Ellinikon is rapidly emerging as one of the most significant urban regeneration projects in Europe, redefining the southern coastline of Athens and reshaping the future of real estate in the region. Once home to the former international airport of Athens, the area is being transformed into a fully integrated metropolitan destination, combining residential living, business activity, leisure, and green infrastructure.
As development progresses, Ellinikon has become one of the most closely watched real estate markets in Greece, attracting both international and domestic investors seeking long-term value, strategic positioning, and exposure to one of the largest urban redevelopment projects in the Mediterranean.
The Residential Market in Ellinikon
The real estate market in Ellinikon is characterized by strong momentum and increasing demand. As the master plan moves forward, the area is evolving into a self-contained urban district with residential, commercial, and recreational components.
Residential options include:
• Newly built apartments within master-planned communities
• High-end residences with views toward the sea or park areas
• Low-density developments with private amenities
• Mixed-use and branded residential projects
The market benefits from limited supply in the early phases of development, which has contributed to a steady upward trend in property values.
Property prices currently range approximately between €2,900 and €5,500 per square metre, depending on location, proximity to the main development zones, construction quality, and access to amenities.
A New Urban Ecosystem
Ellinikon is designed as a comprehensive urban environment rather than a conventional residential area. The master plan includes:
• One of the largest urban parks in Europe
• A new coastal promenade and marina
• Cultural, commercial, and leisure facilities
• Hotels, offices, and mixed-use developments
• Integrated transport infrastructure, including metro, tram, and road connections
This level of urban planning positions Ellinikon as a long-term destination rather than a short-term real estate opportunity.
Who Is Investing in Ellinikon
The scale and vision of the project attract a wide range of investors:
• International investors and developers seeking exposure to a landmark European regeneration project
• High-net-worth individuals acquiring residences within premium, master-planned communities
• Professionals and entrepreneurs investing in residential and commercial assets
• Early-stage investors aiming to secure value ahead of full project completion
The diversity of investor profiles reflects confidence in the project’s long-term fundamentals.
Lifestyle and Infrastructure
Ellinikon is being designed as a complete urban ecosystem with a strong emphasis on quality of life. Residents will benefit from:
• Extensive green spaces and recreational zones
• Direct access to the coastline and marina
• Cultural venues, retail areas, and hospitality facilities
• Educational, medical, and wellness infrastructure
• Efficient connectivity to central Athens and the wider metropolitan area
This integrated approach supports long-term livability and sustained demand.
Investment Outlook
Ellinikon represents a long-term strategic investment rather than a short-term speculative opportunity. The combination of scale, planning discipline, international visibility, and infrastructure investment creates a strong foundation for sustained value growth.
As development phases progress, the area is expected to mature into one of the most important residential and business hubs in Southern Europe, reinforcing its appeal to global investors.
Conclusion
Ellinikon stands at the center of Athens’ urban transformation. With its scale, vision, and strategic importance, it represents one of the most compelling real estate stories in the Mediterranean today. For buyers and investors seeking long-term value, stability, and exposure to a world-class urban development, Ellinikon offers a unique and forward-looking opportunity.