# The Ellinikon Project - Europe's Largest Development

**Author**: δημήτρις μητρομίτης

## Overview
The Ellinikon project is Europe's largest urban development, transforming Athens' former international airport into a world-class coastal destination. This comprehensive guide covers investment opportunities, timeline, and expected impact on the Athens real estate market.

## Project Details

### Location
**Address**: Elliniko, Southern Athens, Greece  
**Distance from Athens Center**: 8 km  
**Distance from Airport**: 2 km (adjacent to new airport)  
**Google Maps**: https://www.google.com/maps/search/?api=1&query=Elliniko+Athens+Greece

### Scale
- **Total Area**: 6.2 million square meters
- **Investment**: 8+ billion EUR
- **Timeline**: 2020-2030 (multi-phase development)
- **Status**: Under construction (multiple phases active)

### Development Partners
- **Lamda Development**: Main developer
- **Greek Government**: Strategic partner
- **International Investors**: Multiple global partners
- **Architects**: Renowned international firms

## Key Features

### Residential Developments
- **Luxury Apartments**: High-end residential towers
- **Villas**: Premium waterfront properties
- **Townhouses**: Modern family homes
- **Smart Homes**: Technology-integrated residences
- **Green Building**: Sustainable construction standards

### Commercial & Mixed-Use
- **Riviera Tower**: Greece's tallest skyscraper (300m+)
- **Office Spaces**: Modern business facilities
- **Retail Centers**: Shopping and dining destinations
- **Hotels**: Luxury accommodation and resorts
- **Marina**: State-of-the-art yacht facilities

### Infrastructure & Amenities
- **Parks & Green Spaces**: 2 million sqm of parks
- **Beach Facilities**: Enhanced coastal access
- **Transport Links**: Metro, tram, road improvements
- **Utilities**: Modern infrastructure networks
- **Smart City**: Technology integration throughout

## Investment Opportunities

### Property Types Available
- **Pre-Construction**: Off-plan purchases with early pricing
- **Completed Units**: Ready-to-move-in properties
- **Commercial Spaces**: Offices and retail opportunities
- **Land Plots**: For custom development
- **Investment Units**: Optimized for short-term rental

### Price Ranges
- **Apartments**: 4,000 - 8,000 EUR/sqm
- **Villas**: 6,000 - 12,000 EUR/sqm
- **Commercial**: 3,500 - 7,000 EUR/sqm
- **Penthouses**: 7,000 - 15,000 EUR/sqm

### Investment Potential
- **Capital Appreciation**: Strong growth expected (15-25% over 5 years)
- **Rental Demand**: High demand for premium properties
- **Golden Visa Eligible**: 500K EUR threshold applies
- **Lifestyle Premium**: Coastal living with urban amenities

## Project Phases

### Phase 1 (2020-2024) - Foundation
- Site preparation and infrastructure
- Initial residential construction
- Park development
- Beach enhancement
- Transport links establishment

### Phase 2 (2024-2027) - Development
- Main residential towers
- Riviera Tower completion
- Commercial centers
- Marina construction
- Smart city implementation

### Phase 3 (2027-2030) - Completion
- Final residential phases
- Hotel and resort facilities
- Full park completion
- Transportation network
- Community amenities

## Benefits for Investors

### Early Investment Advantages
- **Lower Entry Prices**: Pre-construction pricing
- **Payment Plans**: Flexible payment schedules
- **Unit Selection**: Best locations and views
- **Customization Options**: Finishing choices available
- **Capital Growth**: Appreciation as development progresses

### Location Benefits
- **Coastal Access**: Beach and marina proximity
- **City Connectivity**: Easy access to Athens center
- **Airport Proximity**: International travel convenience
- **Tourism Appeal**: High visitor numbers expected
- **Lifestyle Quality**: Premium amenities and services

### Golden Visa Eligibility
- **Investment Threshold**: 500,000 EUR minimum
- **Property Types**: Residential and commercial eligible
- **Fast Processing**: Established development with clear titles
- **Family Benefits**: Spouse and children included
- **Travel Freedom**: Schengen area access

## Impact on Athens Real Estate

### Price Effects
- **Elliniko Area**: Premium pricing, 20-30% above average
- **Southern Athens**: Spillover appreciation in nearby areas
- **City Center**: Increased demand for premium properties
- **Coastal Areas**: General uplift in coastal property values

### Market Dynamics
- **Supply Increase**: Significant new inventory entering market
- **Quality Standards**: Raising expectations for new developments
- **Investment Focus**: Attracting international buyers
- **Rental Market**: New premium rental options available
- **Development Benchmark**: Setting standards for future projects

## Considerations for Buyers

### Advantages
- **World-Class Development**: European-scale project
- **Strong Appreciation**: Expected significant capital growth
- **Lifestyle Premium**: Beach, parks, amenities
- **Infrastructure**: Modern transport and utilities
- **Investment Security**: Established developer and government backing

### Considerations
- **Construction Phase**: Ongoing construction during early ownership
- **Premium Pricing**: Higher than average Athens prices
- **Timeline Risk**: Development delays possible
- **Market Uncertainty**: New supply may affect existing values
- **Golden Visa Threshold**: 500K EUR requirement (not 250K)

## Why Invest in Elliniko?

1. **Scale**: Europe's largest urban development
2. **Location**: Prime coastal Athens location
3. **Government Backing**: Strategic national importance
4. **Infrastructure**: Comprehensive modern amenities
5. **Investment Potential**: Strong appreciation expected
6. **Lifestyle**: Beach, parks, marina, city access

## Contact Information

**Company**: Σύγχρονα Ακίνητα ΕΠΕ  
**Address**: 12 IOUSTINIANOU 17341 Athens Greece  
**Google Maps**: https://www.google.com/maps/search/?api=1&query=12+IOUSTINIANOU+17341+Athens+Greece  
**Email**: info@sygxrona.com  
**Phone**: +30 210 000 0000  
**Website**: https://www.sygxrona.com

## Professional Services

Σύγχρονα Ακίνητα offers specialized services for Elliniko investments:

1. **Property Selection**: Guide through available units and phases
2. **Investment Analysis**: ROI and appreciation projections
3. **Golden Visa Support**: Application for residency through investment
4. **Legal Coordination**: Notary and lawyer services
5. **Property Management**: Rental and maintenance services
6. **Market Updates**: Regular progress and pricing information

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Last updated: March 19, 2026
For more information, visit https://www.sygxrona.com