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28/02/2022
Glyfada and the southern suburbs have become one of the most sought-after areas for investment. With their seaside aura, modern amenities and dynamic development, these neighborhoods attract more buyers and renters every year.
If you are thinking of buying, there are multiple and proven benefits that make Athens’ southern suburbs an attractive investment.
1. Location, location, location: the ideal combination of seaside and urban
Glyfada, Elliniko, Voula, Alimos and the surrounding areas offer a perfect balance between urban life and seaside tranquility. They are located along the Athenian Riviera and often offer stunning views of the Aegean Sea, access to beaches and a relaxed atmosphere, without being too far from the center of Athens. They are connected by trams, buses and a well-maintained road network, convenient for professionals who want to commute but prefer to live in a quieter and more picturesque environment.
For non-Greek prospective buyers, or expats, the proximity to the coast combined with access to Athens, is a unique combination that is not easily found elsewhere in Europe. If we also take into account the upcoming development of “The Ellinikon project” and the Hellinikon Park, the largest urban regeneration project in Europe today, which will further transform the area by creating more green spaces, amenities and entertainment options, we see that Glyfada and the southern suburbs have become a “hotspot” for the long-term rise in property values here.
2. State-of-the-art infrastructure and amenities
Glyfada and the surrounding suburbs have undergone substantial and rapid development in recent years, making them among the most modern and well-equipped areas of Attica. Developers, led by Florida Mall, are designing modern residences with a focus on sustainability, energy efficiency and luxury. Top-notch architectural design, high-quality building materials and finishes, security, accessibility, smart home technologies and energy-efficient features make these apartments not only comfortable for daily living but also extremely efficient in terms of maintenance.
The southern suburbs are characterized by excellent amenities. From shopping malls and hip boutiques to fine dining restaurants and luxurious cafes, Glyfada is known for its vibrant social and nightlife scene. The area is also home to many renowned international schools, hospitals and sports facilities, making it ideal for families. Golf enthusiasts will appreciate the timeless presence of the Glyfada Golf Course, while yachting aficionados have direct access to the Glyfada Marina and the top marinas of the Athenian Riviera. These infrastructures dramatically increase the quality of life here.
3. Investment opportunity
Properties in the southern suburbs, especially in Glyfada, have been showing a steady increase in value for years now. Due to the popularity of the area, both among local and international investors, property prices continue and will continue to increase. With the economic recovery after the crisis and the implementation of policy incentives such as the Golden Visa program, it is clear that demand will continue to exceed supply in the area for some time.
Most agree that new build apartments in Glyfada are a true investment opportunity because they are associated with higher rental yields, especially in the summer months when the area experiences a massive influx of tourists. The seaside charm, proximity to Athens and strong touristic developments, especially if we also take into account short-term rentals, such as through Airbnb, have operated here in the south as a steam engine in the rental market but also in the sales of newly built properties.
If you want to make the smartest choice, look to buy your property early, directly from the developer, before turning to real estate agents, thus ensuring speed, efficiency, savings but also the ability to configure the property as you want, in case you move in in time (this is sometimes referred to in Greece as buying an apartment “from the plans”).
4. High-quality lifestyle and recreational opportunities
Glyfada and the surrounding suburbs offer a truly high quality of life. The area is known for its Mediterranean climate and residents enjoy outdoor activities all year round. Long sandy beaches, clear waters and lively beach bars are within walking or driving distance of most apartment complexes, offering endless opportunities for relaxation and water sports.
Glyfada’s vibrant nightlife is one of its “obvious” assets. The area is dotted with great bars, clubs and restaurants for all tastes, from traditional cuisine to haute cuisine experiences. However, if you are thinking of a more family-friendly and quiet lifestyle, the parks, accessible streets and the famous seaside promenade offer a peaceful environment for walks with children, evening walks, cycling or jogging.
Finally, let’s not forget the unique cultural attractions, including museums, art galleries and historical monuments. Indicatively, the Athenian Trireme “OLYMPIAS”, the Battleship “Averof”, the Toy Museum / Benaki, the Ancient Road in Kavouri and many others, while the unique renowned archaeological site of Sounio is not far away. Visitors but especially residents of Glyfada and the Athenian Riviera have direct access to the rich heritage of the area without straying too far from their modern urban comforts.
5. Safety and sense of community
Safety is often a key factor for home buyers and the southern suburbs of Athens are known for their safe, well-maintained neighborhoods. Glyfada, Vouliagmeni, Voula, Alimos and the nearby suburbs are home to many diplomats, international businessmen and high net worth individuals, contributing to a cosmopolitan yet close-knit community. Security measures in the new apartment buildings are state-of-the-art and the overall environment is peaceful, family-friendly & friendly.
The sense of community in these areas is strong, with a mix of Greek and non-Greek residents enjoying the international atmosphere of the area. Regular events, from cultural festivals to folk and local markets, create a truly welcoming environment for any new resident.
6. Adaptability and modern living
Buying a new build property in Glyfada gives you the opportunity to enjoy a new beginning in a space designed primarily with a modern lifestyle in mind. Each of our new buildings in Florida Mall gives you the opportunity to have floor plans tailored to your own needs, as long as you secure it in time. Our newly built apartments are always equipped with cutting-edge technologies, such as smart home systems, energy-efficient heat pumps with underfloor heating and hot water, state-of-the-art designer kitchens & bathrooms, thermally insulated designer frames, fire safety systems, EV chargers and much more. For buyers looking for a combination of luxury, comfort and functionality, Florida Mall offers you newly built apartments in Glyfada, Alimos and the southern suburbs, which meet the highest standards of living.
To sum up, buying a brand new flat in Glyfada or the southern suburbs of Athens is a good investment with multiple expected benefits. The combination of a prime seaside location, modern infrastructure, high standard of living and strong potential for capital appreciation makes the area one of the most attractive in Greece!
Whether you are looking for a permanent residence or an investment property, Glyfada and the surrounding suburbs are an excellent opportunity to enjoy the best that the combination of urban and seaside life has to offer 😊
