Northern Athens Suburbs Lead Premium Real Estate Market

The northern suburbs of Athens remain among the most expensive areas in Greece, with property prices continuing their upward trend. Buyers in this segment seek high-quality residences and show a clear willingness to pay a premium, even in times of broader market slowdown.

According to CEO of Premier Realty Greece, the premium housing market in the northern suburbs — including Kifisia, Politia, Psychiko, Filothei, Ekali, Drosia, and Strofili — continues to stand out in 2025 thanks to strong demand, even during periods of uncertainty. Over the past six years, prices for top-tier homes in these areas have risen by 45–55%, compared with roughly 40% across the rest of Attica.

Central Kifisia has shown the strongest momentum, recording a 50% increase between 2019 and 2025. Following are Palaio Psychiko–Filothei (+45%), Strofili (+42%), Politia–Ekali (+40%), and Drosia (+38%).

Hotspots of Demand

•  Central Kifisia: The epicenter of demand for luxury apartments and maisonettes, with prices exceeding 6,000 euros per sq. m. Limited supply of modern builds fuels competition and keeps values high.
•  Palaio Psychiko–Filothei: Considered among the safest investments in the Athenian market, with prices above 6,000 euros per sq. m. Stable demand and low volatility make these areas particularly resilient.
•  Politia–Ekali: With prices ranging from 2,800 to 3,800 euros per sq. m., these districts remain attractive for families.
•  Drosia: Emerging as a more affordable premium option at 2,500–3,000 euros per sq. m. Good transport links and larger spaces at a reasonable budget draw family buyers.
•  Strofili: A rising alternative to Kifisia, priced between 3,200 and 3,600 euros per sq. m. It combines neighborhood appeal with lower costs and proximity to schools and shopping districts.

Yields and Outlook

Gross yields in the northern suburbs stand at around 3–4% for quality properties, with upward potential for energy-efficient and recently renovated homes.