Athens Riviera
Avla Real Estate · Personal Dossier

Mr Wael Hassan — Personal Selection

Athens Golden Visa · Glyfada and the Riviera corridor immediately alongside it. Three projects selected against the brief you gave us — for each one, the units on sale, floor plans, area and project reports, together with their risks.
3
Projects
15
Units in Selection
€261,000 – €352,000
Price Range
2026 – 2028
Handover
Selection Note

Why did we choose these three projects?

We built this selection around the brief you gave us: Glyfada, the Golden Visa as the primary purpose, a budget band of €250,000 – €300,000, the number of bedrooms left open, and mixed use — you staying in the apartment for part of the year and letting it for the remainder. For every project we went through the most recent list the developer sent us, unit by unit; projects with no remaining unit matching the brief were left off the list.

One point we want to make plainly at the outset. Inside Glyfada itself, your budget band opens exactly one project — the first one below, and it is the backbone of this selection. The other two sit in Elliniko, the neighbouring section of the same coastal corridor: the Athens Riviera band that runs from Glyfada down to the old airport site. This is not a compromise on quality; it is the part of the corridor where the large coastal-park regeneration, the new marina and the tram and metro links are concentrated, and where entry prices in your band still buy a new-build or fully converted apartment. Both are within a few minutes of Glyfada by car and on the same tram axis.

The order is not a ranking of recommendation but a geographic arrangement, starting with Glyfada as you asked. The third project sits above your band, at €337,000, and we have written that plainly rather than dressing the figure down. It is here for two reasons: availability has come down to a single apartment, and that apartment has by some margin the largest total area and the lowest cost per square metre in the whole selection — which matters precisely because you intend to use the apartment yourself for part of the year.

Under each project you will find two expandable sections: the area report (location, transport, tenant profile, yield, risks) and the project report (building, unit layout, handover, payment, Avla's assessment). We have written the weaknesses as plainly as the strengths; where we have no verified data on a heading, we say so openly.

Responsibility for availability and price: All price and availability information on this page is based on the most recent lists reaching us from the developers. Availability and prices can change quickly; Avla accepts no responsibility for whether this information remains current. Commercial terms such as discounts, deductions and rental guarantees rest on the same source and are not binding offers. Before any binding decision, we confirm both the status of the relevant unit and the commercial terms offered to you together with the developer, in writing.
This dossier is personal to you. Its arrival means that a preliminary consultation and a private selection meeting have taken place between you and our expert advisers. By receiving this dossier, you are deemed to have accepted the terms protecting our agency service in respect of the properties presented here.
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Exact location and street details are locked

Almost everything about these three projects is already open in this dossier — prices, floor areas, floor plans, commercial terms and our own reservations. Only the exact locations and street details are not published; the map shows each project as a circle at neighbourhood level. For the exact location, call us — your expert consultant will give the full briefing, share the location and present the properties personally. Or fill in the short form at the end of the page (GDPR/KVKK scope) and we will call you. Our terms and model →

Greece Golden Visa — a short reminder
The threshold is not a single figure: €250,000 / €400,000 / €800,000 Spouse + children under 21 + the parents of both spouses Residence permit renewed every 5 years No minimum stay requirement Long-term letting permitted This is a residence permit, not citizenship
The Framework First

Why does the investment threshold come out differently for everyone?

Because there is no single figure. The legislation defines three tiers, and which tier a property falls into is determined by its location and its legal status. For this reason Avla provides written threshold confirmation for every project in the portfolio at the offer stage.

€800,000
Top tier
Applies to areas under heavy demand. A single property and a minimum of 120 m² are required.
€400,000
Other areas
The same single-property and minimum 120 m² conditions apply.
€250,000
Not tied to location
Only in two cases: (a) the conversion of a non-residential building into housing through a change of use (the conversion must have been carried out after 5 April 2024 and completed before the application), (b) the restoration of a listed / protected building.

On the €250,000 route there is no floor-area requirement; in return, more than one independent residential unit may not be created on the same title, and the property may not be let on a short-term basis (daily/weekly) for 5 years.

