Key Takeaways:
- The Ellinikon Athens Golden Visa program offers European residency to investors who purchase luxury homes in Greece.
- The Ellinikon project is an 8-billion euro development that aims to transform abandoned land into a high-end residential and commercial hub.
- The project includes sold-out successes like the Riviera Tower and Cove Villas and has plans for a smart city and a marina tower.
Golden Visa Greece: A Ticket to European Residency
The concept of a Golden Visa has become increasingly popular among non-European investors looking for an opportunity to reside in the European Union. The Greek government provides a compelling option with its Golden Visa program, which extends residency permits to individuals who invest a minimum of 500,000 euros in Greek real estate.
One of the most tantalizing prospects within this program now includes purchasing luxury homes at the transformative Ellinikon project in Athens. This dazzling development represents a new wave of luxury living and economic opportunity on the historic coast of Greece.
A Glimpse into the Future: The Ellinikon Project
Situated on the site of the former international airport in Athens, the Ellinikon project is an 8-billion euro metamorphosis turning abandoned land into a high-end residential and commercial hub. Aimed at injecting vibrancy and opulence along Athens’ coast, this project is stirring great interest among forward-thinking investors.
The Riviera Tower and Cove Villas: Sold Out Successes
Already setting a benchmark in upscale living, the Riviera Tower, designed by the renowned Foster + Partners, has all 170 units sold. This milestone is matched by the Cove Villas, where every one of the 28 homes has been snatched up by eager buyers. Odisseas Athanasiou, CEO of Lamda Development, the brains behind the Ellinikon, notes that prices for these homes have surged by 15 percent, reflecting the growing demand for luxury living in the area.
The Allure of Little Athens
The next jewel in the Ellinikon crown, Little Athens, plans to offer approximately 1,115 new homes in its first phase. Its stunning Park Rise flats, designed by the Bjarke Ingels Group, are expected to attract a wave of attention, with a third of the apartments already sold. Despite not yet being marketed abroad, the project enjoys a healthy mix of local and international buyers, with diaspora Greeks and foreign nationals accounting for 25 percent of purchases. And with further plans afoot, Lamda expects this international contingent to rise to nearly 40 percent, driven in part by the Golden Visa.
The Smart City Vision
Beyond residential spaces, the Ellinikon development aims high with its vision of a smart city. Spanning 6.2 million square meters, the project intends to fuse state-of-the-art living with sustainable design, opening Greece’s doors to the world through luxury and innovation.
“For many, many decades, Greece was redistributing the pie of wealth, or poverty, if you will, and now, with the new income that is coming from all places in the world, we are bringing in new money. The new money will be distributed more or less to everybody,” stated Athanasiou, emphasizing the broader economic impact of the project.
Opportunities Beyond Boundaries: The Marina Tower and More
The epitome of exclusivity can be found at the Marina Tower, which sets a new standard for high-end living, as 30 percent of its luxurious dwellings have already been claimed by international buyers. Indicating the project’s expansive nature, units have been sold to Syrians, Egyptians, Emiratis, other Europeans, and Americans.
The developer has made it clear that the real estate will average around 10,000 euros per square meter— a price tag reflective of the exceptional quality of Ellinikon’s proposition and its target audience of high-net-worth individuals.
The Ellinikon: At the Heart of Greece’s Economic Resurgence
This ambitious project is not just about luxury homes but about reshaping economic narratives. Ellinikon stands as a testament to Greece’s economic resurgence, with the potential for 75,000 job creations and a revitalization of the country’s appeal to global investors.
The development has faced its share of critiques, as highlighted by Al Jazeera and Stelios Bouras of Greek Guru. Bouras pointed out the dichotomy of a project that caters to the affluent while the majority of Greeks may feel sidelined: “For the vast majority, there is zero development.”
Nevertheless, the vision of a self-contained smart city with all the trappings of luxury—from mega-yacht marinas to five-star hotels and exclusive shopping malls—casts Ellinikon as a beacon of modernity and hope for a more prosperous future.
A Sea Change for Athens
Spanning a 3.5-kilometre coastal stretch, Ellinikon’s development has the potential to alter the city’s skyline and, more significantly, its economic trajectory. The project’s mix of luxury, accessibility to the beach, and connections to green spaces illustrates Athens’ willingness to embrace change while still providing public amenities.
