OR Athens re -established through the buildings that shaped it and what transforms it.
From the villas of Kifissia to Piraeus factories and the center buildings of the center, investors and architects highlight the old shells, combining historical identity with the needs of modern life. At the same time, new apartment buildings and buildings are made with specifications that are even different from the recent past. It is the most interesting transformation that Athens has known for decades, changing its “face”, but maintaining its image.
Some examples of new trends have been presented in recent weeks by their creators. A typical example is the The Heritage of Hellenic Properties in Strofili Kifissia, a former summer royal residence transformed into a collection of seven modern mansions, from 168 to 334 sq.m. With the architectural editing of Dimitris Agiostratitis, the project took advantage of the existing structural framework to create A+energy category residences, with underfloor heating, heat pumps and Smart Home technology. The combination of historical character and contemporary functionality has brought to the project a distinction at the European Property Awards as the best residential Renovation-Redevelopment in Greece.
In Piraeus, the Canadian Mercan Group, who believes in the prospects of the Greek market, transforms the Historical building of Keranis In a mixed complex with 408 fully furnished homes, dining areas and wellness infrastructure. Keranis Residences, with a total area of ​​29,900 sq.m. And six floors, will have a rooftop garden overlooking the city and will be completed in late 2027. According to Group Presidents Jerry Morgan and Mercan Greece Theodoros Koutsoukis, the investment will create hundreds of jobs and will substantially upgrade the urban web of Piraeus, enhancing the local economy.
Similar philosophy is the Ardittos House by Noval Property, a subsidiary of Viohalco, in Metz. The 1981 building was fully rebuilt and converted into a modern 4,300 sqm housing complex, with LEED certification and high energy efficiency. It maintains the classic character of the Athenian apartment building, while incorporating modern elements and art: Venia Dimitrakopoulou’s “The Secret of the Sacred River” is dominated by the entrance, which captures the conversation between the city and the art.
At the same time, the URBAND OF THE RUNNING shows how quality and innovation can renew a neighborhood from the inside. In the heart of Kypseli, the project re -establishes the area through the old dialogue with the new one, highlighting how the bourgeoisie can start from a single building block. UrBand’s seven houses are characterized by A+energy class, natural materials, durability and high aesthetics, while the company offers 20 years of free green electricity, as well as the innovative “10-10-10-10” member that connects quality, guarantee and management services. It is an example of sustainable habitation that combines technology, environment and community.
From Kifissia to Kypseli, these interventions make up the new image of Athens. The city regains its character through the rebuilding and new constructions that respect its environment and history, while paving the way for a mature and sustainable housing market.
Prices, demand and social shifts in mature market
Behind this creative regeneration, the Athens housing market shows signs of ripening. Prices are still upward, but at a milder pace, showing that we are approaching the higher levels of the current cycle.
According to the latest survey of Geoaxis for the third quarter of 2025, recorded Significant increase in possible apartment selling prices in all areas of study (Ampelokipi, Marousi, Paleo Faliro, Peristeri and Holargos). For The newly built, the increase is 6.07% compared to one year before and 15.11% compared to two years agowhile for Olds reach 6.65% and 14.97% respectively. Over a decade, the average increase in the value of each apartment exceeds 94%, touching the doubling of the price.
The rise is due to many and interconnected factors: limited stock, high demand from domestic and foreign investors, country stability, Golden Visa and attractive price of Greek real estate compared to other markets. Tourism and short -term leases have absorbed a significant part of the available stock, exacerbating prices.
The social dimension is equally typical: the proportion of ownership decreased to 69.6% in 2023 (from 72.8%), while only 11% of the owners are 25-34 years. The gap between salaries and housing values ​​has been opened: according to Eurostat, the average annual wage growth rate was 2.9%, when property prices increased by 10% per year in the study areas. The younger generation turns to rent, with the market gradually becoming more investment than ownership.
The hybrid work model also changes the data: workers are looking for larger spaces with natural light and high energy efficiency, while suburbs with green and good accessibility are enhanced. Demand for upgraded, sustainable homes reflects a new mentality, where energy efficiency and technological infrastructure are essential elements.
The Athenian housing market is changing form, not only in prices, but mainly in its philosophy. Reconstruction of historic buildings, sustainable apartment buildings and new design standards show that the city can be renewed without losing its identity. Athens in 2025 is a city that respects its past, invests in the present and plans its future through its architecture.