Pearl Residences — Feasibility Report
- M. Sami Akbeniz
- 4 days ago
- 2 min read
PERISTERI · WEST ATHENS · GREECE GOLDEN VISA · INVESTMENT FEASIBILITY
Pearl Residences — Feasibility Report
Pearl Residences is a modern boutique residential project at Plapouta 17 in Peristeri, one of West Athens’ liveliest and fastest-growing districts. The ground-plus-four-storey building holds 10 apartments, all two-bedroom, one-bathroom layouts — with the metro station just a 2-minute walk from the door.
Our thesis is clear: a 2-minute walk to the metro and a 5 km distance to central Athens make these two-bedroom apartments, starting from €260,000, an accessible, Golden Visa-eligible entry point into West Athens’ strengthening rental market.
The Project
The project spans five levels (ground + 4 floors). All 10 apartments are two-bedroom, one-bathroom units; standard apartments measure 44 m², while the ground-floor I1 unit measures 60 m² (sold). Each floor holds two apartments — Type A (left) and Type B (right).
According to the June 2026 pricelist, 6 of the 10 apartments are already sold; the 4 remaining units are priced between €260,000 and €275,000. The most affordable entry is ground-floor unit I2 at €260,000. Completion is scheduled for March 2027.
Unit Mix and Prices
Criterion | Detail |
Total apartments | 10 (all 2-bedroom, 1-bathroom) |
Floor structure | Ground + 4 floors (5 levels) |
Apartment size | 44 m² (ground-floor I1: 60 m² — sold) |
Units available | 4 (GF/I2, A2, B1, C1) |
Price range | €260,000–€275,000 |
Most affordable unit | GF/I2 — €260,000 |
Sales status | 6 of 10 apartments sold |
Completion | March 2027 |
Location: The Metro Advantage
Peristeri is one of West Athens’ largest and most vibrant municipalities. The project sits a 2-minute walk from the metro station and bus stop, with all daily amenities 1 minute away. Central Athens is 5 km away and Piraeus port 10 km; Athens International Airport is roughly a 27-minute drive.
The location’s real value lies in how fully daily life can run on foot and by metro. The metro connection makes the apartments attractive to a broad pool of tenants working in the city centre and lowers vacancy risk.
Investment Assessment
New-build stock in Peristeri is limited; compact two-bedroom units form the market’s most liquid segment, appealing to young couples, small families and flat-sharing tenants alike. The sales pace on the pricelist (6 of 10 sold) shows the pricing has been validated by the market.
New housing within walking distance of the metro sees strong long-term rental demand, and the 5 km proximity to central Athens supports resale liquidity. Based on Avla’s portfolio positioning, the project is eligible for the Greece Golden Visa programme.
Risks and Notes
Completion date: March 2027; construction timelines can slip.
Fittings: Furniture, lighting accessories and electrical appliances are not included in the price and are available at additional cost.
Availability: The pricelist is dated 22 June 2026; current availability should be confirmed on the listing page.
For the current unit list, floor plans and price details of Pearl Residences, see the listing page: Pearl Residences — Peristeri, Athens. From Golden Visa application to title deed transfer, the Avla Gayrimenkul A.Ş. team is with you at every step.
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