LAMDA Development’s team recently visited Australia to promote residences in The Ellinikon, the major redevelopment project on the site of Athens’ former airport. The visit comes as Australians emerge among the top three groups of foreign buyers, newsmoney.gr, has reported.
Americans – many of them of Greek descent – lead with 21% of total foreign purchases, followed by Britons at 11%, and Australians in third place with 9%. Canadians and Germans round out the top five nationalities investing in the project.
According to data from the investment body overseeing the redevelopment in Athens’ southern suburbs, international interest remains strong, with potential buyers from 110 different countries expressing intent to invest.
In response, LAMDA has intensified global presentations of The Ellinikon in recent months, targeting even more distant markets.
The company aims for the first homeowners – likely those in the low-rise residences near the coastal front – to move into their properties between late 2026 and early 2027.
The Ellinikon project, one of Europe’s largest urban regeneration initiatives, is transforming the former airport site into a modern coastal city featuring luxury residences, green spaces, and commercial areas, attracting international investors seeking both lifestyle and opportunity in Greece’s booming real estate market.
Source: newmoney.gr
