Psychiko is located 5 km northeast of Athens city centre. It is a strictly residential suburb of Athens, with commercial businesses allowed only within two small designated zones, the "Nea Agora" (New Market) and the "Palaia Agora" (Old Market), with current regulations also restricting buildings to full detachment, and a maximum of 3 floors. Psychiko was historically the home of aristocrats, members of the Greek royal family, and generally old money people. The area remains one of the wealthiest suburbs of Athens, with very high land value, and a number of embassies, particularly of rich Middle Eastern countries, to be found located in Psychiko, Neo Psychiko and neighbouring Filothei. This was once home to Queen Frederika of Greece, until the military coup d'état of 1967. Andreas Papandreou and his wife Margaret also lived in Psychiko before the dictatorship. Later, when he became Prime Minister he left Psychiko and moved to Ekali. In recent decades however, many prominent families choose to build their houses in the southern, seaside suburbs, like Glyfada or Lagonisi. A number of Greek private schools are located in the area: the Athens College, the Moraitis School, the Arsakeio, and the area's most historic public school, the Varvakeio, in Neo Psychiko is also the prestigious Greek/French School "Ursulines". Public municipal facilities, for their part, include a very active cultural center, a 6-court tennis club, an indoor basketball/volleyball stadium, an outdoor basketball and volleyball venue, and a rollerskating rink.
On the plain of Marathon a major battle was once fought; Persians with large fleets came to enslave the land and from there pass to Athens...the blood turned to a river, and reached from the roots of Vranas to Marathon on the other side; it met the sea and painted the waves red. Much lamentation and evil took place. Finally the Greeks won... and two men ran to bring the news to Athens; one travelled on horseback and the other on foot in full gear. The rider headed towards Chalandri and the messenger of foot towards Stamata; swift-footed he ascended Aforesmos and down towards the village. As women saw him, they ran towards him:
"Stop", they shouted, wanting to know the outcome of the battle. He stopped a moment to catch his breath and then took the road again. Finally, he reached Psychiko; there he was almost near death, his feet were shaking, he felt like falling down. But he composed himself, took a deep breath, continued, and finally reached Athens.
"We won," he said, and immediately fell down dead. The rider had yet to come. But there where the foot runner stopped and took a breath his act was recorded. The first village remained a 'stop' (Stamata) and the second Psychiko.
Office, stores and open air cinema building in Psychiko