Palaio Faliro

Palaio Faliro

Αrea, Overview, Quality of Life & Real Estate Market 2025

Location & Historical Background

Palaio Faliro is located southwest of Athens and is one of the most popular seaside municipalities of the southern suburbs. It borders Kallithea, Nea Smyrni, Alimos, and Agios Dimitrios, while its coastline stretches along Poseidonos Avenue. The area combines proximity to the center of Athens with the feel of a seaside suburb, making it particularly attractive for permanent residence.

Nature and Green Spaces

The city offers extensive green and recreational areas, the most notable being Flisvos Marina, ideal for seaside walks, cycling, and family activities. The area also features neighborhood parks, playgrounds, and Edem Beach, which attracts swimmers and walkers throughout the year.

Daily Life & Leisure

The commercial area of Palaio Faliro extends from Agiou Alexandrou Street to Amfitheas Avenue, hosting pharmacies, bakeries, clothing stores, cafés, and restaurants that are especially busy on weekends. The district offers a variety of entertainment options — from bars on Agiou Alexandrou Street to cultural and sports activities at the Palaio Faliro Cultural and Sports Center, which includes a swimming pool, track, and sports courts.

Transport & Accessibility

Although it does not have a metro station, Palaio Faliro is served by the modern Athens Tram network and numerous bus lines, providing quick access both to central Athens and to Piraeus.

Tram:

• Line 6: Syntagma – Coastal Route (Pikrodafni)

• Line 7: Piraeus – Voula, passing through Palaio Faliro

Main tram stops: Flisvos, Flisvos Park, Batis, Edem, Delta Falirou.

Buses:

• 126: Palaio Faliro – Syngrou-Fix Station

• 217, 229: Piraeus – Ag. Dimitrios – Dafni Station

• 550: Palaio Faliro – Kifisia

• 860: Palaio Faliro – General State Hospital of Nikaia

• X96: Express Piraeus – Athens International Airport (Eleftherios Venizelos)

Parking

Finding parking is often a challenge, especially on main streets and in coastal areas. In residential neighborhoods, the situation is generally better, though high weekend visitor traffic can make car access more difficult.

Education & Infrastructure

Palaio Faliro has a comprehensive network of public and private schools of all levels, nurseries, and special educational institutions.

Indicative examples:

• Primary schools: 1st, 2nd, 11th (“Eleni Glykatzi-Ahrweiler”), Intercultural Education, Agathoergia (Armenian).

• High Schools / Lyceums: 1st, 2nd, 3rd General Lyceum of Palaio Faliro, Vocational Lyceum (EPAL).

• Private schools: Lampiri Schools, Lillipoupoli, Xenopoulos School, Chourdakis Schools.

• Special institutions: Eugenides Foundation with planetarium, library, and museum space.

Real Estate Market

The real estate market in the area is characterized by high demand, mainly due to its seaside location, easy accessibility, and quality of life. Prices are among the highest in the southern suburbs, with significant increases in recent years.

Average Property Sale Prices

General average sale price: As of mid-2025, the average sale price of residential properties in Palaio Faliro is approximately €3,888/sq.m., placing it among the most expensive zones of the southern suburbs. This high valuation reflects the combination of its seaside location, developed infrastructure, and strong demand for both owner-occupation and investment purposes.

Newly built apartments (up to 5 years old): Approximately €4,150/sq.m., due to modern architectural standards, high energy efficiency (often class A or A+), private parking spaces, storage rooms, and prime locations close to the seafront or tram stops.

Older apartments (over 35 years old): Approximately €3,200/sq.m., still attracting buyers thanks to often larger interiors, higher ceilings, and established, fully serviced neighborhoods. Thoroughly renovated units can see prices approaching or even exceeding those of new builds.

Average Sale Prices by Subarea

 

Average Rental Prices by Subarea

As of mid-2025, the rental market in Palaio Faliro remains very active, driven by demand for permanent residences and by professionals seeking apartments near the coastal zone. Rental prices vary significantly by sub-area, with the seafront and areas around Flisvos maintaining the highest values due to views, seaside access, and upgraded infrastructure.

 

⚠️ Disclaimer

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