Apartment in Neo Psychiko for sale

Psychiko is a town and a suburb in the Athens agglomeration, Greece. Since the 2011 local government reform, it is part of the municipality Filothei-Psychiko, of which it is the seat and a municipal unit. The municipality has an area of 2.776 km2

Psychiko is located 5 km northeast of Athens city center. It is a strictly residential suburb of Athens, with commercial businesses allowed only within two small designated zones, the "Nea Agora" (New Market) and the "Palaia Agora" (Old Market), with current regulations also restricting buildings to full detachment, and a maximum of 3 floors.

Psychiko was historically the home of aristocrats, members of the Greek royal family, and generally old-money people.

The area remains one of the wealthiest suburbs of Athens, with very high land value, and several embassies, particularly of rich Middle Eastern countries, to be found located in Psychiko, and neighboring Filothei.

This was once home to Queen Frederica of the Hellenes, until the military coup détat of 1967. Andreas Papandreou and his wife Margaret also lived in Psychiko before the dictatorship.

In recent decades, however, many prominent families choose to build their houses in the southern, seaside suburbs, like Glyfada or Vouliagmeni.

Some private schools are located in Psychiko: Athens College and Psychiko College, Moraitis School, the Arsakeio, and the Varvakeio.

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