THALATTA.realty is dedicated to large real estate projects related or being part. Such properties, often are intended for hospitality city or resort projects of an LCET (Luxury Curated Experience Touring) character, often including yachting investing, sometimes including condominiums associated to a hotel business. Large real estate investments in Greece often also refer to Athens or Thessaloniki housing or office developments and commercial projects and even urban inner city redevelopments, while many investments are intended as industrial spaces and logistics and industrial level storage facilities.
These type of projects, would attract very substantial co-financing, possibly equity financing and certainly Greek bank lending on extremely beneficial for the borrower terms, while any such financing would be greatly augmented via subsidised interest, subsidised wages and HSS related costs and a very dynamic, environment related and international promotion connected, subsidies’ program, financed by the GG (Greek Government) and the EU.
The TTUK team of experts would consult, advise and facilitate investors in every step of their Greek projects, including bank mortgaging or bank lending facilitation and GG and EU programs applications.
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Ag.Paraskevi, Athens, Greece
A unique and exceptional penthouse maisonette of 165 m2, plus a 39 m2 terrace, (5th and 6th floors), with underground parking and lift to all floors, in Atrium Residence, in the Agia Paraskevi suburb of Athens.
The Atrium development is close to Deree, the American College of Athens and 20 minutes’ drive distance from both the airport and the historical Athens centre, either by Metro or by car, with public transport stops close by, including trolleys and busses. The sea, the beaches and the Athenian Riviera are just 20 minutes’ drive away, too.
On the 5th floor, the apartment offers 2 double bedrooms, with en suite walk-in dressing rooms, sharing one family bathroom and a separate WC, (with a potential to make both bedrooms into en-suite ones, by sacrificing one of the walk-in dressing rooms), a large open plan kitchen, dining and living rooms accessing the superb (39 m2) terrace of ample dining and entertainment space, plus a jacuzzi, for relaxing under the Athenian sunny days and evening nights.
On the 6th floor, interconnecting by internal staircase, there is one (1) extra bedroom, a separate bathroom, a ‘’study’’, which could easily be used as a single bedroom and large (two double bedroom equal) entertainment space, with kitchen facilities, a space which could be reconfigured to sleeping quarters.
The apartment is, naturally, in an anti-earthquake reinforced concrete building and it is equipped with energy-efficient double glazed aluminium systems, a steel-reinforced security door, a Multi Air-conditioning system, and LED lighting installation throughout. The property could be delivered with all kitchen and bathroom furniture, without any appliances and unfurnished.
This very sought after property, is of a present value (in excess of € 800,000), which would easily facilitate the securing of a 5-year (renewable) Greek Golden Visa (GGV) for the owner and all his family, allowing unencumbered movement within the Shenghen Area of the EU. If a GGV is desired, then the property would have to be purchased in cash, from either personal savings or bank finance in the buyer’s country of origin. It must be remembered that, GGV attached properties cannot be used as an income producing asset.
However, if a GGV is not required, then Greek banks would be happy to finance this property’s acquisition, offering mortgage finance for up to 65% of the property’s value, at an interest rate starting at 2.4%, for up to 20 years repayment. In such a case, one would be able to let the property to third parties or even to use it as an AirBnB-type STR (Short Term Rentals), operated either by oneself or via a specialist operator. In this case, of not making use of the Greek Golden Visa option, you could actually generate income by offering it as an AirBnB apartment or leasing the acquired property (maybe to an AirBnB type operator) or as a long term renting it to third parties.
Strong evidence and proof of this, is that the developers themselves, would be ready to sign a 5 year leasing contract with you, for managing and letting your property, with a guaranteed interest of 4% of the acquisition value of the property, per annum. In this case, they would undertake all furniture, decorations and appliances, at their own cost, with no cost to you. The developers are hoteliers as well and are therefore licensed to manage any suitable properties, like this one, as hospitality outlets.
On the mortgaging issue, we would be delighted to introduce you to top mortgage brokers, who would be able, free of charge, to successfully handle your mortgage application to any of the high-street Greek banks.
Thalatta.homes, part of Thalatta-Thalatta (UK) Ltd. or TTK for short, is a buyers’ Agent, exclusively, and will support you in deciding which property would be the most suitable for your investment in Greece, consulting and advising you on all aspects of the acquisition and/or fully- decorating and finishing your perfect Greek home.
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Apart from the size and the penthouse effect, the Atrium Residence splendid advantage is its location.
The Atrium Residence’s high endowment quality, geographical location-wise, is access to the best commuting choices, an Athens location could provide. its proximity close to Metro stations, affording direct access to both the Athens airport and to the Athens centre, for example the Syntagma Square. It would take one with a car, some 20 minutes to reach the airport, 20 minutes to the centre of Athens and its many other neighbourhoods and some 30 minutes to reach the Athenian Riviera. The Athenian Riviera is a stretch of some 70 kl oof south and south-eastern cost of Attica, its tens of beaches and facilities, golf courses, marinas, day or night life-style entertainment, restaurants and eateries, and the famous € 8 Billion, Monte Carlo like, Ellinikon Development, its marina, its casino, its beaches, its extensive (double the Hyde Park in size) parkland and massively luxurious shopping malls.