FAQs
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.
No, there are no restrictions in buying a residential property in The Ellinikon associated to the purchaser’s country of origin.
Once the property has been completed and handed over to its owner, the owner is free to dispose their property at will without any restrictions.
There might also be limitations on the minimum time for renting out a property according to the HOA Bylaws, aiming to safeguard the privacy of the residents and the exclusivity of the project. The majority of the projects in Little Athens are not expected to have any restrictions on minimum rental period.
Yes, the buyer of a property in The Ellinikon can apply for a Golden Visa, according to the current legislation, where the minimum value of the property is €800,000.
Specifically, non-citizens who will pay the purchase price or make a 10% deposit or sign a preliminary contract or private purchase agreement, proving the relevant credits by August 31, 2024 can complete their investment until December 31, 2024 with a minimum property value of €500,000.
Read more here.
Yes, there is a payment plan in place since all our residential projects are sold off-plan. To reserve a property, the purchaser pays the reservation fee (typically 10% of the purchase price). Then, on signing the SPA, the purchaser pays another 10%-15% of the purchase price, followed by regular instalments which are based on achievement of predefined construction milestones of the project. Typically, each instalment is paid every 5-8 months (approx. 6 months on average) and ranges between 10% and 20%. The last instalment is paid upon handover of the property to the Purchaser.
Yes, parking spaces and a storage room are included in the sale price of a property depending on its typology (number of bedrooms). Typically, 1 bedroom apartments come with one (1) parking space, while the larger ones with two (2) or three (3) in some cases. These parking spaces are at secured below ground levels with direct access to the buildings. In some projects, there are also some visitors parking spaces within the plot. Outdoor parking spaces for guests and visitors can be found on-street in the wider area of Little Athens. Also, a storage room on basement level is also allocated to each apartment, the size of which varies depending on the apartment’s typology.
The method of payments of all amounts is via bank transfers to the Seller’s bank account. The Seller may accept bank cheques only for the instalment paid upon signing of the SPA. The only proof of payment of any amount is the bank statement of the Seller’s bank account.