With its Mediterranean charm, upscale lifestyle, and strong investment potential, Glyfada has become one of Athens’ most sought-after real estate markets for international buyers. Located along the Athens Riviera, this coastal suburb offers a unique blend of urban sophistication and beachfront relaxation, making it ideal for investors, expats, and retirees.
In this guide, we’ll explore:
✔ Who’s buying in Glyfada in 2024? (Key nationalities & trends)
✔ Current property prices & market trends
✔ Expected ROI for apartments, studios, and villas
✔ Why now is the best time to invest
Who’s Buying Property in Glyfada in 2024?
Glyfada attracts a diverse mix of international buyers, with demand driven by Greece’s Golden Visa program, high rental yields, and lifestyle appeal. According to recent data:
- Americans (30%) – The largest group, seeking residency, vacation homes, and Airbnb investments 512.
- British (20%) – Drawn by Brexit alternatives, tax benefits, and strong rental demand 5.
- Germans (15%) – Prefer long-term rentals and retirement properties 9.
- Middle Eastern (12%) – Focus on luxury villas and seafront properties 4.
- Chinese (10%) – Invest mainly for Golden Visa opportunities 11.
This international interest has pushed property prices up by 8% annually, with prime coastal areas seeing 10-12% growth 16.
Glyfada Property Prices in 2024
Glyfada’s real estate market is divided into three key zones, each with different price ranges:
| Area | Price per m² (€) | Property Types |
|---|---|---|
| Coastal Glyfada | €6,000 – €10,000 | Luxury villas, penthouses, beachfront apartments |
| Glyfada Center | €4,000 – €6,500 | Modern apartments, maisonettes |
| Upper Glyfada | €3,000 – €4,500 | Studios, older apartments, family homes |
Average property costs:
- Studio (40-50 m²): €150,000 – €250,000
- 2-bed apartment (80-100 m²): €350,000 – €600,000
- Luxury villa (200+ m²): €1M – €3M+ 18.
Expected ROI for Different Property Types
1. Studios (Short-Term Rentals – Best for Airbnb)
- Purchase Price: €150K – €250K
- Rental Income (Summer): €80 – €150/night
- Annual Yield: 6-8% (Peak season occupancy: 85%) 18.
2. Apartments (Long-Term Rentals – Stable Income)
- Purchase Price: €350K – €600K
- Monthly Rent: €1,200 – €2,500
- Annual Yield: 4-5% (Low vacancy rates due to expat demand) 111.
3. Villas (Luxury & Capital Appreciation)
- Purchase Price: €1M – €3M+
- Rental Income (Premium): €5,000 – €15,000/month (high-end tenants)
- Annual Yield: 3.5-5% + 10-15% price appreciation (due to Hellinikon project) 812.
Why Invest in Glyfada Now?
✅ Golden Visa Eligibility – €250K+ investment grants EU residency 411.
✅ Metro Expansion (2027) – Boosts connectivity & property values 1.
✅ Hellinikon Project – Europe’s largest urban regeneration, expected to increase prices by 10-15% 812.
✅ Strong Tourism Demand – Short-term rentals thrive in summer 9.
✅ Tax Benefits – 7% flat tax for retirees, low property transfer taxes 511.
Call to Action: Secure Your Glyfada Property Today!
Glyfada is one of the fastest-growing real estate markets in Greece, offering high returns, lifestyle perks, and long-term appreciation. Whether you’re looking for a luxury villa, a rental apartment, or a Golden Visa investment, now is the time to act before prices rise further.
Contact us today for a free property consultation and discover the best deals in Glyfada!