1
Shortlist and written confirmation
For the units you like, current price, availability and threshold confirmation are obtained from the developer.
2
Viewing trip
Three or four projects are visited in a single day in Athens; we set the programme and accompany you.
3
Reservation and legal review
Preliminary agreement and deposit; then title history, mortgage/lien, building permit and occupancy certificate checks.
4
AFM, bank, notary, title deed
Can be handled by power of attorney; your presence in Greece is not required.
5
Residence application
Biometric appointment, blue card, then the residence card and renewal every 5 years.
Geography

The three projects in the selection on the map

Locations are shown as circles at neighbourhood level. You can see here how short the distance is between Glyfada and the Elliniko band — the three circles sit on the same coastal corridor. We share the full addresses together with the viewing programme once we have clarified which project interests you.

Ano Glyfada — South Glyfada Elliniko — The Ellinikon Views Elliniko — Venus Athens Riviera
Project 1 · Ano Glyfada — Athens RivieraHandover 2028 (estimated)

1South Glyfada

This is the project that answers your brief directly: it is inside Glyfada, and it is the only one in your budget band that is. For that reason we treat it as the backbone of this selection rather than as one option among several.

A relatively small-scale new building of six levels including the ground floor and 33 residences, located on the upper, inland axis of Glyfada — not a conversion but built from scratch. It comprises 30 standard apartments and 3 duplex (mezzanine) units combining two floors; the entire stock, without exception, has a one-bedroom + one-bathroom layout.

On your mixed-use plan. This typology suits the pattern you described — using the apartment yourself for part of the year and letting it for the rest — better than it suits a purely rental-yield calculation. A one-bedroom apartment in an established, walkable Glyfada neighbourhood is a comfortable base for your own stays, and between those stays it addresses the district's deepest tenant segment: single professionals and couples. Because the district lives all year round, letting is not confined to the summer season. Note that the developer states a rental guarantee is available on this project — its rate, its term and the entity giving it are confirmed in writing before any commitment, and a guarantee arrangement normally has to be reconciled with the periods you intend to keep the apartment for yourself.

The specification defines a European-brand fitted kitchen, Grohe sanitaryware and fittings, wooden parquet, track spotlighting and large glazed façades; the communal areas are landscaped and the entrance to the development is secured. The energy class is given as A in the developer's file, with heating via A/C.

The most striking aspect of the project is the generosity of the outdoor areas: balconies and exclusive-use areas range from 4 m² to 74 m². The ground floor has apartments with private gardens; one of these, with its 74 m² garden, has the largest total area in the project (109 m²).

District character: established, predominantly residential in fabric, walkable. School 300 m, shops and restaurants 500 m, the coast and the major regeneration project 2 km, hospital 2 km. There is no metro station — the nearest metro is 2.3 km away.

Commercial terms
Sales status
Not yet released for salethis is an early opportunity offered exclusively through Avla.
Discount
Open to negotiation
Deduction
Available
Rental guarantee
Yes — its rate, its term and the legal entity giving the undertaking will be confirmed in writing.
Sea view
Sea-view units are available within your budget band — marked in the table.
Service fee
None — 0% we charge you no service fee on this project
Handover
2028 (estimated)
Avla's view
On the balance of price and quality, this is the strongest project in the selection. Because sales have not opened yet it calls for a little patience; in return, negotiating room, a deduction and a rental guarantee come together in this project.
General view of the building Living room Living room and kitchen Kitchen Kitchen detail Living room and balcony

