The gap between them is constantly opening southern and northerners suburbs of Athens as the real estate prospects on the Athenian Riviera greatly exceed those around Kifissia.
These two areas have the highest concentration of newly built properties, as builders choose locations that offer a high quality of life and allow a higher profit margin due to selling prices.
In addition to the advantageous position in relation to the sea, the advantages in these areas are the good transport service (metro line and tram line), while a significant number of houses for sale, mainly newly built, of very good or luxurious construction of a large relative size.
The area around Elliniko is where many builders have invested. The Athenian Riviera maintains its role as the strong card of the country, with the regions Kavouri, Glyfada, Varkiza, Vouliagmeni, Sounio and Weights to record extremely high interest.
The Hellinikon project and the displacement of part of the population to the southern suburbs are the main reasons for the rise in prices.
Immediately after the departure of the national airport from the Hellinikon area, the demand for housing began to increase in the wider area, while later with the arrival of the metro, the redevelopment projects of Faleri Bay and the positive impact from the operation of the Stavros Niarchos Foundation Cultural Center, spread more widely.
Prices in the southern suburbs
The figures of the REMAX network are revealing, according to which high prices are also recorded in the Southern Suburbs, noting very significant increases in newly built properties by an average of 15.8%.
Specifically, the biggest increase per sq.m. presented by the regions of Vari, Glyfada and Hellinikon. In used cars, the increase was an average of 17.2%.
The biggest increases in sales prices were observed in the areas of Vari, Voula and Elliniko.
In the new developments and especially in Glyfada around the golf area, most of the properties have a private pool on the balcony of the apartment, a shared gym as well as a guest lounge.
The northern suburbs
The northern suburbs have always been one of the most expensive areas of the capital, due to the good quality they offer.
In the Northern Suburbs area, both new-build and pre-owned properties are seeing even bigger increases compared to 2022.
Specifically, an average increase of 7.6% is recorded in newly built and 11.4% in used ones. This resulted in the average prices being 4,255 euros and 2,828 euros respectively.
It is worth noting that foreign buyers may turn to the southern suburbs, but the Greek public votes Kifissia, Ekali, Filothei, Politeia and Psychicespecially when the houses are of green specifications.
New constructions have been increasing in recent years resulting in newly built properties as well as commercial properties being sold at high prices.
Source: Ot.gr
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