Attica luxury real estate: purchasing power of 1 million euros

In the Attica real estate market, a budget of 1 million euros serves as a key psychological threshold for high-end property seekers. According to Korina Saia, CEO of Premier Realty, the luxury market operates at two distinct speeds depending on the age of the construction and the geographic zone.

For new constructions (built from 2020 onwards), the budget typically secures smaller, high-energy-class properties. In the Northern Suburbs, such as Kifisia, Politeia, and Kefalari, this capital is directed toward apartments or maisonettes ranging from approximately 111 to 167 square meters. In areas like Filothei and Palaio Psychiko, land scarcity and low building coefficients limit new apartments to roughly 100 square meters.

In contrast, the Athens Riviera offers more construction activity and a wider variety of options. In Anavoula, 1 million euros can purchase apartments between 120 and 172 square meters or maisonettes ranging from 114 to 206 square meters. Generally, the market presents a choice between modern technology with limited space or older constructions that offer significantly more usable surface area.