Price and unit selection — 9 options

4.5 — in our view the best match for you: it sits inside your €250,000–€300,000 band at €285,000, a sea view is marked on the developer's list, the 18 m² balcony is generous for this size, and it is not the top floor. ★ GF5 — the alternative if your own stays matter more than the view: at €290,000 it comes with a 74 m² private garden, giving a total area of 109 m² and the largest outdoor space in the project. Since you left the number of bedrooms open, note that every unit here is a one-bedroom. The three duplexes (M1, M2, M3) are the largest interiors in the project but sit just above your band, at €307,000–€312,000 — we have left them in the table so that you can see the step up for yourself. The project as a whole comprises 33 units with a price band of €261,000–€312,000; the full list is shared on request. This reflects the most recent information received from the developer; availability and prices can change quickly.
UnitFloorTypeInterior m²Balcony / garden m²Total m²ViewPriceFloor Plan
M3top floor4th+5th floorDuplex · 1-bed40.8012.0052.80Sea view€312,000
M1Ground+1st floorDuplex · 1-bed40.8019.0059.80€310,000
M22nd+3rd floorDuplex · 1-bed40.8012.0052.80€307,000
5.5top floor5th floorApartment · 1-bed35.3018.0053.30Sea view€288,000
4.54th floorApartment · 1-bed35.3018.0053.30Sea view€285,000
5.4top floor5th floorApartment · 1-bed34.806.5041.30Sea view€277,000
GF5GroundApartment · 1-bed, with garden35.0074.00109.00€290,000
GF3GroundApartment · 1-bed, with garden37.3020.0057.30€282,000
GF2GroundApartment · 1-bed, with garden37.809.5047.30€280,000
The three ground-floor apartments are included because you set no restriction on floor level and because the size of their private gardens changes the value calculation markedly — a ground-floor unit is, however, the weaker option in terms of privacy and outlook, and that is the trade-off. The contract provides for a ±3% tolerance on square metres.
Area report · Ano Glyfada

Location

Ano Glyfada is the upper, inland axis of Glyfada, the established upper-tier district of the Athens Riviera; one step away from the density of the high street and the coastal line, it is a settled, predominantly residential neighbourhood. The restaurants of Glyfada Square, the shopping streets, the beaches and the golf club appear in our records as "a few minutes" away. The factor that shapes the area's medium-term story is the urban regeneration project on the old airport site; our area report describes this project as the single most important reason why values in Elliniko and Glyfada continue to rise. That Athens's leading international schools are located in Glyfada and neighbouring Voula is a separate attraction feeding the district's settled foreign population.

Transport

There is no metro station in Ano Glyfada; this is the area's most conspicuous transport shortcoming and should honestly be recorded as such. The rail link is limited to the tram line along the coastal strip, and Ano Glyfada is on the upper axis; day-to-day travel in practice relies on the bus and a private car. In our records the distance to central Athens is 14 km / ~25 minutes and the airport ~20 minutes; these times are estimates and have not been independently measured.

Tenant profile

There are two distinct streams of demand: in the long term, white-collar professionals, diaspora returning to Greece and families; in the short term, tourist demand fed by the beaches and the marinas. The presence of international schools in the district and in neighbouring Voula supports family demand. This profile lowers the risk of finding a tenant; however, the short-term side is markedly seasonal, and we have no unit-level verified data to the effect that one-bedroom apartments are the "fastest-letting segment".

Rent and yield

Our area guide records the gross rental yield for Glyfada in the 4–5% band, and 6–9% for short-term lets in the summer period; the same study states that annual capital growth of 5–7% was observed over 2018–2024. On the €261,000 entry price, the 4–5% band corresponds roughly to a gross rent of €870–1,090 a month — this is a derived calculation; we have no unit-level verified tenancy figure. Moreover, this band relates to the area as a whole; because the project's net square-metre price sits in the upper band for the area, the realised yield should be expected to come out close to the lower end of the band.

Risks

  • Transport. There is no metro and there is no parking either; in a car-dependent district a unit without parking is at a disadvantage both in letting and at resale.
  • Construction site and price momentum. As long as construction of the regeneration project carrying the value story continues, noise and dust should be expected; nor should the possibility of the premium price momentum overheating be overlooked. The project's net square-metre price is already in the €7,434–8,130 band.
  • Availability. The only price list we hold is the launch brochure of 5 July 2026 and it contains no sold/reserved column; since several sales took place within three weeks on a similar project from the same source, it is highly likely that this list is incomplete today.
Project report · Ano Glyfada

Building

A relatively small-scale new building of six levels including the ground floor and 33 residences; not a conversion but a development built from scratch. A European-brand fitted kitchen, Grohe sanitaryware and fittings, wooden parquet, track spotlighting and large glazed façades are specified; the communal areas are landscaped and the entrance to the development is secured. There is no parking and no storage in the project — in a district with no metro and dependent on cars, this is a shortcoming that should not be disregarded.

