Greeks and diaspora Greeks make up the majority of prospective home buyers in Elliniko, with up to 85% of the 16,000 interested parties of Greek origin, Lamda Development reported at the eRed Business Forum on Tuesday. The remaining 15–20% of buyers come from 110 countries worldwide.
Alexandros Moulas, Lamda’s commercial director, said 40% of buyers are investing, 30% seek a primary residence, 20% a holiday home, and a small percentage aim to obtain residency via the Golden Visa program.
Lamda collected €312 million in pre-sales and advances on residential projects in 2024 and expects €286 million more this year. For 2025, the company forecasts €550 million in residential revenues.
Development is focused on the “Little Athens” neighbourhood near Alimos, where five residential complexes and a 50-story tower (Park Rise) are planned. The area will include 1,100 apartments and 100 shops.
Of the 559 apartments on the market, 81% have been pre-sold or reserved, with average prices between €7,200 and €11,000 per square metre.
Three additional plots totalling 39,000 sqm are set to be sold in May for further residential development.
Source: Ekathimerini.
