliagmeni, as well as properties in Alimos.
The anticipated improvement in infrastructure and quality of life strengthens demand and leads to capital appreciation in the surrounding areas as well.
Contact
Contact your personal advisor


Engel & Völkers Greece
Athens Tower 2-4, Mesogeion Avenue (10th Floor)
11527 Athens, Greece
Tel: +30 211 105 500 0