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Alimos is a coastal neighborhood in Southern Athens, perfectly positioned between Palaio Faliro and Glyfada. The area boasts an extensive promenade, a modern yacht marina, popular swimming beaches, and well-known seaside restaurants. Over the past decade, Alimos has emerged as one of the most sought-after districts in the south, offering a high quality of life, spectacular sea views, and rapid access to the Athens city center.

The Population

  • Affluent Demographic: A mix of established local families and foreign investors.
  • Stable Rental Demand: Moderate-to-high rental rates, driven particularly by medium-term tourists and young families.
  • International Presence: A notable community of yacht owners, business professionals, and seasonal travelers.
  • Community Reputation: Known for stability, quality education, and excellent local infrastructure.

Transportation

  • Metro (Line 2 – Red Line): The Elliniko station is located just a short distance away, providing a fast connection to central Athens.
  • Coastal Connectivity: Numerous bus lines run along the major Poseidonos Avenue.
  • Strategic Access: Excellent proximity to main roads, including a direct route to Athens International Airport.
  • Parking: Generally more available compared to the densely populated neighborhoods of the city center.
alimos athens

Key Locations and Main Streets

  • Alimos Marina: One of the largest and most significant yacht marinas in Greece.
  • Organized Beaches: Highly popular swimming spots for both families and tourists.
  • Coastal Promenade: A long, scenic stretch lined with restaurants, bars, and cafes.
  • Green Spaces: Numerous public parks and gardens provide a lush atmosphere by the sea.

 

Real Estate in Alimos

  • Property Prices: Typically ranging from 2,200€–3,200€ per sqm, depending on sea proximity and property condition.
  • Monthly Rentals: Generally 700€–1,200€ for apartments near the coast, with higher demand during the summer months.
  • Market Trends: Increasing demand for modern apartments featuring unobstructed sea views.
  • Investment Strategies: Focused on vacation homes, medium-to-long-term rentals, and strategic short-term (Airbnb) opportunities.

Key Advantages for Investors

  • Prime Seaside Location: Consistent demand for tourism and holiday retreats.

  • Strategic Neighborhoods: Proximity to the commercial hubs of Glyfada and Southern Athens.

  • Asset Appreciation: Properties with sea views maintain high value and offer strong yields.

  • Seasonal Potential: High earning potential through seasonal short-term rentals.

Critical Insights for Investors

  • Premium Entry Points: Prices are higher relative to non-coastal neighborhoods.

  • International Competition: A highly active and competitive market with significant global interest.

  • Environmental Maintenance: Coastal properties require a higher maintenance budget due to sea-air exposure.

  • Seasonality: While high in the summer, rental demand can experience a slight dip during the winter months.

A little about the author of the article

Elazar Kaykov

Partner and Founder

A native of Kibbutz Tel Katzir in northern Israel, he currently lives in Tel Aviv with his wife, a real estate investor, entrepreneur, with 7 years of experience in marketing and sales, a former officer and in the reserves. Elazar brings with him 4 years of experience in real estate, during which he worked at Natam, a company specializing in commercial real estate. Elazar managed the Tel Aviv team at the company.