Alimos

Buying property in Alimos: the closest Athens Riviera district to central Athens

Alimos is the northernmost district of the Athens Riviera, occupying a coastal strip just 12 kilometers south of Syntagma Square. For property buyers, Alimos offers the best of two worlds — Athens Riviera coastal living with direct tram access to central Athens, plus Mediterranean property prices that sit 30 to 50 percent below the high-end Riviera benchmark in Vouliagmeni. The presence of the Alimos Marina, one of the largest marinas in the eastern Mediterranean with over 1,000 berths, adds a steady marine-economy dimension that keeps the local economy active year-round.

Alimos is the Riviera district most often chosen by buyers who want coastal living but commute daily to central Athens jobs. It is also one of the strongest gross-yield districts on the Riviera, supported by year-round tenant demand from the marina, the nearby Olympic complex, and Athens-commuting professionals.

Where Alimos sits on the Athens coast

Alimos is positioned along the southern Athens coastline between Palaio Faliro to the north and Glyfada to the south. Its eastern boundary borders Argyroupoli and Helliniko (the Ellinikon project area). The municipality's coastline runs approximately 4 kilometers along Poseidonos Avenue, the coastal highway that connects all Athens Riviera districts.

The Alimos Marina, formally Olympic Marine, anchors the southern half of the district. The Trocadero beach area is a popular organized swim and sunbathing zone. The central commercial and residential districts (Ano Kalamaki and Alimos central) sit inland from the coast and house most of the residential apartment inventory.

Property prices in Alimos in 2026

Alimos apartments trade between €2,200 and €5,500 per square meter in 2026. The price spectrum reflects two main factors: distance from the coast and building age. Sea-view and beachfront apartments along Poseidonos Avenue command the upper end of the range, while older inland buildings sit closer to the lower end.

Apartment typeTypical price range (2026)1-bedroom inland (50-65 m²)€110,000 – €230,0002-bedroom mid-Alimos (75-95 m²)€180,000 – €420,0003-bedroom inland family apartment (100-130 m²)€240,000 – €600,000Sea-view apartments on Poseidonos Avenue€350,000 – €1,200,000New construction 2020+ (any size)30-40% premium over equivalent older stock

Compared to neighboring Glyfada (€4,500-€12,000/m²) and Vouliagmeni (€6,000-€18,000/m²), Alimos sits at the value end of the Athens Riviera spectrum, offering coastal access at prices that are accessible to a wider buyer base.

Who buys property in Alimos

Alimos attracts a diverse buyer mix:

• Greek professionals working in central Athens who want coastal living without paying Glyfada/Vouliagmeni prices
• International investors entering the Athens Riviera market with €200,000-€600,000 budgets seeking 5-6% gross yields plus capital appreciation
• Marina-related buyers: yacht owners, charter company operators, and visiting boat owners who establish a base near Alimos Marina
• First-time Riviera buyers trading up from inland Athens districts but not yet ready for Glyfada pricing
• Renovation flippers targeting older Alimos apartments for modernization and resale or short-term rental conversion

The Alimos Marina and the marine economy

Alimos Marina (operated by Olympic Marine) is one of the largest marinas in the eastern Mediterranean, with over 1,000 berths supporting recreational sailing, motor yachts, charter operations, and a year-round community of marine-related businesses. The marina drives substantial property demand from:

• Yacht charter companies headquartering staff in nearby Alimos apartments
• Owners of berthed yachts who maintain a small Athens pied-à-terre
• Visiting sailing crews who rent for one-to-three month stays during preparation, refit, or layover periods
• Marine industry professionals — surveyors, captains, brokers — who work in the Alimos cluster

This marina-driven tenant demand is part of why Alimos rental yields exceed those of central Glyfada or Vouliagmeni: tenants are willing to pay above-market rates for proximity and convenience.

Rental yields and short-term rental market

Alimos delivers some of the best gross rental yields in the Athens Riviera, in the 5 to 6 percent range for long-term residential rentals. Short-term rental yields can be even higher during the May-October peak season, particularly for sea-view apartments and properties within a short walk of the beach or marina. Annualized short-term rental yields of 7 to 9 percent are achievable for well-located, well-managed properties.

Alimos is outside the central Athens short-term rental moratorium, so new AMA registrations remain open for property owners who want to operate short-term rentals.

Transportation and commute times

The Athens tram runs through Alimos along Poseidonos Avenue, with multiple stops in the district connecting to Syntagma Square in approximately 30 minutes. Driving via Poseidonos Avenue or Syngrou Avenue puts central Athens within 15 to 25 minutes outside rush hour. Athens International Airport (ATH) is approximately 30 minutes by car. Multiple OASA bus lines connect Alimos to the rest of the Athens basin.

Lifestyle, beaches, and amenities

Alimos offers an active, water-oriented lifestyle: Trocadero Beach and the smaller organized swim coves are within walking distance of most residential blocks. The Edem Beach area is popular with locals and weekenders. The Alimos Marina supports a year-round community of yacht-related restaurants, bars, and water-sports operators.

The central Alimos commercial district provides everyday shopping, banks, restaurants, schools, and healthcare. Larger shopping (the Athens Metro Mall in Agios Dimitrios, the Edem and Glyfada commercial centers) is minutes away. The Glyfada Golf Course and Vouliagmeni Lake are within 10-15 minutes by car.

Working with Buy Greece in Alimos

Buy Greece advises international investors on the Alimos market with focus on yield-optimized properties, sea-view apartments along Poseidonos Avenue, and marina-adjacent inventory. Our local network includes property managers experienced with mixed long-term and short-term rental strategies, renovation specialists familiar with older Alimos buildings, and Greek tax advisors who structure rental income for non-resident owners. Contact Buy Greece to discuss an Alimos investment.

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