Athens is transforming its coastal landscape with the launch of Aenaon Metropolitan Park, a €450 million urban renewal project set to redefine the Athenian Riviera. Designed to attract millions of visitors annually, this project is expected to boost tourism, increase property values, and enhance the city’s international appeal.
Aenaon Metropolitan Park: The Future of Athens Waterfront
Spanning 570 acres in the Faliro area, Aenaon Metropolitan Park integrates recreation, culture, and sustainability, making it one of Europe’s most ambitious urban parks.
Key Features of the Park
- 🌿 Green Oasis: Over 4,000 trees and 185,000 shrubs to enhance sustainability.
- 🏊 Recreation & Sports: Swimming pools, tennis courts, football fields, and beach volleyball areas.
- 🎭 Cultural Attractions: Open-air cinemas and revamped Olympic venues.
- 🚶 Easy Access & Mobility: Walkways, bike paths, and scenic coastal trails.
This development, backed by the Greek government and the European Union, aims to position Athens as a leading coastal metropolis.
How Aenaon Metropolitan Park Will Impact Real Estate?
The Athenian Riviera is already a sought-after real estate hotspot, and this major development is expected to further increase property demand.
Current Property Prices on the Athenian Riviera
| Location | Price per sqm (€) |
|---|---|
| Athenian Riviera | €6,500 – €13,000 |
| French Riviera | €30,000 – €60,000 |
| Spanish Riviera | €15,000 – €45,000 |
- 🏡 New luxury apartments: €6,500 – €7,500 per sqm
- 🌊 Waterfront properties: Up to €13,000 per sqm
📌 Compared to the French and Spanish Rivieras, the Athenian Riviera presents an affordable investment opportunity while still offering Mediterranean luxury.
The Ellinikon Project: Athens Coastal Megaproject
Alongside Aenaon Metropolitan Park, The Ellinikon Project is a €8 billion luxury development on the former Ellinikon International Airport site, featuring:
✔️ 5-Star Resorts – Including Mandarin Oriental Athens.
✔️ Exclusive Residences – High-end apartments and private villas.
✔️ Entertainment & Shopping – Hard Rock Hotel & Casino, shopping malls, fine dining.
✔️ Yachting Marina – Designed for international luxury travelers.
🚀 These two massive developments will turn the Athenian Riviera into one of Europe’s most sought-after real estate markets.
Why Now Is the Best Time to Invest in Athens?
- ✈️ Tourism Boom: New attractions will increase demand for properties and rentals.
- 💰 Affordable Luxury: Prices remain competitive compared to other European hotspots.
- 🔥 Market Growth Potential: Government-backed investments are driving property values upward.
Final Thoughts: Athens Real Estate Market Is Thriving
With Aenaon Metropolitan Park and The Ellinikon Project, the Athenian Riviera is becoming one of the most desirable coastal areas in Europe. Whether you’re a real estate investor, expat, or luxury home buyer, Athens offers unmatched value and long-term potential.
📢 Thinking of investing in Athens? Check out the latest property listings and expert insights to make the best move in this booming market!
