Brief summary:
New construction in Athens offers modern standards, contemporary design, a warranty, and higher rental potential compared to older properties. When the project is located in a developing area and has an attractive entry price, it can combine returns with capital appreciation.
Investing in Athens typically involves urban renewal: investors identify an old building, purchase it, renovate and furnish it, and then sell it. After the purchase, the investor can use our services to continue managing the property and enjoy the best of both worlds— both an increase in the property’s value and a steady return from renting it out.
But this time, it's different.
For the first time, we’ve managed to secure a plot of land at an exceptionally rare opportunity, at a price significantly below market value. The lot currently has an existing building shell, and there is tremendous excitement about bringing a real development project to life—one in which we are involved in every stage of planning, with maximum flexibility that allows us to offer investors relatively spacious apartments, featuring a huge balcony, the option for parking and a storage unit, smart and modern design— all at a price approximately 25% below market value (check us out!).
This is an ideal opportunity for investors who appreciate the added value of purchasing a spacious apartment with a balcony—including the option for parking and storage—brand-new (a rarity in Athens and the surrounding area)—in a neighborhood with a middle-to-upper socioeconomic profile, offering easy access to Athens’ tourist center.
Let's dive into the really interesting data:
Chalkidona – a neighborhood in Athens with potential for appreciation and attractive returns
The Nea Chalkidona neighborhood is located near the city center and offers a combination of a quiet and pleasant residential environment with excellent access to major transportation routes and metro stations (just about 10 minutes from the city center). The neighborhood enjoys quick access to central areas, business hubs, and universities, alongside well-developed community infrastructure that includes educational institutions, parks, medical centers, restaurants, and cafes.
The area attracts young families and people looking for a relaxed urban environment. The neighborhood is considered a magnet for the middle class, thanks to its quiet atmosphere and proximity to the Valleys region.
The Project: A brand-new 5-story building featuring 2- to 4-bedroom apartments, a large balcony in every unit (averaging 26 square meters!), the option for covered parking, smart energy management and security systems, and the option for a storage unit.
The project offers high-quality construction —a stylish lobby, a rooftop area for all residents, and more.
High return potential: The neighborhood features excellent educational institutions, shopping centers, public transportation, and community services. Given the infrastructure upgrades and revitalization projects underway in the neighborhood, property values are expected to rise significantly—especially for a new, modern, and visually striking project like the one we are offering.
The Price Advantage: Apartment prices in the “Halkidona” project start at €110 for a two-bedroom apartment with a balcony and the option of covered parking—let us know if you’ve managed to find an apartment in a new project at this price.
The Opportunity: You can purchase larger apartments, with up to four bedrooms—a rare find in Athens—that can serve as a family vacation home or a getaway from the daily grind that sometimes engulfs us.
(Images for illustrative purposes only)
In recent years, Athens has established itself not only as a leading tourist destination but also as a strategic real estate investment hub. The city, a European metropolis with a 4,000-year history, attracts over 8 million visitors annually and enjoys year-round tourism. For Israeli investors, the geographical proximity allows for a same-day visit to the property at a low cost—a significant advantage in managing an overseas investment. And don’t believe everything you hear in the news; anyone who has been to Athens knows that the overwhelming majority are pro-Israel and welcome us with open arms.
The project offers a very limited number of 34 apartments—now is your chance to secure an apartment in a brand-new project unlike anything we’ve offered before. As Pini Gershon, who has also joined the project, notes: “When I was coaching in Athens, I saw properties selling like hotcakes at prices that won’t return—but at the time, I was afraid to invest. In hindsight? That was a mistake.”
Haven't met us yet?
Palmo – Real Estate Investments in Greece was founded by Peleg Yariv and Aviv Cohen, and since its inception has assisted hundreds of Israeli clients who have already purchased property in Greece. To date, over 40 buildings have been purchased and constructed in a variety of central locations and prime areas in Athens, most as part of urban renewal projects. In the complexes built by Palmo, there is an emphasis on quality, modernity, and adapting public spaces to the needs of the times and the well-being of the residents.
