High End Apartments in Athens Riviera Golden Visa Eligible
Greece Residency / by David Lincoln / 272 views
General Information
This posh project comprises of five high-end apartments in Palaio Faliro, South Athens. The apartments offer two to three bedroom options with interior sizes ranging between 106-212 SQM. The property flaunts a contemporary geometric architecture and wide windows to soak in the natural light and Mediterranean energy. The building is made up of a ground-level maisonette, three full slab apartments in between and a stunning three-level penthouse.
This development is estimated to be completed in 2024.
Greek Golden Visa Investment
Investors can choose between villas, typical apartments and luxurious penthouses. Units start at 465,000 EUR and range up to 1,040,000 EUR. Investors can benefit from variable returns rates, according to the rental period. Additionally, this project qualifies under the 500K investment category, according to the 2023 Greek Golden Visa regulations.
Greece is a modern country with advanced infrastructure and efficient public institutions. The property market has been stably rising over the last few years, and many areas are being revitalized economically and infra-structurally. The country boasts some of the most amazing landscapes and an idyllic Mediterranean climate. Additionally, Greece is renowned for its pridefully preserved history. As a member of the European Union and Schengen zone, citizens are allowed to travel to any of the 27 Schengen countries. Granting investors and their families the ability to live in Greece or travel visa-free for work, study or leisure to any other Schengen country.
The Developer
This developer specializes in creating high-quality residential properties with modern designs in prime real estate locations. Perfect for families or individuals looking for homes that compliment their contemporary lifestyle.
Investors can be comforted knowing the developer has a wide-range of properties catering to different lifestyles, including luxury properties and urban residences. They have property portfolios in both Athens Center and the South Athens Riviera. They are dedicated to improving neighborhoods for locals, bringing in commercial opportunities and accommodating the Greece Golden Visa program.
The Location
Between 1910 and 1915, numerous wealthy families were influenced by the scenic allure of Palaio Faliro and constructed their own mansions and villas near the waterfront, significantly altering the city’s appearance. Some of these edifices have been preserved to this day.
The community of Palaio Faliro was founded in 1925 through a Presidential Decree. Later in 1942, it was established as a Municipality. The city’s rapid development started in the 1950s.
The region has improved its urban profile and expanded into the southern coastal zone of Athens. This area includes historical baths, a marina, an urban park and an Olympic Sports Complex. The city is promoting sustainable development and mobility along the Athens coastline.
- Listing ID: 81971
- Enables residence and/or citizenship in:: Greece
- Enables owner's visa-free travel to:: EU/Schengen, United Kingdom, Canada, Australia, Hong Kong, Singapore
- Price range: US$500,000 - US$1 million
- Ownership type: Freehold
- Minimum holding period to maintain residence/citizenship status: More than 5 years
- Construction status: Under construction
- Property type: Apartment
- Income-generating property: Yes
- Annual maintenance costs borne by the buyer: No
- No. of rooms: 2, 3