From Ellinikon to Vouliagmeni, a €8bn regeneration is redrawing the map of coastal living just minutes from central Athens. What it means for values.
Where the Athens Riviera is
The Athens Riviera is the stretch of coastline running south from the city centre through Glyfada, Voula and Vouliagmeni. It combines beaches, marinas and fine dining with a ten-to-thirty-minute reach of central Athens and the international airport — a rare pairing of resort living and metropolitan convenience.
The Ellinikon effect
The Ellinikon — one of Europe’s largest urban regeneration projects, redeveloping the former Athens airport into a vast coastal park, marina, residences and commercial district — is the single biggest driver of the area’s repricing. Proximity to the project has lifted values across the surrounding suburbs and drawn international capital to the coastline.
What it means for values
Prime Riviera addresses — especially Vouliagmeni and seafront Glyfada — have seen sustained demand from both Greek and international buyers. For buyers, the thesis is straightforward: a limited coastline, improving infrastructure, and a lifestyle that few European capitals can match. HELLYSIUM advises on off-market opportunities across the Riviera.