Unit layout

All 33 units have one bedroom and one bathroom; the project comprises 30 standard apartments and 3 duplex units combining two floors. Interior areas range from 34.80 to 40.80 m², balconies and exclusive-use areas from 4.00 to 74.00 m², and total areas from 40.30 to 109.00 m². Prices are between €261,000 and €312,000. A sea view is marked on only four units (4.5, M3, 5.4, 5.5); for the other upper-floor units the view status is not stated — that does not mean "none", simply that it has not been marked. Confirmation on site is required.

Handover and payment

The handover date has not yet been committed in writing. It appeared as "to be announced" both in the developer's material and in our record; according to the most recent information from the developer, handover is expected in 2028 — this is an estimate, not a commitment. In addition a three-month tolerance (grace) is defined — however, since part of our records notes these three months as a handover allowance and part as a payment-free period, which of the two it is must be confirmed in writing. The instalment structure of the payment plan has not been communicated to us, and the service charge has been left blank as "to be determined". We recommend that no binding decision be taken until these headings are clarified.

Assessment

The project suits an investor seeking rental income and medium-term capital growth in an established district of the Athens Riviera, at a relatively low ticket price starting from €261,000.

Its strength is the location and the generosity of the outdoor areas: balconies and gardens ranging from 4 m² to 74 m² pull the cost per gross square metre down markedly on some units. Its weaknesses are clear: no parking and no storage; the handover date and the energy class are not settled; because all 33 units are of the same typology they will compete with one another in letting and at resale; and the net square-metre price sits in the upper segment.

What we are not certain about

  • Sales status: The source file has no "available / reserved / sold" column. Whether any unit is available cannot be verified from this file; confirmation must be obtained from the developer.
  • Gross m²: Not given anywhere. The source gives only interior area, balcony/exclusive-use area and total area.
  • Record discrepancy: An older reference record of ours shows the garden as 76.5 m² / total 111.3 m² and the net range as 34.8–41.3 m², whereas the corresponding figures in this table are 74.00 / 109.00 m² and 34.80–40.80 m². Which version is current must be confirmed.
  • Energy class and heating: The developer describes the design as "energy efficient"; while some of the sources give the energy class as A, in part of our records this heading appears as "to be announced".
Project 2 · Elliniko — Athens RivieraHandover December 2026

2The Ellinikon Views

In the part of Elliniko closer to the coast, a 28-unit boutique building in which an existing structure has been fully refurbished and converted into housing: ground floor plus two storeys, all one-bedroom apartments with open-plan kitchens. There is a communal swimming pool, a communal roof terrace and lounge with sea views, a lift and a secure entrance. The developer states the metro station to be ~300 m away.

The nearest handover in this selection is in this project: 31 December 2026. It is the option that ties up your capital for the shortest time and can start generating income earliest.

Three upper-floor units remain available: A7 and A8 on the 1st floor, and B7 on the 2nd floor. B7 is the only available unit the developer has marked as having a sea view; because the building is ground plus two floors, B7 is also the top floor — in a three-storey building that weighs far less than it would in a high block, but we want you to know. Being open on floor level works in your favour here: three ground-floor units are also available, two of them with a private terrace of their own — 10 m² on I2 and 19 m² on I7 — which is outdoor space the upper floors do not have.

On your mixed-use plan. Of the three projects this is the one that starts earning soonest — handover is at the end of 2026, so your own first stay and the first tenancy are roughly a year away rather than two or three. Being a walkable distance from the metro is what makes the letting side work here: a tenant without a car can live in this apartment, which is not true of every address in this corridor. The honest counterweight is price — A7 at €305,000 already sits at the very top of your band and B7 is well above it.

