A hotel-style apartment, registered in your name, in the heart of Athens’ tourist district.
An investment in a project with high expected returns at prices simply unheard of in Israel
Starting from
90,000
€
Meet the Averof Project
The project comprises 34 hotel-style apartments in a prime location in the heart of Athens:
In the western part of the Exarchia neighborhood
Close to museums, entertainment venues, tourist attractions, and archaeological sites
Within walking distance of metro stations and several major universities
The project features public spaces that include a luxurious rooftop with an outdoor kitchen, seating areas, and a hot tub, as well as a communal recreation area and a wellness floor for fitness training, Pilates, and yoga.
The standards and amenities of a luxury hotel – in an apartment that is 100% yours.
With Palmo, I’ve finally found an investment that’s actually an investment—not just another job. From the moment I signed up, they’ve taken care of everything, including the rentals, and I just watch the money roll into my bank account back home.
You don't have to look far to diversify your investments
Just a 90-minute flight from Israel, you’ll find an exceptional investment opportunity with significant benefits:
High returns on short-term rentals Central location
And Athens’ pleasant weather makes it possible to rely on tourist rentals* all year round.
*In certain areas and subject to regulations
A tax break that leaves you with more money in your pocket
There is no capital gains tax in Greece, and thanks to a unique tax treaty that exists with almost no other country, you won’t pay capital gains tax in Israel either. What does this mean? 0% capital gains tax and more money left in your pocket
Low investment amount
An amount that wouldn’t even be enough in Israel to cover the down payment on a small apartment would be enough in Athens to buy a new apartment in a central location
The Right Timing
The market is rising steadily—it’s a great time to invest in Athens. The recovery from the economic crisis is steady, real estate prices are rising steadily, yet they’re still far from their pre-crisis levels—now is the perfect time to invest!
Why invest in Athens?
Athens, a European metropolis with a rich history spanning 4,000 years, combines culture, commerce, architecture, and tourism. It is one of the few destinations in Europe that attracts tourists year-round, with more than 8 million visitors annually.
Its proximity to Israel makes investing convenient—you can visit the property and return the same day at a low cost, while taking advantage of attractive prices not found in Israel. Despite the geographical proximity, Athens’ master plans and economic models are completely different from those in Israel.
Now that we’ve decided on Athens, let’s pick the best spot in the city!
The central location is ideal for tourism and offers high potential for returns. We’ve talked about “a quick trip to Athens”—just think how easy it is to go on vacation when you already have a hotel-quality apartment waiting for you in a central location in the city. And last but not least—peace of mind.
The downtown area is safe and welcoming to visitors in general and to Israelis in particular—we’re always welcome there!
Invest with peace of mind—with Palmo
Palmo brings you a proven track record of dozens of projects and hundreds of investors who are already enjoying successful real estate investments.
The experience
Over 40 completed projects
Investors
Over 300 satisfied investors
The Process
Full transparency every step of the way
Security
Your money is held in an external escrow account until ownership is transferred
Stability
Palmo is the project developer; there are no real estate agents involved
The shell
From the initial consultation to managing your new property—we’re with you every step of the way
Introduction
An Israeli team to assist you, and a Greek team to handle local coordination
The Standards
All of Palmo's projects are characterized by high construction standards and meticulous attention to detail, both big and small
"Many investors are torn between which type of property to invest in: high-yield short-term rentals or stable long-term rentals? With the AVEROF project, thanks to the combination of its central location and proximity to universities, there’s no need to hesitate—you can explore, compare, adjust based on the season, and decide which rental option suits you best. All of this, with no effort on your part—Palmo takes care of everything."
When it comes to the AVEROF project, the combination of its central, strategic location and high-quality construction makes the choice a no-brainer. You don’t have to lift a finger—Palmo takes care of everything!
We are Palmo
At Palmo, our expertise lies in identifying real estate opportunities with the most promising and profitable potential and creating smart, secure investments for both the short and long term. Palmo is a development company specializing in real estate investments and development in Greece, with over 300 apartments delivered throughout the city of Athens.
The Averof project joins the list of successful projects that showcase the company’s unique capabilities, featuring a prime location that even hotels are eyeing, along with attractive prices and high expected returns.
The secret to our success at Palmo is identifying real estate opportunities that will provide the highest return on your investment
We’ve refined our focus on high-demand areas, raised our standards, and streamlined the process—an experienced Israeli team will meet with you in Israel or Greece, assist you in Hebrew from the moment you contact us and even after you receive the keys to your property.
