The Ellinikon: Demand from 110 countries – New residences available

Strong demand, which exceeds 17,000 from much than 110 countries, has been recorded for residences successful The Elliniko, Alexandros Moulas, Chief Commercial Officer, Residential of Lamda Development, said speaking astatine the Athens Riviera Summit.

According to the information helium cited, 65% of the funny parties are Europeans, 15% Americans and 12% from the Middle East. A important beingness is besides recorded from Britain and Australia, but besides from countries such arsenic Canada, Germany, Turkey and Switzerland.

47% spot an concern opportunity

As for the illustration of buyers, it differentiates. Foreigners summation arsenic the projects advancement and travel antithetic trends, with antithetic motivations. Thus, successful summation to those who spot The Elliniko arsenic a spot for imperishable residence, there are besides those who spot it arsenic a axenic concern option, helium added.

According to the information presented by Moulas:

– astir fractional of the buyers (47%) spot the acquisition of a residence successful The Elliniko arsenic an investment, with expected returns of 5%-7% done rentals
– a percent of 29% made the acquisition arsenic a superior residence,
– 21% arsenic a 2nd home,
– while lone 3% state that the involvement is linked to obtaining a Golden Visa.

The request is chiefly directed towards two and three-room apartments (43% and 29% respectively), while a overmuch smaller percent concerns larger residences.

“East Village”

Lamda Development has already announced the adjacent large neighborhood, “East Village”, which will beryllium developed connected the eastbound broadside of the area. One of the complexes of the caller neighborhood, “Skyline Havens” by Liakos Architects, will see 150 luxury residences with resort-like services (outdoor pools, playgrounds, gym, concierge services) and is scheduled for transportation successful 2028.

In the adjacent year and a half, astir of the projects of the archetypal signifier are expected to beryllium completed, which includes 1,500 residences from LAMDA and an further astir 500 from collaborating developers. By the extremity of 2028, a total of astir 2,000 residences will person been delivered, while caller complexes will beryllium launched gradually. By the extremity of 2025, 100-120 caller residences person been announced and different 300-350 will beryllium available successful the archetypal 4th of 2026.