Commercial terms
Discount
None — sales are at list price
Deduction
None
Rental guarantee
None
Service fee
2% + VAT — this is the one project in the selection on which we charge a service fee; on the other two it is 0%.
Additional
Kitchen appliances can be supplied by the developer; the scope is confirmed in writing.
Corner view of the building Façade, evening Pool and façade Pool, aerial view Roof terrace Pergola and dining area Façade detail Garden level

Price and unit selection — 5 available units with a published price

A7 is the closest match to your band at €305,000 — the entry point among the upper floors. ★ I7 is the alternative if outdoor space matters more than floor level: a 19 m² private terrace, the largest outdoor area in the project, though at €347,000 it is above your band. B7 is the only unit marked as having a sea view on the developer's list; it is also the top floor of a three-storey building. Availability is as at 16 August 2026 (six units available, two reserved); prices are taken from the developer's list dated 1 July 2026 — the two dates are not the same, and no prices are published on the project website. A sixth available unit, I1 on the ground floor, carries no price in any list we hold, which is why it has no row; we are requesting it in writing. This reflects the most recent information received from the developer; availability and prices can change quickly.
UnitFloorTypeNet m²Private terrace m²ViewPriceFloor Plan
A71st floor1-bed · 1 bathroom313€305,000
I2Ground1-bed · 1 bathroom3010€315,000
A81st floor1-bed · 1 bathroom323€315,000
I7Ground1-bed · 1 bathroom32 – 3319€347,000
B7top floor2nd floor1-bed · 1 bathroom323Sea view€352,000
Rows are ordered by price. Gross area and total area are published nowhere for this project — those columns are blank across all 28 units in the developer's own table, so the only area figure we can give you is the internal area. The private-terrace figures reach us from the developer's unit list and are not corroborated by the project website; we are having them confirmed. We hold no unit-level floor plan for the ground-floor units.

Floor plans — general layout

1st floor plan
1st Floor (A series)
2nd floor plan
2nd Floor (B series)
Area report · Elliniko

Location

The dominant element defining the area is the large-scale urban regeneration project rising on the site of the old Athens Airport; it includes a coastal park, a marina, hotels and an office-and-retail programme, and the project boundary sits immediately alongside this band. The neighbourhood, lying between Glyfada's boutique-restaurant ecosystem and the Faliro Bay cultural axis, has an established fabric that lives all year round.

Transport

The metro station is within walking distance — an advantage not often found in projects in this price band along the Riviera corridor. By car, Glyfada Marina is about 10 minutes and the Stavros Niarchos Cultural Centre 15 minutes; for the airport the realistic band is 15–30 minutes depending on traffic. For the historic centre of Athens our records use a band of 25–35 minutes.

Tenant profile

In Elliniko demand does not come through a single channel: the nearby university campus and the office and service employment around it feed long-term tenants, while proximity to the airport and the Riviera location feed short-term tenants in the summer months. The employment arriving in the area with the regeneration project's phased openings between 2027 and 2030 is expected to broaden the professional and expat tenant base — this is a projection, not a commitment. Because of the small floor areas in stock, the target audience is single-person and couple households; a large family tenant is not the profile of this typology in this area.

Rent and yield

In our records the expected gross rental yield for the area is in the band of 4–5% per year; we work with 3.5–4% in a cautious scenario and 5–6% in an optimistic one. For short-term letting in the summer season our area guide reports a band of 6–9%; however, if the €250,000 change-of-use route is chosen, the five-year short-term letting ban comes into force and this band does not apply.

Risks

  • The seafront is not within walking distance — we stress this distinction particularly in projects carrying the name "Riviera"; a car or public transport is needed for daily use of the coast.
  • The regeneration timetable — much of the area's value story rests on openings that have not yet taken place; a delay in the timetable pushes back the expected premium.
  • Small floor area — it narrows the rental segment and the pool of buyers at exit; the general tightening trend in short-term letting regulation directly affects premium coastal stock.
Project report · The Ellinikon Views

Building

A reinforced-concrete building of ground floor plus two storeys, obtained by converting an existing building into housing; 28 units in total (9 on the ground floor, 10 on the 1st floor, 9 on the 2nd floor). The refurbishment year is given as 2025 and handover as 31 December 2026. There is a communal swimming pool, a communal roof terrace and lounge area with sea views, a lift and a security door. The apartments have open-plan kitchens.

