For years, the luxury housing market in Athens’ northern suburbs has served as a benchmark for investors and high-end buyers. With steady demand, limited supply, and impressive crisis resilience, it continues to shape a unique dynamic that stands out from the rest of Attica. The premium housing market in the northern suburbs (Kifisia, Politeia, Psychiko, Filothei, Ekali, Drosia, Strofyli) continues to distinguish itself in 2025, as demand remains strong even during periods of uncertainty, reports Korina Saia, managing director of Premier Realty Greece. Over the past six years, prices for premium homes in the northern suburbs have increased by approximately 45-55%, compared to about 40% in the rest of Attica. Even during the pandemic, premium areas maintained annual growth rates of 4-5%, showing resilience that few markets had.
The rise was impressive across all major suburbs, with central Kifisia recording the greatest momentum. As data shows, the price increase for premium homes in the northern suburbs during 2019-2025 has been remarkable, with central Kifisia recording the largest increase (+50%). This is followed by old Psychiko – Filothei with +45%, Strofyli with +42%, Politeia – Ekali with +40%, and Drosia with +38%. Overall, these areas show strong momentum, reflecting the increasing demand for high-end properties in Athens’ northern suburbs.
Housing market in northern suburbs: The hot spots
Central Kifisia: Concentrates the highest demand for luxury apartments and maisonettes, with prices exceeding €6,000/sq.m. Supply is limited, especially for modern constructions, which intensifies competition and maintains high values.
Old Psychiko – Filothei: Historically the safest investments in the Athens market, with prices above €6,000/sq.m. They are characterized by steady demand, low availability, and minimal volatility even during crisis periods.
Politeia – Ekali: With prices of €2,800-3,800/sq.m., they remain a destination for families. There’s a shift toward more functional properties with smaller surfaces and better energy efficiency, but demand for homes with gardens and pools remains strong.
Drosia: Emerging as a more affordable premium option, with prices around €2,500-3,000/sq.m. It benefits from good transport connections and attracts families seeking larger spaces within a reasonable budget.
Strofyli: A neighborhood gaining interest as an alternative to Kifisia. With prices of €3,200-3,600/sq.m., it offers the same neighborhood experience at lower cost and attractive proximity to schools and commercial areas.
As Ms. Saia emphasizes: in the northern suburbs, gross yields range from 3-4% for quality properties, with prospects for increase in energy-efficient and recently renovated homes. Those considering purchases in these areas should move early, as the best properties are absorbed quickly and rarely reappear on the market.
The northern suburbs confirm they remain one of the safest and most profitable choices in the real estate market. With high quality of life, strong demand, and stable values, they continue to be the center of premium investments in Attica.
