Premium Areas in Greece for Housing & the Surprise City with the Biggest Growth
High-Aesthetic Real Estate in Greece: The 5 Most Premium Areas & the Surprise City with the Biggest Growth
The Greek housing market is attracting intense international interest, with areas that combine luxury, natural beauty, and investment potential gaining remarkable recognition. New data from Astons reveal the five top premium locations and one surprise regional city that recorded the highest annual increase in property values.
1. The Southern Suburbs of Athens – the lifestyle real estate hotspot
At the top of the most expensive areas are Athens’ southern suburbs, including the Athenian Riviera. Glyfada, Elliniko, Voula, and Vouliagmeni present an average price of €4,052/sq.m., reflecting the rising demand for ultra-luxury seaside residences.
2. The Cyclades – the classic lifestyle destination
The Cyclades, with Mykonos and Santorini as the iconic frontrunners, rank second with €3,800/sq.m., thanks to their traditional architecture, global reputation, and irresistible views and atmosphere.
3. The Northern Suburbs of Athens – urban choices with quality
Next are the northern suburbs of Attica, with an average price of €3,296/sq.m., combining greenery, functionality, and high quality of life.
4. Lefkada – the Ionian at its most premium
Lefkada stands out with an average price of €3,269/sq.m. and is one of the most premium tourist destinations, ideal for those seeking a mix of natural beauty and investment appeal.
5. Chania – history and quality of life
Chania completes the top five with an average price of €2,750/sq.m., showcasing the blend of Mediterranean lifestyle, cultural heritage, and a serene atmosphere, highly attractive to both domestic and international buyers.
The surprise city: Kavala – the unexpected investment twist
Kavala recorded the highest annual property value growth nationwide, reaching an impressive +36.3%, largely thanks to steady demand from Turkish investors and the city’s strategic geographical position.
Other regions with strong growth include:
- Lefkada: +22.3%
- Thesprotia & Chania: +22.0%
- Messinia: +21.4%
These figures highlight that, beyond the traditional premium zones, there are also regional areas with exceptional investment potential.
Macro conclusions and trends
Three value tiers emerge: the luxury (southern suburbs, Cyclades), the upper-middle (northern suburbs), and the premium-with-high-growth-potential (Lefkada, Kavala, Chania).
Kavala demonstrates significant acceleration – investors should note the positive momentum and the opportunities for new investments.
The Golden Visa program, aiming at renovating and converting commercial properties into residences, acts as a catalyst for upgrading the property stock and strengthening values.