Unit layout

The stock consists almost entirely of one-bedroom units; net internal areas are in the 25–35 m² band, while the two two-bedroom units are 47–49 m². The five priced units in the table have net internal areas of 30–33 m². The floor plans show a balcony on the south façade; however, balcony and total area measurements are not given in any source — those columns are blank in the developer's table.

Availability

As at 16 August 2026, 6 units across the project are available and 2 are reserved (I3 and I8); the remaining 20 have been sold. B8 on the 2nd floor, which our own records showed as reserved four days earlier, now appears sold — an indication of the pace at which this stock is moving. Of the six available units, three are on the upper floors (A7, A8, B7) and three on the ground floor (I1, I2, I7); five carry a price in the list we hold, and I1 does not.

Assessment

This project stands apart on two points: the handover date and proximity to the metro. While the other projects in the selection hand over in 2027–2028, here the timetable is the end of 2026 — the period for which capital is tied up is markedly shorter. Against that, the pricing is ambitious: €352,000 for 32 m² net corresponds to over €11,000 per net square metre; this is a premium paid for the sea view and the near handover, and there is no guarantee that the same premium will be recovered on resale. On a per-square-metre basis, A7 and A8 are markedly more balanced options.

What we are not certain about

  • Price source: Prices come from the developer's list dated 1 July 2026; no prices are published on the project site. A current price should be requested in writing before any offer.
  • m² inconsistency: On the 1st floor drawings the unit areas appear about 1 m² larger than the table values (A7: plan 32 / table 31). Which one is binding must be confirmed.
  • Sea view: The project site states a sea view only for the communal roof terrace. The information that B7 has a sea view at unit level comes from the developer's list and is not corroborated by the site. We recommend seeing it in person.
  • Balcony and gross m²: Not published; the only area figure is the net internal area.
Project 3 · Elliniko — Athens RivieraHandover 2028 Q3

3Venus Athens Riviera

LIMITED AVAILABILITY · ONE APARTMENT LEFT

Above your band — and, for your kind of use, worth the difference

Venus has sold 54 of its 58 apartments, with three more reserved. According to the developer's list of 11 August 2026, one apartment remains open for sale: GF3, at €337,000. That is above the €250,000–€300,000 band you gave us, and we are not going to pretend otherwise. What you get for the difference is 69.7 m² in total — an apartment of 39.7 m² plus an enclosed 19 m² playroom and 11 m² of outdoor space — against the 40–53 m² totals of the units in your band elsewhere in this selection. On a cost-per-square-metre basis it is the most economical unit in the dossier.

It is on the ground floor and looks onto the inner courtyard; if that does not suit you, say so and we will take it out of the conversation. If it does, it will be necessary to move quickly — at this stock level a single sale closes the project.

Venus is a quietly scaled residence in the Elliniko band of the Athens Riviera, three storeys high with 58 apartments and a pool and landscaped garden in its inner courtyard. The architecture is understated and warm: generous balconies, façades woven with greenery, private gardens and playroom solutions on the ground floor. Grohe fittings, a European kitchen, B+ energy class.

Location is the project's greatest strength: 300 m to one of the largest urban regeneration areas in Europe, 300 m to the metro station, 100 m to the shopping street, 1 km to the hospital. The coast is 2 km away — it is not within walking distance, and we state that plainly.

The remaining unit is GF3: 39.7 m² of interior space, a 19 m² enclosed playroom and 11 m² of outdoor area, 69.7 m² in total. The playroom is an enclosed additional volume granted to the ground-floor apartments and found in very few projects in this price band — it can be used as a study, a guest room or storage. In terms of cost per square metre it is the most economical unit in the project.

