This 6-story residential apartment building is located in Ilioupoli a tranquil residential neighborhood of Athens. The existing building is undergoing renovations in which the commercial base will be converted into a building for residential purposes.
The residential complex will feature thirty-four one-bedroom apartments, along with one two-bedroom apartment. These apartments will be rented on a long-term lease to local Greek nationals in line with the spirit of the Greece Golden Visa program which has been amended to encourage investment into residential properties. Residential property is in high demand in Athens and investors can expect solid rental yields ranging between 4-7%. However, investors looking for a stable rental yield are offered by the developer a 3% guaranteed yield per annum on their investment for the first 3 years.
Property Highlights:
•Apartments Available: 35 Units •34 one-bedroom apartments and one two-bedroom apartment. •Unit Sizes: 51.5 – 58.6 sqm •Energy Efficiency: Class B •Heating: Heat Pumps •Premium Sanitary Ware by Grohe •European Kitchen Designs •Pricing: Starting from €260,000
Location
Ilioupoli is a vibrant suburb in Central Athens that offers a combination of traditional Greek charm and modern infrastructure and amenities. There are many outdoor areas to enjoy with nice parks and open spaces making it a pleasant neighbourhood to live in. The area is popular with both locals and tourists who can enjoy an abundance of restaurants, cafes, and local shops. Whether you’re taking a leisurely walk at sunset to enjoy stunning views of Athens or delving into its fascinating history, Ilioupoli embodies the true spirit of Greek allure in every aspect.
The apartments are near both the bustling city center of Athens and the Sunny Beaches of the Athenian Riviera which can be reached in just 15 minutes by car. The residential building is also conveniently located just 34 km away from the international airport.
Greece Golden Visa Eligibility
Despite the recent price hikes for the Greece Golden Visa, announced in the first half of 2024, these apartments remain eligible under the €250K threshold, offering a simplified route to EU residency through real estate investment.
This project adheres to the criteria for properties valued at €250,000 in Greece, qualifying under the refurbishment and reconstruction category. This is exactly the type of investment that the government is looking for given that there is a housing crisis in Greece which is seeing locals priced out of property due to high rents. More supply is needed.
To understand more about the 2024 rules, check our Greece Golden Visa Ultimate Guide by clicking here.
The Apartments
With high demand for quality rentals in Ilioupoli and Athens, this property offers guaranteed rental returns, ensuring a stable and lucrative investment.
Units start at €260,000 (51.5 m2) and range up to €285,000 (51.5m2 with sea view). Available units are as follows:
- Level -1 51.5 sqm 1bedroom 1 bathroom Storage Included N/A(view) -€ 260.000
- Level -1 51.5sqm 1bedroom 1bathroom Storage Included N/A(view) – € 260.000
- Level-1 51.5sqm 1bedroom 1bathroom Storage Included N/A(view) -€ 260.000
- Level 0 52sqm 1bedroom 1 bathroom Storage Included View Included – € 273,000
- Level 1 51.5sqm 1bedroom 1bathroom Storage Included View Included -€ 270.000
- Level 2 51.5sqm 1bedroom 1bathroom Storage Included View Included -€ 275.000
- Level 3 51.5sqm 1bedroom 1bathroom Storage Included Sea View Included -€ 285.000
- Level 3 51.5sqm 1bedroom 1bathroom Storage Included Sea View Included -€ 285.000
With its upscale finishes, contemporary design, and sought-after location, this property is an excellent option for both short-term and long-term rentals, ensuring strong rental yields.
This project’s delivery date is set for the second quarter of 2026.
The Developer
The developer brings a wealth of expertise in the real estate sector, offering a comprehensive array of property services, including residential sales, high-return city apartments, and property management solutions.
Backed by a talented team of professionals, the developer oversees every phase of design, construction, and interior furnishing, focusing strongly on quality and meticulous attention to detail. Their dedication to prime locations, outstanding service, and innovative design guarantees top-tier standards throughout all projects.
They specialize in both new constructions and upscale renovations, the developer revitalizes properties in some of Athens’ most coveted neighborhoods, resulting in modern, inviting highly desirable homes. Renowned for providing dependable returns and remarkable living spaces, each project is tailored to meet the varied needs of clients while serving as a valuable investment.
Work With Lincoln Global Partners
At Lincoln Global Partners, we are dedicated to assisting you throughout your investment journey, from choosing the perfect project within our varied portfolio to completing your Greece Golden Visa application.
We take pride in offering customized support designed to address the specific needs of each client, and we do not charge any service fees for Golden Visa investments in Greece.
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