SOUTH B.1 — Feasibility Report | Agios Dimitrios €299,000 Garden Apartment

M. Sami Akbeniz
1 day ago
3 min read

AGIOS DIMITRIOS · SOUTH ATHENS · GREECE GOLDEN VISA PROGRAM — FEASIBILITY REPORT

SOUTH B.1 — Feasibility Report

A €299,000 fully-furnished garden apartment in Agios Dimitrios, South Athens — the last available home in the SOUTH residence, and a clean entry into the Greek Golden Visa via the €250,000 change-of-use route. This report sets out the numbers, the process and the risks.

SOUTH B.1 — 2-Minute Audio BriefAvla Gayrimenkul A.Ş.

2:09

Snapshot

Entry price: €299,000 — unit B.1, the last available home
Unit: 1-bedroom garden apartment, fully furnished (turn-key)
Areas: 46.30 m² internal + 60.00 m² private exclusive-use garden = 106.30 m² total
Inventory: 46 apartments (43 × 1-bed, 3 × 2-bed) — only B.1 remains
Golden Visa: eligible via the €250,000 change-of-use route — 5-year renewable permit + Schengen free movement
Specification: Energy Class B · heat pumps · Grohe sanitary ware · European open-plan kitchen · double glazing
Delivery: November 2026 (with a three-month grace period) · Developer: Zafido

Location & accessibility

Agios Dimitrios is a dense, residential South-Athens municipality on Metro Line 2, bordering Alimos and the Athens Riviera. All distances are measured from the SOUTH residence on Grigoriou Moschopoulou 21.

Destination	Mode	Distance / time
Shops & restaurants	On foot	150 m
School	On foot	750 m
Metro (Line 2)	On foot	1.8 km
Seaside / Alimos Marina	Short drive	1.6 km
Shopping mall	Short drive	2.4 km
Athens Int. Airport	By road	25.7 km

The investment math

Indicative acquisition costs for a resale/transfer-tax purchase (Greece currently applies transfer tax rather than VAT on residential transactions through 2026). Final figures depend on the deed structure — confirm with Avla and your lawyer.

Item	Indicative amount
Purchase price	€299,000
Transfer tax (≈3.09%)	~€9,200
Notary, legal & land registry (≈3–4%)	~€9,000–12,000
Total cash-in (indicative)	~€317,000–320,000

Indicative rental return

Agios Dimitrios is a long-let market. A furnished one-bedroom near the metro can target the following — indicative, not guaranteed:

Metric	Indicative
Long-let rent (furnished)	€700–800 / month
Gross annual rent	€8,400–9,600
Gross yield on purchase price	~3%
Hold to maintain the Golden Visa	5 years (renewable)

The thesis is residency first, stable yield second: a turn-key asset in a year-round rental district that also unlocks EU residence for the family — at well under the €400,000 mark.

The Golden Visa route

Agios Dimitrios is in Attica, where the standard threshold is €800,000 (single property, ≥120 m²). SOUTH qualifies through the €250,000 change-of-use (αλλαγή χρήσης) pathway — the conversion of a commercial building into residences — and B.1 at €299,000 clears that threshold with margin.

Step 1: reserve B.1 and sign — typically a ~10% deposit
Step 2: obtain an AFM tax number and open a Greek bank account (can be done by power of attorney, without travelling)
Step 3: complete the purchase and submit the residence-permit application
Step 4: receive a 5-year renewable permit — spouse, children under 21 and dependent parents included

Risks & notes

Off-plan delivery: delivery is scheduled for November 2026 with a three-month grace period; payments are staged against construction milestones.
Threshold compliance: the €250,000 change-of-use route requires the unit to be delivered as residential — Avla’s legal team structures and verifies this before you commit.
Indicative figures: rents, yields and acquisition costs above are estimates for guidance; they are not a guarantee of return.
Single unit: B.1 is the only remaining home in the building — availability is not guaranteed until reserved.

The unit: SOUTH B.1

A garden-level (BKL 0) one-bedroom apartment: a European open-plan kitchen and living-dining space opening onto a private 60 m² garden, one double bedroom and a full bathroom with Grohe fittings — delivered fully furnished. View the full SOUTH listing and gallery here.