Peristeri Residences | A0144 Feasibility Report

M. Sami Akbeniz
May 31
3 min read

Updated: May 31

PERISTERI (ATHENS'S SECOND-LARGEST MUNICIPALITY) · ATHENS · GREECE GOLDEN VISA PROGRAMME

Peristeri Residences

Peristeri Residences — the brochure explicitly states 'CHANGE-OF-USE PROJECT' — under the αλλαγή χρήσης €250,000 lower-threshold exception. A multi-level structure (basement + ground + 1st + 2nd floor), a mix of maisonettes + apartments. June 2026 delivery.

Quick Overview

Entry price:€250,000 – €300,000 · apartment 28-81 m² (maisonette 46-81 m² / apartment 28-43 m²)
Unit types:predominantly 1+1, maisonette 1+1
Inventory:16 units
Rental guarantee:No rental guarantee stated in the brochure
Golden Visa:5-year renewable residence permit + Schengen free movement
Energy:A Energy Class
Delivery:June 2026 — short-term delivery

01Executive Summary & Area Analysis

Peristeri is Athens's second-largest municipality — a dynamic area that is safe and preferred by families, combining the amenities of city life with the calm of neighbourhood living. With its location close to 3 different metro stations and a main transport artery, access to Athens centre and key points is easy. Peristeri's centre and market are a 7-minute walk away, drawing a family-friendly profile + a mid-tier professional rental base to the area.

Accessibility Index

DESTINATION	TRANSPORT	TIME
Peristeri centre and market	On foot	7 min
Peristeri Metro Station (Line 2)	On foot/By car	8-10 min
Athens City Centre	Metro/Car	15 min
Flisvos Marina (start of the Athens Riviera)	By car	~30 min
Port of Piraeus	By car	30 min
Acropolis	Metro/Car	20 min
Athens Airport	By car	35 min
Mount Aigaleo parks	By car	~15 min

02Legal Framework & Project Description

Law No. 5100/2024 — αλλαγή χρήσης (Change-of-use Project) Scope

The brochure explicitly states 'CHANGE-OF-USE PROJECT' — under the αλλαγή χρήσης €250,000 lower-threshold exception. A multi-level structure (basement + ground + 1st + 2nd floor), a mix of maisonettes + apartments. June 2026 delivery.

Project Highlights

α Change-of-use Project (αλλαγή χρήσης)
Multi-level structure: rear lower ground + ground + 1st + 2nd floor
Total inventory of 16 apartments (maisonettes + apartments)
A Energy Class + heat pump + solar panels
Double glazing with thermal barrier + 10 cm exterior facade insulation
Fully furnished + with white goods, turnkey
Steel door + lift + parking + gym
Maisonettes 1-4 (46-61 m²) — basement + ground combination
June 2026 delivery — short-term delivery advantage
Family-friendly neighbourhood + 3 metro stations nearby

03Risk Analysis, SWOT & Conclusion

STRENGTHS (S)

• Athens's second-largest municipality — safe family profile • Under the αλλαγή χρήσης €250K exception — entry threshold €250K • June 2026 delivery — short capital lock-up • A Energy Class + premium technical specification • Turnkey furnished — immediate rental • Gym + parking + lift — modern amenities • Access to 3 different metro stations • Low entry threshold (€250K) — within budget

WEAKNESSES (W)

• No seafront/marina frontage — limited tourist premium rental • Peristeri centre is not in the prestige segment • Most units are 'SOLD' — limited supply • Small apartment floor areas (28-30 m²) • Metro walking time unclear (8-10 min)

OPPORTUNITIES (O)

• Athens centre annual value appreciation of 5.5%+ • Schengen + 7-year path to citizenship • Family inclusion (spouse + children + parents) advantage • A within-budget GV alternative for Turkish investors • Peristeri family profile — long-term stable rental • Position at the western tip of the Athens-Piraeus-Riviera triangle • Mount Aigaleo green-axis effect

THREATS (T)

• The GV threshold could rise in the future (acquired rights are preserved) • EUR/TRY exchange-rate volatility • Peristeri is weak in the tourist premium segment • Trend toward tightening Airbnb regulation • Limited liquidity in the upper segment • Potential for a European macro shock

CONCLUSION & INVESTMENT DECISION

Investment decision:POSITIVE Defensive

Peristeri Residences is a 16-apartment new-build conversion project in Peristeri, Athens's second-largest municipality, under the αλλαγή χρήσης (Change-of-use Project) framework. With A Energy Class, a heat pump + solar panels, double glazing, a steel door, a lift, parking and a gym as part of a modern amenity package, the fully furnished, white-goods-equipped turnkey building gives the investor the ability to move immediately to rental income. Under the αλλαγή χρήσης €250K exception, it is one of the most affordable within-budget GV alternatives (the €250-300K band); the June 2026 short-term delivery minimises capital lock-up risk. Access to 3 different metro stations and the 7-minute walk to Peristeri's centre + market draw a family-friendly, long-term rental base to the area. Most units being 'SOLD' confirms the strength of demand; for the Turkish investor with a budget in the €250-300K band who is seeking long-term stability, it is a defensive position.