For those looking to invest in what’s being heralded as Europe’s largest real estate scheme, the Golden Visa opportunity represents much more than just a permit to reside; it’s an investment in a lifestyle, a community, and Greece’s future.
As Athens continues to evolve and attract global investment, projects like the Ellinikon reflect a broader trend in international real estate—one that affords a blend of high-end living with the promise of European residency. For more information about Greece’s Golden Visa program and investment opportunities, potential buyers and investors should explore the official Greek Immigration Services website and consult with legal experts on navigating the process.
With a starting price of luxury homes at 6,000 euros per square meter, the Ellinikon Golden Visa proposition opens a unique gateway into the rich cultural tapestry and modern luxury that Greece offers—bringing with it the chance to be part of Athens’ bright and opulent future.
Learn Today:
Glossary or Definitions
- Golden Visa: A residency permit that is granted by a country to foreign investors who meet certain investment requirements. In the context of Greece, the Golden Visa program allows non-European investors to obtain residency permits by investing a minimum of 500,000 euros in Greek real estate.
Residency Permit: A document that allows an individual to legally reside in a country, usually for a specific period of time. In the case of the Golden Visa program, the residency permit is granted to foreign investors who meet the investment requirements.
Ellinikon: A large-scale development project in Athens, Greece, located on the site of the former international airport. The project aims to transform the area into a high-end residential and commercial hub.
Luxury Homes: High-end residential properties that offer premium features and amenities, often characterized by their exclusivity and higher price range.
Diaspora Greeks: Refers to Greeks who live outside of Greece, typically in other countries around the world.
Smart City: A city that uses technology and data to improve the quality of life for its residents and enhance efficiency in areas such as transportation, energy, and public services.
High-Net-Worth Individuals: Individuals who have a high level of personal wealth and financial resources.
Economic Resurgence: A period of economic recovery and growth, often characterized by increased investment, job creation, and improved economic indicators.
Job Creation: The process of generating new employment opportunities, typically through the establishment of new businesses or the expansion of existing industries.
Affluent: Refers to individuals or groups who have a high level of wealth or income.
Development: Refers to progress or growth in a particular area, such as infrastructure, economy, or society.
Skyline: The outline of buildings against the sky, often used to refer to the distinctive features and architecture of a city.
Trajectory: The path or direction of development or change that something is expected to follow.
Public Amenities: Facilities and services provided by the government or public organizations for the benefit of the general public, such as parks, libraries, and recreational facilities.
Real Estate: Property consisting of land or buildings, including both residential and commercial properties.
Blend: A combination or mixture of different elements or characteristics.
Cultural Tapestry: Refers to the diverse and interconnected cultural traditions, practices, and heritage of a particular place or community.
Legal Experts: Professionals who specialize in legal matters and can provide advice and guidance regarding legal processes and requirements.
Gateway: A means of entry or access to a particular place or opportunity. In the context of the Ellinikon Golden Visa proposition, it refers to the opportunity to invest in luxury homes and obtain European residency in Greece.
Opulent: Characterized by wealth, luxury, and grandeur.
So, if you’re ready to dive into the world of luxury living and European residency, the Ellinikon Athens Golden Visa opportunity is calling your name! With its stunning development and transformative vision, this project is set to reshape Athens’ skyline and economic landscape. From the sold-out Riviera Tower to the upcoming Little Athens, there’s something for everyone in this bustling hub of opulence. So don’t miss out, explore more on visaverge.com and get one step closer to your luxurious Mediterranean dream!
This Article in a Nutshell:
Invest in luxury and residence with the Ellinikon Athens Golden Visa opportunity. Greece offers a Golden Visa program that grants residency permits to individuals who invest 500,000 euros in Greek real estate. The Ellinikon project is a transformative development turning abandoned land into a high-end residential and commercial hub, attracting forward-thinking investors. With opportunities like the Marina Tower and a vision of a smart city, the project aims to reshape economic narratives and create job opportunities. This article provides a concise overview of the exciting investment prospects in Athens.
