Table of Contents

Leave your email and we will get back to you.

Ilion, also known by its former name Nea Liosia, is located in northwest Athens, positioned between Peristeri and Patisia, and close to neighborhoods like Agioi Anargyroi and Nea Filadelfeia. Ilion is considered one of the quietest and greenest areas in this part of the city, defined by a distinct family-oriented and local character. While it is not a primary tourist or central hub, it is attracting growing interest from young families and investors seeking long-term potential at accessible price points.

The Population

  • Strong Local Majority: Home to Greek families who have lived in the district for generations.
  • Growing International Community: Influx of residents from the Balkans, Eastern Europe, and Albania.
  • Young Couples: Attracted by the sane housing prices and community-focused lifestyle.
  • Stable Rental Market: Demand remains consistent, particularly near main arteries or the Antonis Tritsis Park.

Transportation

  • Metro Access: There is currently no Metro station within Ilion; however, there is good bus connectivity to neighboring districts.
  • Prourban Railway: The Ano Liosia station is nearby, providing a link to central Athens and the outer suburbs.
  • Main Arteries: Fylis Avenue and Thivon Avenue allow for convenient car access.
  • Highway Proximity: Quick access to the Attiki Odos and the Athens–Lamia national road.

Key Locations and Main Streets

  • Antonis Tritsis Environmental Park: The largest ecological park in Athens, featuring lakes, walking trails, and educational/sports facilities.
  • Local Commerce: Community-based shops, open-air markets, and essential service centers.
  • Institutional Presence: Well-established community centers, schools, and local organizations that foster a “neighborhood feel.”
  • Employment Proximity: Close to the industrial and commercial hubs of the northern suburbs, such as Acharnes and Aspropyrgos.

Real Estate in Ilion

  • Highly Accessible Prices: Property prices range from €1,000–€1,400 per sqm, depending on the specific zone and condition.

  • Monthly Rentals: Typically €350–€600 for 2-3 room apartments.

  • Property Mix: Ranges from 1970s residential buildings to newer projects on the outskirts.

  • Market Strategy: Minimal tourism demand, but high demand for long-term family residential use.

Key Advantages for Investors

  • Low Entry Point: One of the most affordable neighborhoods in Athens in terms of price per square meter.

  • Future Growth Potential: Likely to benefit from future transport expansions and urban renewal projects.

  • Environmental Appeal: Proximity to Tritsis Park provides a major quality-of-life advantage for residents.

  • Stable Tenant Base: Primarily composed of long-term local families and established residents.

Critical Insights for Investors

  • Distance from Center: Relative distance and limited public transport (lack of Metro) compared to central hubs.

  • Non-Touristic: Not suitable for Airbnb or other short-term rental strategies.

  • Maintenance & Infrastructure: It is essential to conduct thorough building inspections, especially in older internal streets.

  • Local Dynamic: Better suited for conservative investors rather than those seeking a high-traffic commercial or urban vibe.

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.