FAQs
Little Athens is a neighborhood, like any other in Athens and Greece, open to anyone with public roads, pedestrians and cycling lanes. Anyone can access the area without any restrictions. The various developments within Little Athens might have parts that are accessible to everyone (e.g., the retail component, such as supermarket, cafes, restaurants, bakery etc.) and other parts that are accessible only to the residents and their guests, in order to maximize their safety and privacy.
Little Athens is planned to be developed in the first two phases of The Ellinikon, since it comprises numerous urban blocks and covers a large area where this new and vibrant neighborhood will be developed. Phase 1 of Little Athens is planned to be completed in 2027 - 2028 together with the majority of the rest of Phase 1 projects of The Ellinikon.
Given the large scale and development phasing of Little Athens, there will be various construction companies that will be constructing the various projects within the neighborhood. The invitation, assessment and award of the construction companies will be the result of a rigorous and transparent tendering process to be held by Hellinikon SMSA, an 100% subsidiary company of Lamda Development SA, where local and/or international construction companies will be invited to participate, subject to the nature and complexity of each project.
Depending on the project, there might be certain amenities for the private use of specific apartments, such as private ground floor gardens, roof gardens, swimming pools or Jacuzzis. There might also be amenities that are for the communal use of all residents in a project, such as fitness area / gym, swimming pools or lounge areas. The above are included in the sale price of a property. With regards to the communal amenities, residents will need to cover all their operational and maintenance costs through the service charges that are split among all residents, typically on a monthly basis.
No, the layouts of properties cannot be modified either internally or externally. The property will be constructed according to the layout shown in issued building permit.
No, the material and finishes of the apartments and building are set by the architect in order to achieve the desired aesthetic and architectural result, therefore, they cannot be modified by the Purchaser. In some cases, buyers might be able to choose different materials from a pre-defined list prepared by Hellinikon SMSA, that may come at an extra cost. This extra cost will be communicated to the buyers to make their choice.
The property and the communal areas of the building shall be fit for use and occupancy. Furthermore, the plot where a building sits will be accessed through a structured and functional road network.
Please click here to review the Residential Property Sales Process.
Purchasers are free to choose how they wish to purchase their property, either as individuals or via a Greek or foreign legal entity. The Purchaser can sign the Reservation Agreement either as individual or legal entity, in which case, the Sale & Purchase Agreement should be signed by the same physical/legal entity, or parent, child or spouse or a legal entity where the entity that signed the RA holds more than 50%.
No, there are no restrictions arising from the property itself or the Sale & Purchase Agreement (SPA) that would not allow a purchaser to apply for bank financing for the purchase of their property.