Greece’s Top 10 Most Expensive Luxury Neighbourhoods

Greece, a nation that effortlessly marries ancient beauty with modern coastal chic, has rapidly become one of the most dynamic luxury real estate markets in Southern Europe.

Beyond the appeal of its islands, specific neighbourhoods and locations have emerged as true "golden properties," commanding price tags that reflect their exclusivity, unparalleled sea views, and world-class amenities.

Drawing on market analysis and reports from international advisory firms like Astons and leading brokerages like Greece Sotheby's International Realty and Spitogatos, Abode2 presents the Greece’s most expensive neighbourhoods for luxury property.

The top tier of Greece's neighbourhoods

The top of the market is dominated by locations where scarcity, prestige, and lifestyle converge, often with property values exceeding the €1 million threshold for a significant percentage of listings.

1. Mykonos (Cyclades)

The Aegean Jewel Mykonos is, by far, the undisputed leader. Its reputation as a global celebrity hotspot and a party playground ensures sky-high demand for its limited, architecturally distinct villas. According to recent market analysis, nearly two-thirds (65.3%) of the available properties on the island are priced above €1 million, solidifying its position as the most expensive luxury market in Greece (Astons, BnBNews). Waterfront villas here can command prices from €5,900 to over €11,000 per square metre (Immigrant Invest).

2. Ekali (Athens North)

The Athenian 'Beverly Hills' Ekali, nestled in the green, northern suburbs of Athens, offers an exclusive, secure, and serene retreat away from the city centre bustle. It is characterised by large, private estates and impressive villas. Astons reports that a significant 61.6% of its properties exceed the €1 million mark, appealing to high-income Greek buyers and expatriates seeking privacy and space (Astons, BnBNews).

3. Vouliagmeni (Athens Riviera)

The Coastal Crown As the unofficial capital of the Athens Riviera, Vouliagmeni is synonymous with seaside luxury. It consistently tops lists for the highest average asking prices for homes, both for buying and renting, with one source citing prices per square metre reaching €7,400 (Immigrant Invest). Its proximity to the sea, yacht marinas, and the newly developed Hellenikon project maintains its elite status (Spitogatos).

The prime investment zones

These neighbourhoods are mainstays of the luxury market, offering a blend of city centrality, island exclusivity, and strong investment potential.

4. Kolonaki – Lykavittos (Athens Centre)

Centrality and Chic This historic, upscale downtown district is favoured for its elegant apartment buildings, designer boutiques, and cultural venues. It is consistently listed among the most expensive areas for both buying and renting in the Attica region, reflecting the enduring appeal of prime central Athens property (Spitogatos).

5. Voula (Athens Riviera)

The Rising Star Located just south of Vouliagmeni, Voula has seen rapid growth and development. With 52.9% of its homes for sale priced over €1 million, it is quickly climbing the ranks of the Athenian luxury scene, appealing to buyers looking for new-build developments and coastal living at a slight discount to its immediate neighbours (Astons, BnBNews).

6. Spetses (Saronic Gulf)

Island of Old Money Known as a favourite retreat for Greek shipping magnates and wealthy families, Spetses exudes old-world charm, exclusivity, and tradition. High percentages of its listings—around 42.2%—fall into the luxury category, featuring historic captain’s houses and elegant seaside villas (Astons, BnBNews).

7. Glyfada (Athens Riviera)

The Riviera Hub The bustling commercial and leisure hub of the Athenian Riviera, Glyfada offers high-end shopping, dining, and vibrant nightlife, complementing its premium residential options. It remains a top choice for affluent buyers, particularly for modern apartments and penthouses (Spitogatos, Immigrant Invest).

8. Paxos (Ionian Islands)

Quiet Ionian Splendour A more tranquil contrast to the Cycladic Islands, Paxos is sought after for its pristine Ionian beauty and privacy. Reports indicate that around 40% of its property listings are priced in the luxury bracket, reflecting the demand for secluded villas and stunning coastal retreats on this cherished island (Astons, BnBNews).

9. Vouliagmeni, Voula, Glyfada, Kolonaki (Attica)

*Note: While the top list focuses on individual neighbourhoods, the general regions of the Athens South (Southern Suburbs) dominate the market. The average asking price for this entire region is cited at €4,000 per square metre (Spitogatos).

10. Corfu (Ionian Islands)

Venetian Elegance Corfu, with its Venetian heritage and lush landscapes, remains a highly desirable destination for international investors, particularly for its grand estates and seafront mansions. It is a consistently high performer in terms of luxury sales volume and buyer interest (Greece Sotheby's International Realty).

The Greek luxury market is clearly thriving, driven by strong international demand, government incentives like the Golden Visa, and a flight to quality assets in politically stable, lifestyle-rich locations. The Athenian Riviera and the premier islands remain the primary investment targets for a discerning global clientele.

Images taken from previous editorials and features.

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