- 5 min read
- 06/06/2025
Properties in Elliniko: Investment opportunities with lasting value
The Elliniko project is reshaping the landscape of the southern suburbs. How is it affecting prices and what should you know before investing?

Elliniko: The Athenian Riviera area with rising property demand
Between the calm of the sea and the vibrancy of city life, Elliniko is evolving into one of the most dynamically developing areas of Attica. A key driver of this growth is the landmark "The Ellinikon Project", which, even before its completion, has transformed the area into a point of reference not only for Greece but for the entire Mediterranean. Demand for properties in Elliniko is steadily increasing and is expected to continue doing so.
Elliniko’s unique location on the Athenian Riviera, its proximity to the center of Athens, and its connection to a new lifestyle concept make the area an ideal choice for those seeking a high-quality residence with strong investment value.
The Athenian Riviera as a leading destination for luxury real estate
The Athenian Riviera, the coastal zone of Athens, has evolved into one of the most sought-after destinations for luxury property purchases in Greece. Views of the Saronic Gulf and easy access to and from the city center offer a unique combination of natural beauty, cosmopolitan character, and high quality of life.
Rising demand in 2024 and buyer profile
According to research, the Athenian Riviera ranks at the top of demand for luxury residences in Greece. The area accounts for 17% of total expressions of interest, and during the first half of 2024, demand increased by 87.2% compared to the previous year, marking one of the highest increases nationwide.
Buyers include both Greeks and international investors, with the main countries of origin being the United States, the United Kingdom, France, and Germany.
There is also notable interest from Greeks returning from abroad to invest in the domestic market.
Those interested in purchasing property in Elliniko are distinguished by high standards regarding construction quality, location, and access to modern infrastructure.
How the Athenian Riviera stands out from other popular destinations in Greece
While properties in Mykonos, Rhodes, and the Peloponnese remain popular choices for those seeking a luxury residence, properties on the Athenian Riviera stand out.
They offer a distinct advantage - the opportunity for permanent or semi-permanent living just moments away from the center of Athens.
Why is Elliniko at the center of interest?
Elliniko’s location offers a unique combination of advantages. It provides easy access to the center of Athens, direct proximity to the sea, and strong connectivity to major road and transport networks.
At the same time, the transformation driven by "The Ellinikon Project" represents a landmark investment that introduces a new standard of urban development in Greece.
The area is expected to feature high-end residential properties, expansive green spaces with playgrounds and numerous parks, commercial zones, and international-standard infrastructure - all contributing to an exceptional quality of life and even higher expectations for the future.
Elliniko is projected to evolve into a destination of global appeal, as its scale, functionality, and infrastructure are unprecedented in comparable projects across Greece.
What are the key features of the project?
"The Ellinikon Project" is a large-scale redevelopment initiative designed to introduce a new lifestyle model based on technology, sustainability, and aesthetics in complete harmony.
At the heart of the master plan lies the Metropolitan Park - a green space of over 2,000 stremmas - featuring sports facilities, playgrounds, walking paths, and numerous leisure areas.
Surrounding the area will be a new ultra-luxury marina, high-end hotels, and a modern commercial and business center with state-of-the-art infrastructure. At the same time, the reconstruction of Alimos Marina - the largest in the southeastern Mediterranean - further strengthens the area’s profile as a premium destination for yacht owners and high-profile investors.
Green development is central to the project’s vision, ensuring that residents and visitors experience a unique blend of nature, sea, culture, and innovation.
The impact on property values and demand in Elliniko
Even before the completion of the Elliniko redevelopment, property values and demand have already begun to record steady and impressive growth, a trend that is not expected to slow down.
Greek and international investors, recognizing the strong capital appreciation potential and the area’s overall upgrade, are showing significant interest.
Properties in Elliniko and the surrounding areas are gaining added value thanks to the comprehensive transformation of the district.
Elliniko’s unique location at the heart of the Athenian Riviera, combined with its new identity as a destination of high aesthetics and quality of life, further enhances its attractiveness in the real estate market. Purchasing property in Elliniko is not merely a lifestyle choice, but also a strong investment opportunity for those seeking an asset in an area with lasting value, high demand, and clear prospects for dynamic growth in the coming years.
The future of the Athenian Riviera through 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, along with complementary investments in infrastructure, transportation, and sustainable practices, the area is steadily moving toward the creation of a "smart city".
As part of this smart city vision, energy-efficient buildings, expanded green spaces, upgraded transport networks, and digital applications designed to enhance residents’ daily lives are being planned.
At the same time, the tram extension, the connection to Metro Line 2, safe cycling routes, and the use of renewable energy sources are strengthening the area’s profile as a model of sustainable and contemporary urban living.
Properties in Elliniko offer everything today’s luxury property buyers seek - a strategic location, continuous and dynamic development, and an exceptional quality of life. With each new phase of the redevelopment, the area’s value is further solidified and enhanced, making the investment decision increasingly clear.
FAQ
Frequently asked questions about buying property in Elliniko
Elliniko is located in the southern part of Athens, at the heart of the Athenian Riviera. Its direct access to the sea as well as to the city - just a few minutes from the center of Athens and only 30 minutes from Athens International Airport "Eleftherios Venizelos" - makes it an ideal choice for both permanent residents and visitors.
At the same time, living in a property in Elliniko places you at the center of the largest urban redevelopment project in Europe.
Luxury apartments in Elliniko, newly built residential buildings, sea-view homes on the Athenian Riviera, and investment properties with strong capital appreciation prospects are among the most sought-after properties in the area.
These homes are ideal both for owner-occupation and for investment purposes, including short-term rentals such as Airbnb.
Investing in a property in Elliniko offers strong capital appreciation potential, given that the area is at the center of the largest urban development project in the country, with ongoing initiatives that continuously enhance property values and attract international interest.
Demand continues to grow, and indications for future value appreciation in the coming years are clear.
Purchasing property in Elliniko therefore represents a strategic move with long-term benefits.
The redevelopment of Elliniko is acting as a growth catalyst for the entire Athenian Riviera. Even before the project’s completion, we are already observing a significant increase in property prices across the southern suburbs, including Glyfada, Palaio Faliro, Voula, Vouliagmeni, and Alimos.
The expected improvement in infrastructure and overall quality of life is strengthening demand and driving capital appreciation in the surrounding areas as well.
Contact
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Engel & Völkers Greece
Athens Tower 2-4, Mesogeion Avenue (10th Floor)
11527 Athens, Greece
Tel: +30 211 105 500 0