New apartment project in the area of Callithea (003434)
The unique project will be built in the area of Kallifea, which is located between the southern districts of the Athenian Riviera and the center of the capital.
This is a unique and outstanding project that will improve the quality of the surrounding areas.
Kalliphea has long been a modern, lively area of the city with a well-developed infrastructure: there are many schools and kindergartens, parks and squares, playgrounds, many shops and supermarkets, cafes and restaurants.
The area is located in close proximity to the sea, but it is not difficult to get from here to the city center. This project is a modern apartment area from 36.9 to 68.87 m2, designed for a comfortable and stylish stay.
Residents of business apartments will have a unique opportunity to enjoy more than 200 sunny days a year, relaxing by a beautiful pool, which will be built in a public garden.
Inside each apartment, modern facilities will be provided, including a heating pump, electric roll blinds, aluminum frames with double glass for improved sound insulation and energy saving, as well as a new elevator with an unlock system for the safety and convenience of residents.
In addition, there are six covered parking spaces, twelve basement storage spaces and twenty-four parking spaces on the ground floor, providing comfort and convenience for all residents. Distance from Athens Airport; 38 km, from the port of Piraeus – 5 km, from the center of Athens – 4 km, from the University of Harokopeon – 1 km, from the metro station – 100 m.
The project is scheduled for 16 months after the start of work, which means that you will be able to enjoy new housing by the end of 2024.
This project is an ideal opportunity for those who appreciate modern comfort and coziness in a prestigious area of the city.
Information updated: 20.03.2024
In Greece a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Athens; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Greece finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Greece takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Athens short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (151 809 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Athens: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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