Nea Smyrni

Nea Smyrni

Area Overview, Quality of Life & Real Estate Market 2025

Location & Historical Background

Nea Smyrni is located in the southern suburbs of Athens, bordering Neos Kosmos to the north, Agios Dimitrios to the east, Palaio Faliro to the south, and Kallithea to the west. It is an area with a rich history, established as a refugee settlement after the Asia Minor Catastrophe. In 1928, it had only 210 inhabitants, whereas today it is one of the most vibrant and bustling suburbs of the city.

Nature & Green Spaces

Despite significant urban development, Nea Smyrni offers important green spaces, with the most notable being the Nea Smyrni Grove, located near the central Square, featuring walking paths, playgrounds, and relaxation areas. The neighborhoods are dotted with many squares and small parks, enhancing residents’ quality of life.

Daily Life & Entertainment

The heart of Nea Smyrni beats in its central Square, which hosts a wide array of cafés, bars, and restaurants, attracting primarily a younger crowd but also families. Surrounding streets, such as Eleftheriou Venizelou Avenue, are home to supermarkets, retail stores, and various services. The area is well-known for its nightlife, while its proximity to both central Athens and the southern coast expands leisure and entertainment options.

Transportation & Accessibility

Nea Smyrni offers a variety of public transport options ensuring easy access to central Athens, Piraeus, and the southern suburbs.

Tram

Connects the area with the city center and coastal areas (Moschato, Palaio Faliro, Alimos, Glyfada).
Nearby stops for the Grove: “Agia Fotini” and “Aigaiou.”

Municipal Transport – Connection to Neos Kosmos Metro

• Upper Line & Lower Line: Nea Smyrni ↔ Neos Kosmos Metro Station

• Local Circular Route within the area

• Around 13 daily routes per line (7 for the circular route)

Buses

• To Central Athens: 106, 130, 218, 219, 816, as well as Lower Line 2

• To Piraeus: 130 (circular), 218, or tram with transfer

Distances

• To Syntagma: ~6.5 km (20–25 min by public transport, ~1 hr on foot)

• To Piraeus: ~7.4 km (25–30 min by public transport, ~1.5 hrs on foot)

Parking

On-street parking is limited, especially near the Square and commercial streets. Demand increases significantly during peak hours, but there are some private parking lots and spaces in side streets offering easier access.

Education & Infrastructure

Nea Smyrni offers a full network of high-quality public and private schools. In total, there are 11 public primary schools, 9 junior high schools (including the Model Gymnasium of the Evangeliki School), and 8 high schools (including the Model Experimental Lyceum of the Evangeliki School). The area also has sports facilities, cultural centers, and easy access to healthcare services.

Real Estate Market

Nea Smyrni shows high demand in the housing market due to its strategic location, vibrant social life, and excellent public transport connections.

Average Property Sale Prices

General average sale price (2025): The average asking price for residential properties in Nea Smyrni in 2025 is approximately €3,306/sq.m. This level reflects the consistently strong demand for real estate in the area, driven by its lively commercial activity, green spaces, and good transport links to central Athens and the southern suburbs.

Newly built apartments (≤5 years): Prices range between €3,600 and €3,800/sq.m., with the highest values found in prime locations such as near the central Square, or in properties with modern amenities and high energy efficiency. Demand for this category remains strong, particularly among families and professionals seeking both comfort and location.

Older apartments (>35 years): Prices for older properties range from about €2,500 to €2,700/sq.m. The lower end corresponds to properties without recent renovations, while the higher end applies to fully renovated homes, especially those close to transport hubs or commercial areas.

Average Sale Prices by Subarea

 

Average Rental Prices by Subarea

As of mid-2025, the rental market in Nea Smyrni shows stable demand, supported by the area’s central location, quality infrastructure, and immediate access to public transportation. The area attracts both families and young professionals seeking proximity to central Athens, vibrant local life, and green spaces. Rental prices vary by sub-area, with Upper Nea Smyrni recording the highest rates due to its quiet environment and high-quality residential setting, while more central locations offer slightly lower yet competitive options.

 

⚠️ Disclaimer

The property sale and rental price information provided in this text is based on secondary data reflecting the current state of the market as of August 2025. Prices represent average asking values per square meter, based on publicly available sources (listings, market trends, averages) and do not reflect actual transaction prices, official government valuations, or binding appraisals. The data is indicative and subject to change depending on location, property condition, and negotiations between private parties. They do not constitute financial advice, investment recommendations, or a substitute for an official appraisal by a certified valuer. Use of the data is at the reader’s own responsibility.