Over the past six years, prices of premium homes in the Northern Suburbs have risen by approximately 45–55%, compared with ~40% across the rest of Attica. Even during the pandemic, premium areas maintained annual growth rates of 4–5%, demonstrating a resilience few markets could match.
As shown in the chart below, the rise has been impressive across all key suburbs, with Central Kifissia recording the strongest momentum.
Luxury Market Hotspots in the Northern Suburbs
Central Kifissia
This is where demand is highest for luxury apartments and maisonettes, with prices exceeding €6,000/sq.m. Supply is limited, especially in modern constructions, which fuels competition and sustains high values.
Palaio Psychiko – Filothei
Traditionally the safest investments in the Athens market, with prices above €6,000/sq.m. They are characterized by steady demand, low availability, and minimal volatility even during times of crisis.
Politeia – Ekali
With prices ranging from €2,800–3,800/sq.m., these areas remain popular with families. There is a noticeable shift toward more functional homes with smaller footprints and better energy efficiency, yet demand for houses with gardens and pools remains strong.
Drosia
Emerging as a more affordable premium option, with prices around €2,500–3,000/sq.m. Strengthened by good transport connections, it attracts families seeking larger spaces within a more reasonable budget.
Strofyli
A neighborhood gaining traction as an “alternative” to Kifissia. With prices between €3,200–3,600/sq.m., it offers the same community feel at a lower cost, along with attractive proximity to schools and shopping.
As Ms. Saias emphasizes:
“In the Northern Suburbs, gross yields range from 3–4% for quality properties, with potential for further growth in energy-efficient and recently renovated homes. For those considering a purchase in these areas, timing is key, as the best properties are absorbed quickly and rarely reappear on the market.”
