Athens Riviera real estate: How much prices have risen in Lagonissi, Saronida and Anavyssos
Property prices in Saronida, Anavyssos, and Lagonissi have nearly doubled over the past decade – how these three seaside areas have transformed from summer retreats for Athenians into permanent residences and targets for foreign investors.
- 23/09/2025, 10:03
Three main factors have shifted in the last ten years in Saronida, Anavyssos, and Lagonissi, driving up property prices, particularly for holiday homes. These areas had long served as summer refuges for Athenians, but as a recent NouPou article highlighted, they are now aimed at the “few,” with most buying interest coming from abroad.
Konstantinos Alexiou, owner of Aspis Real Estate offices in Glyfada, Ampelokipoi, Lavrio, and soon in Elliniko, told NouPou that one of the reasons behind today’s property market in these areas is the conversion of many holiday homes into permanent residences. “This happened because remote working, during the pandemic, allowed many people to move to their summer homes while continuing to work from a distance. As a result, these areas developed into places of permanent rather than seasonal residence, which pushed prices upwards. A second factor influencing prices is that foreign buyers want homes close to the sea. At the same time, they are also seeking good value. For them, the more affordable substitute for the Athens Riviera—from Palaio Faliro to Varkiza—are areas such as Saronida, Anavyssos, and Lagonissi. For example, with €600,000 one can currently buy a 100-square-meter apartment in Ano Glyfada, while with the same amount one could purchase a detached house in these areas, and near the sea at that.” The third factor that played a decisive role, according to Alexiou, is the Golden Visa. “Given last year’s increase in the minimum investment threshold to €800,000, with the amount it now takes to buy an apartment in the Southern Suburbs of Athens—in Glyfada, Voula, or Vouliagmeni—one can instead buy a luxury detached house in Saronida, Anavyssos, or Lagonissi.”
How much prices have risen in Lagonissi, Saronida, and Anavyssos over the past ten years
According to data from Aspis Real Estate, the average purchase price of a holiday home in Lagonissi in 2015 was €1,500 per square meter. Today, the average purchase price in Lagonissi stands at €2,700 per square meter. This represents an 80% increase. “Lagonissi was the first area to be affected, showing a rise in property prices, as it is closer both to the Southern Suburbs of Athens and Athens International Airport,” Alexiou explains.
In Saronida, the average price per square meter for a holiday home a decade ago was around €1,800–2,000. Today, prices in the same area range from €3,500 to €4,000 per square meter. This practically means that the average increase compared to 2015 exceeds 95%. “Saronida has always been more expensive than neighboring areas because it traditionally attracted holiday homes owned by residents of both the Southern and Northern Suburbs of Athens,” notes the head of Aspis Real Estate.
As for Anavyssos, the price per square meter in 2015 was €1,000, while today it reaches as high as €2,000 per square meter, recording a percentage increase of nearly 100% for newly built properties.
Table: price increases in the decade 2015–2025
| Area | Price in 2015 (€/sq.m.) | Price in 2025 (€/sq.m.) | Percentage increase |
|---|---|---|---|
| Lagonissi | 1,500 | 2,700 | 80% |
| Saronida | 1,800–2,000 | 3,500–4,000 | 95%+ |
| Anavyssos | 1,000 | 2,000 | 100% |
“The increase is approaching 100% in the areas analyzed. Properties there used to be quite affordable, leaving more room for prices to rise. Another key point is that investors don’t buy properties just anywhere. The main factor they consider is profit potential. For example, in the planned area of ‘Olympic Village,’ located between Lagonissi and Kalyvia, one can buy a 450-square-meter plot with a 0.6 building factor for €150,000. This shows that an investor buying there could see their asset value increase by as much as 100% in the coming years, given that land is still cheap and has room for appreciation. If, however, someone bought a similar plot for €600,000–700,000 in Glyfada (where available plots are virtually non-existent), the price could not rise significantly enough to provide a strong return and profit margin for the investor,” Alexiou adds.
Prices in Lavrio and Keratea
Alexiou further notes that these areas are now flooded with foreign buyers—French, Dutch, and Ukrainians among them. “What we see from our office’s data and demand is a growing trend from foreigners. Demand for these areas is actually higher than for the Southern Suburbs of Athens. For instance, a newly built property in Lavrio, 100 square meters in size, with sea view, parking, and storage, costs €2,500 per square meter. At the same time, Greeks are still buying too—selling a property in, say, Kypseli or Argyroupoli, and acquiring a new one in these areas. The most expensive of these markets is Saronida, followed by Lagonissi, then Anavyssos, Lavrio, and Keratea. In the case of Keratea, the average price for a newly built home is €2,000 per square meter, while older properties range between €1,000 and €1,200 per square meter.”