The Athens Riviera: a place to live and invest in
The Athens Riviera comprises the southern suburbs of Athens, occupying the Saronic Gulf coast from Piraeus to Cape Sounion. It includes Palaio Faliro, Glyfada, Voula, Vouliagmeni and Varkiza. With their beaches, marinas, luxurious hotels, restaurants, boutiques and nightclubs these areas are equally popular with tourists and residents of the capital.
Investment prospects
According to Greek web portal Ekathimerini,
Property is several times cheaper on the Athens Riviera than
• The conversion of Hellinikon, the former Athens airport into an enormous park. An international consortium comprising Chinese conglomerate Fosun Group,
• Grivalia
• The opening of the Four Seasons resort, which would take over the Astir Palace Hotel located in Vouliagmeni. Over €100 million has been invested
• The conclusion of a €150 million agreement between local authorities and the Aktor development company to renovate Palaio Faliro. The works include the renovation of Poseidonos and Syngrou avenues, the installation of a wastewater treatment system on the Cephissus River, the modernisation of its flood control system and landscape gardening.
Places to live in
The Athens Riviera is also a good place to live comfortable and enjoy life. This part of Athens is favoured by those who value prestige and comfort.
Palaio Faliro
Palaio Faliro, a coastal district,
Glyfada
Glyfada, the largest
Voula
Voula is located 3 km to the south of Glyfada. The suburb is known for its beaches: Voula A boasts a Blue Flag, which is only awarded to environmentally friendly beaches that comply with stringent safety and water quality standards, and Voula B is accessible for people with disabilities.
Vouliagmeni
Vouliagmeni, a suburb full of greenery with luxurious villas and
Varkiza
Varkiza is the perfect beach holiday destination. The local beaches have been awarded Blue Flags for their quality, and the watersports aficionados will find everything they need here (windsurfers will be particularly pleased).
Suburb | One-bedroom flat, €/m² | One-bedroom flat, €/m² |
---|---|---|
Palaio Faliro | 1,000–2,000 | 1,400 (1 offer) |
Glyfada | 2,000–3,000 | 2,500–4,500 |
Voula | 2,000–3,000 | 2,000–4,000 |
Vouliagmeni | 2,500–3,500 | 4,500–7,500 |
Varkiza | 1,000–2,000 | 2,500–4,500 |
*Most offers fall within the price ranges specified.
Originally published on Escapeartist.com
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