Elliniko

Elliniko

Area, Quality of Life & Real Estate Market 2025

Location & Historical Background

Elliniko is located in the southern suburbs of Athens and borders Alimos, Argyroupoli, and Glyfada. Historically, the area was best known for the former Athens airport, which operated until 2001. Since then, the site has been transformed into the largest urban development project in Greece and one of the most significant in Europe — “The Ellinikon.” The project includes the creation of an extensive park, skyscrapers, marinas, commercial and cultural facilities, transforming the area into an international destination.

Nature and Green Spaces

The area already features several squares, playgrounds, and the Experience Park, which has opened its doors offering interactive spaces, walking paths, and outdoor activities. The under-construction Metropolitan Park of Elliniko, with over 1,000,000 plants, will provide a vast “green lung,” enhancing the microclimate and quality of life for residents.

Daily Life & Entertainment

Elliniko has a solid local market with cafes, bakeries, supermarkets, and convenience stores, mainly near Vouliagmenis Avenue and the metro station. The Alimos coastal zone, just minutes away, offers numerous bars, restaurants, and beach clubs. The development of the “Athenian Riviera” is bringing luxury facilities, such as the Marina Tower — the tallest skyscraper in the Mediterranean — and new entertainment options expected to reshape the area’s profile.

Transportation & Accessibility

Elliniko enjoys excellent connectivity to central Athens, Piraeus, and the southern suburbs, thanks to a combination of public transport and convenient road access. Its central location along Vouliagmenis Avenue and proximity to Poseidonos coastal avenue make it a strategic transport hub for residents, professionals, and visitors alike.

Metro (Line 2 – Red)

The “Elliniko” station is the southern terminal of Line 2 and serves as a key entry and exit point from the city.

Travel times:

• Athens City Center (Omonia): ~20 minutes direct, no transfers.

• Syntagma: ~23 minutes.

• Larissa Station (Central Railway Station): ~27 minutes with one transfer to Line 3.

The station’s operation has significantly boosted commercial and residential development, with further infrastructure upgrades planned for the future.

Buses & Urban Routes

The area is served by numerous bus lines covering various directions:

• A3: Elliniko – Akadimia (Athens city center) via Vouliagmenis Avenue.

• N962: Elliniko – Piraeus (night route), ideal for off-peak travel.

• 122: Elliniko – Saronida (coastal route).

The network provides connections to neighboring municipalities (Alimos, Glyfada, Argyroupoli) as well as access to beaches, shopping centers, and hospitals.

Tram

Although the tram does not pass directly through Elliniko, the nearest stops are in Glyfada and Alimos, offering access to the entire southern coastal route up to Syntagma. Future extension plans may bring the tram closer to Elliniko’s new waterfront.

Road Access

• Vouliagmenis Avenue: Main artery connecting Elliniko to Syntagma (20–25 minutes off-peak) and to Mesogeia via Attiki Odos.

• Poseidonos Avenue: Quick access to coastal areas (Glyfada, Voula, Vouliagmeni, Sounio).

Elliniko’s location makes it ideal for those traveling frequently between the coast and the city center.

Access to Airport & Port

• Athens International Airport (El. Venizelos): ~35–40 minutes by car or ~50 minutes by metro (with transfer to Line 3).

• Port of Piraeus: ~20–25 minutes by car or ~35 minutes via metro (Lines 2 & 1).

Future Infrastructure Prospects

The progress of the Ellinikon project is expected to bring:

• Dedicated bus and shuttle routes linking the metro station to the waterfront and new points of interest.

• Road junction upgrades and creation of new pedestrianized corridors, easing traffic and reducing car dependency.

• Expansion of micromobility infrastructure (bike lanes, electric scooters).

Parking

Elliniko offers relatively easy parking compared to other areas of Athens:

• Residential side streets generally have free parking.

• Commercial areas (e.g., Vouliagmenis Ave) feature private parking lots and spaces near supermarkets.

• Around the metro station, demand rises in the morning due to park & ride use.

Education & Facilities

The area offers a full range of public schools, from kindergartens to high schools. Development plans include the establishment of high-level private schools (such as Costeas-Geitonas Schools and Athens College) within the former airport premises. In addition, proximity to major private clinics and shopping centers enhances daily convenience.

Real Estate Market

The housing market in Elliniko is among the most dynamic in Greece. Strong investment activity, combined with major infrastructure works, drives high prices and strong demand for both sales and rentals.

Average Property Sale Prices

Average Residential Sales Price (mid-2025): ~ €5,288/sq.m., placing it among the most expensive areas in southern Attica. Strong residential development, the landmark “Athenian Riviera” project, and high demand from both domestic and international buyers create a highly competitive environment.

Newly Built Apartments (≤5 years): Prices often exceed €6,000/sq.m., particularly for properties with unobstructed sea views, direct coastal access, or within the under-development Elliniko complex. Modern architecture, energy efficiency, and premium amenities (e.g., private security, shared facilities, parking) boost their market value.

Older Apartments (>35 years): Usually range from €4,000–€4,500/sq.m., with significant variation depending on exact location, proximity to transport, and renovation level. Fully renovated units in prime spots can approach or surpass the area’s average, especially if they offer views or proximity to the Elliniko project.

Average Prices by Subarea

 

Average Rental Prices by Subarea

By mid-2025, Elliniko’s rental market is on an upward trajectory, directly influenced by the development of the “Athenian Riviera” and the area’s growing appeal for both permanent residence and short-term rentals. Demand remains strong from families seeking modern infrastructure and green spaces, as well as professionals looking for direct coastal and metro access. Prices vary significantly by subarea, with top rates for properties near the waterfront or within the new residential complex, while apartments in more inland neighborhoods still offer more affordable options.

 

 

⚠️ Disclaimer

The real estate sale and rental prices in this document are based on secondary data from the current market conditions as of August 2025. Prices reflect average asking values per square meter, based on publicly available sources (listings, market trends, averages) and do not represent actual contracts, official state valuations, or binding appraisals. Data is indicative and subject to change depending on location, property condition, and private negotiations. They do not constitute financial advice, investment recommendation, or substitute an official appraisal by a certified valuer. Use is at the reader’s discretion.