In recent months, the real estate sector in Greece has seen a series of successive multi-million-euro investments, resulting in the opening of new residential and tourist developments stretching from the northern suburbs to Sounio and along the Athenian Riviera.

Reports, surveys, and public statements from industry executives indicate that the focus of supply and demand lies predominantly in modern luxury homes, attracting significant interest from foreign investors. However, the market is not exclusively catering to high-income groups, as construction projects targeting middle-income brackets are also underway, according to sector companies.

In Elliniko, which hosts Greece’s largest ongoing urban redevelopment project known as Little Athens, over 1,100 apartments and houses are being constructed, with the initial 500 units already sold. Furthermore, the construction of seven new residential buildings along the beachfront, alongside a skyscraper project already underway, is set to reshape the area’s skyline by the end of the summer. The skyscraper is projected to reach a height of 100 meters by year’s end, with the number of waterfront residential buildings reaching 15.

New residential and tourist developments are also on the horizon, stretching from Maroussi to Voula. Notably, the construction of Apollo Hills, a 200-million-euro investment in Voula, has been announced by Henderson Park and Hines in partnership with Greece Sotheby’s International Realty. Pre-bookings for the luxury residential complex have already begun, with sales expected to surge upon the official launch.

Another significant development is Project VORIA, a 250-million-euro investment aimed at creating a modern multi-purpose complex in the northern suburbs of Athens, poised to attract both business and tourist activity to the area.

Investors driving these projects primarily hail from abroad, including European countries such as Germany, Switzerland and England, as well as from America and Australia.