Property in Greece through Greek Golden Visa

Location: Athens – Palaio Faliro
Size: 45 sq.m
Floor: First
Bedrooms: One
Bathrooms: One
Internal: Living room, kitchen, bathroom, bedroom, security door
External: One balcony
Extra: Air-condition, alarm system, tent, oven
Parking Spot: Yes
Price: €135,000
Rental income: €570/month

Property Description:
We offer a new and well-maintained apartment located in Palaio Faliro, Athens, Greece.

The first level consists of an open plan living room kitchen, a bathroom, and a balcony. On the second level, you will find the bedroom that is also facing the big window and the balcony. Two big wardrobes in the bedroom will provide you with the storage space you need.

Our property sits in a strategically quintessential location.

Separated from the sea by Posidonos Avenue, its inner streets are dense with apartment blocks courtesy of the 1960s building boom. On the palm-lined promenade, play parks, an outdoor cinema and a luxe marina generate a year-round resort vibe.

Revived for the 2004 Olympics, this popular coastal suburb leans towards leisure. Palaio Faliro is the gateway to the Athens Riviera and an easy jump off point for Piraeus and the city centre. Restaurants and cafes dot pretty, glitzy Flisvos Marina, while its beach and waterfront promenade are a quick and scenic escape from urban life. The arrival of the game-changing Stavros Niarchos Foundation Cultural Centre in neighbouring Kallithea in 2016 has also helped connect the dots and bring more dash to the area.

Palaio Faliro has already seen great investment development because it is close to the area of Ellinikon where a large urban park will be created which will be called the ‘’Metropolitan Park of Ellinikon’’. The Project constitutes the largest urban regeneration project in Europe, designed to add significant new investments and uses in the areas of tourism, culture, entrepreneurship, innovation, and the environment. Thus, it is expected to have a positive effect not only on the region of Attica but on the entire country as well.
The investment will include a diverse range of residential communities, hotels, shopping centers, family entertainment venues, museums, and cultural venues, health and wellness centers, significant space for sports and recreation, a modern business park with an educational and R&D hub as well as the total regeneration of the existing marina and the entire Coastal Front that will, along with the Park, will be the major attractions of the site.

It is also conveniently situated and accessible to major attractions and city hub
5- minute walk to tram station
10- minute drive to the metro station ‘Agios Dimitrios’
10- minute drive from/to the sea
15- minute drive (to the Acropolis monument and the city centre where all shops, restaurants, bars and nightclubs are located)
30-minutes away (33km) from Athens international airport

Overview of the Greek Golden Visa Program:

Most competitive and affordable permanent residency program in Europe.
Requires a minimum real estate investment of €250,000.
Offers unrestricted travel access, residency and the ability to receive healthcare or pursue education anywhere within the EU, to both applicants and their family.
Allows visa-free travelling to all countries within the Schengen Area.
It also enables Permanent Residency holders to apply for Greek (EU) citizenship after 7 years of residence.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.