Foreign Buyers Drive Luxury Boom on Athens Riviera

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης

The Athens Riviera has become one of Greece’s most expensive real estate markets, with luxury homes selling for as much as €32,000 per square meter and wealthy foreign buyers investing millions of euros in properties along the Attica coastline.

From Glyfada and Voula to Vouliagmeni and Sounio, newly built apartments overlooking the sea, penthouses with private pools and luxury villas are attracting buyers from Europe, the United States and the Middle East.

The large-scale redevelopment of the former Athens airport at Ellinikon, combined with limited housing supply, is helping push prices higher. At the same time, an upcoming increase in property transfer tax for certain non-EU buyers is expected to prompt a surge in transactions during the first half of 2027, as investors seek to complete purchases before the new rate takes effect on July 1.