On your mixed-use plan. This is the unit in the selection that best absorbs two different uses. When you are in Athens yourself, the playroom works as a second room — a study or a guest bedroom — which no other unit in your band offers at this price level; when you are not, the apartment lets as a one-bedroom equivalent rather than a studio, which widens the tenant pool and supports the rent. The developer states that a window can be added to the playroom later, which would turn it into a fully habitable room; permission for that is confirmed in writing before you rely on it. The counterweight, again plainly: ground floor, courtyard outlook, and handover not until the second half of 2028 — so the mixed-use pattern does not begin for close to three years.

Commercial terms
Discount
An Avla-exclusive discount can be obtained
Deduction
Available
Rental guarantee
Reported at 4%we flag this as unconfirmed. The rate reaches us from a single channel and no term is stated; the developer's own documentation contains no rental guarantee for this project. Rate, term and the legal entity giving the undertaking are confirmed in writing before any commitment, and we would not want you to price this unit on the assumption that the guarantee exists.
Service fee
None — 0% we charge you no service fee on this project
Why we recommend it
The development has a pool, and the unit has a 19 m² enclosed playroom. According to the developer, a window can be added to the playroom later — which turns the space into a fully usable room. Planning permission and management approval will be confirmed in writing.
Pool and garden Façade, daytime Pool, second angle Ground-floor gardens Façade, night Apartment interior

Unit available — 1

According to the developer's list dated 11 August 2026, this is the only apartment in the project open for sale. This reflects the most recent information received from the developer; availability and prices can change quickly. A ±3% tolerance is stated on measurements.
UnitFloorTypeInterior m²Playroom m²Outdoor m²Total m²PriceFloor Plan
GF3Ground (Level 0)Studio + playroom · 1 bathroom39.719.011.069.7€337,000
The floor plan shows the whole of the ground floor (Level 0); the GF.3 and 19 m² playroom labels can be read on the plan. A separate scaled plan of the apartment itself has been requested from the developer.
Ground floor plan
Ground floor · Level 0
Area report · Elliniko (Venus)

Location

Venus is located in the Elliniko section of the Athens Riviera. The dominant element defining the area is the urban regeneration project rising on the site of the old Athens Airport; the boundary of this project, which includes a coastal park, a marina, hotels and an office-and-retail programme, is 300 metres from the building. The neighbourhood, lying between Glyfada's boutique-restaurant ecosystem and the Faliro Bay cultural axis, has an established fabric that lives all year round; there is a shopping axis at 100 metres, a university campus at 800 metres and a hospital at 1 km. Let us be clear on one point from the outset: although the project carries the name "Riviera", it is not on the seafront — the coast is 2 km away.

Transport

The metro station is 300 metres away, a 3–4 minute walk; this is an advantage not often found in projects in this price band along the Riviera corridor. By car, Glyfada Marina is 10 minutes and the Stavros Niarchos Cultural Centre 15; for the airport the realistic band is 15–30 minutes depending on traffic. The beach and the coastal promenade are not within walking distance; a car or public transport is needed for daily use of the coast.

Rent and yield

In our records the expected gross rental yield is 4–5% per year; 3.5–4% in a cautious scenario and 5–6% in an optimistic one. The developer documentation we hold contains no rental guarantee for this project; a 4% figure reaches us through a single channel, with no term attached, and our own records are not consistent on the point — so we treat it as unconfirmed and would not have you price the unit on it. Rate, term and the legal entity giving the undertaking will be confirmed in writing. In our listing record the service charge appears at roughly €35 a month — in a development of 58 apartments with communal areas it is likely that this figure will rise after handover; a management budget should be requested before contract.

Risks

  • Duration. Handover is the third quarter of 2028 plus a 3-month extension; capital is tied up for close to three years, and a delay in the regeneration project's timetable pushes back the expected value premium.
  • Parking contradiction. While the source price list shows parking as "N/A" on all units (storage is present in all apartments), our own listing record shows parking as "available". This contradiction should not be passed over without putting it to the developer.
  • The heating system is still marked "pending" in the developer's document; the system to be delivered is not yet defined.
  • Scale. The apartments are small; this narrows both the rental segment and the pool of buyers at exit.
Project report · Venus Athens Riviera

Building

A single block of ground floor plus three storeys; 58 apartments in total, 4 on the ground floor and 18 on each upper floor. The building is not new construction; it is obtained by converting an existing building into housing, and in our record the building type appears as a "conversion project". The specification states a B+ energy class, Grohe bathroom fittings and kitchens of "European manufacture". Storage has been allocated to all apartments.

