A foldaway balcony that includes a vertical support, a platform structure tiltably mounted to the vertical support and a barrier structure mounted on the platform structure. The platform structure includes a support structure and a floor structure which are tiltable separately from one another relative to the vertical support. The barrier structure includes barrier elements, hinged at the edge of the platform structure, and tiltable between a stowed position in which they lie inside the support structure, and a deployed position, in which they stand up relative to the support structure. A barrier element, connected to a distal side of the edge of the platform structure includes a first and a second pair of stanchions hinged to the distal side, a first and a second rod which interconnect the upper ends of the stanchions, and a handrail with parallel guides, in which are housed the first and the second rods.