Unit layout

Of the 58 units, 42 are one-bedroom, 13 are studios and 3 are two-bedroom; all apartments have a single bathroom. Interior areas are 31.4–50.3 m², and with balconies and exclusive-use areas added the total ranges from 35.4 to 82.3 m². The four studios on the ground floor have a different layout: a playroom area of 19–20.5 m² is added to an apartment of 39.7–42 m², reaching 69.2–73 m² in total, and these are the units with the lowest cost per square metre (roughly €4,870–4,890/m² gross, against €6,440–8,220/m² on the upper floors). This advantage stems partly from the ground-floor position and from the fact that a significant part of the area is a playroom rather than the main living space — in the interest of honesty, we write that too.

Handover and payment

Handover is given as the third quarter of 2028, and the source list also contains a provision for a 3-month extension; with that provision, actual handover could reach the end of 2028. The payment plan — the deposit rate and the interim payment schedule — has not been shared with us by the developer.

Assessment

Venus's real thesis is not the building but the location: taking a position 300 metres from one of the largest urban regeneration projects in Europe, within walking distance of the metro and in a mid-budget price band. The project suits an investor prepared to tie up capital until the end of 2028 and who gives priority to long-term capital growth; it is not the right address for a buyer seeking short-term rental income, space for a large family, or a seafront position.

Our particular note on GF3, the single remaining apartment: the playroom offers a flexibility of use that is rare in this price band and pulls the cost per square metre down markedly — for a buyer who intends to occupy the apartment part of the year and let it for the rest, that second enclosed volume is the whole argument. Against that, it is on the ground floor, its outlook is over the inner courtyard, and at €337,000 it sits above the band you set. We have put it in front of you because of the area you get for the money and because the stock is down to one; the decision on whether the ground floor is acceptable is yours, and it is best taken on site.

What we are not certain about

  • Stock: The July 2026 list showed 7 available apartments; the list of 11 August 2026 has made all of them sold/reserved and left only GF3 open. The August list has been taken as the basis — written confirmation of stock should be obtained.
  • Energy class: Although "A++" appears in a note that reached us, both source files state B+. B+ has been used in the text.
  • View: No sea view for GF3 is stated in the source; since it is on the ground floor and looks onto the inner garden, it has been assumed that there is no sea view.
  • Parking: "N/A" for all apartments on the list; storage is present. The parking position is unclear.
  • The interior image was produced for the ground-floor unit type; it is not guaranteed to depict GF3 exactly.
At a Glance

The three projects side by side

ProjectNeighbourhoodBuilding typeHandoverUnits in the tablePrice rangeService fee
South Glyfada (in Glyfada)Ano GlyfadaNew build · 33 units2028 (estimated)9 of 33*€277,000 – €312,0000%
The Ellinikon ViewsEllinikoConversion · 28 unitsDec 20265 of 6 available**€305,000 – €352,0002% + VAT
Venus Athens RivieraEllinikoConversion · 58 units2028 Q31 — the last one€337,0000%
Only South Glyfada lies inside Glyfada; the other two are in Elliniko, the neighbouring section of the same coastal corridor. * South Glyfada has not yet been released for sale — the nine units shown are part of an early offering exclusive to Avla and the project as a whole has 33 units; the source list carries no sold/reserved column, so availability there is an assumption rather than confirmed data and we are obtaining a current list. ** A sixth available unit at The Ellinikon Views carries no price in any list we hold and therefore has no row. All row information reflects the most recent information received from the developers; availability and prices can change quickly.
Next Step

Which projects shall we discuss?

Tell us the two or three units you like; let us obtain written confirmation of current availability and price from the developers, start the independent legal opinion process for the Golden Visa threshold, and set up your viewing programme in Athens. If you wish, we can place a short-term option on the units you choose.

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