AGIOS IOANNIS RENTI (ATHENS-PIRAEUS CORRIDOR) · ATHENS · GREECE GOLDEN VISA PROGRAM
Ag. Ioannis Renti | A0126 Feasibility Report
Ag. Ioannis Renti
The Ag. Ioannis Renti project — a completed residential conversion from a former commercial building — Law 5100/2024 αλλαγή χρήσης €250,000 lower-threshold exemption. Finished and delivery-ready — the GV application can be started immediately.
Quick Overview
- Entry price: €250,000 – €280,000 · apartment 35-55 m²
- Unit types: 1+1
- Rental guarantee: Unclear — developer verification required
- Golden Visa: 5-year renewable residence permit + Schengen free movement
- Delivery: Completed (ready for delivery as of February 2026)
01Executive Summary & Area Analysis
Agios Ioannis Renti is a strategic neighbourhood located in the development corridor between central Athens and the port of Piraeus, connecting Greece's two main economic centres. The area is transforming into a new business hub with large retail complexes such as Village Cinemas, IKEA and Leroy Merlin and a rapidly rising density of technology startups. Direct access to the Kifisos and Pireos motorways draws a workforce base from the logistics and services sectors to the district.
Accessibility Index
| DESTINATION | TRANSPORT | TIME |
|---|---|---|
| Renti suburban train station | On foot | 8 min (600 m) |
| Kifisos Motorway | By car | 5 min |
| IKEA / Village Cinemas / Leroy Merlin | By car | 5 min |
| Port of Piraeus | By car | 10 min |
| Athens City Centre | By car | 10-15 min |
| Acropolis | By car | 12 min |
| Athens Riviera (Faliro) | By car | 12-15 min |
| Athens Airport | By car | 35-40 min |
02Legal Framework & Project Description
Law No. 5100/2024 — αλλαγή χρήσης Scope
A completed residential conversion from a former commercial building — Law 5100/2024 αλλαγή χρήσης €250,000 lower-threshold exemption. Finished and delivery-ready — the GV application can be started immediately.
Project Highlights
- Completed (finished) property — the GV application starts the moment of the title deed
- Conversion of a former commercial building into residential use (αλλαγή χρήσης)
- 1+1 apartments in the 35-55 m² range
- On the development axis of the Athens-Piraeus corridor
- Kifisos motorway + suburban train access
- Low entry threshold (€250-280K band)
03Risk Analysis, SWOT & Conclusion
| STRENGTHS (S)• Finished property — no capital-freezing risk • GV application the moment of the title deed — fast citizenship timeline • Within the αλλαγή χρήσης €250K exemption • Athens-Piraeus economic corridor strategic location • Low entry threshold — €250K band • Logistics/retail density — stable rental demand • Avla Real Estate end-to-end process assurance | WEAKNESSES (W)• No presentation file — project details limited • Some parts of the neighbourhood fabric are industrial/mixed • The exact number of units and apartment details are unclear • Upper-segment tourist rental potential is low • Parking situation is not clear |
|---|---|
| OPPORTUNITIES (O)• Estimated annual value appreciation of 5.5%+ in central Athens • Tech & logistics demand growth in the Piraeus-Athens corridor • Completed property — can be rented out immediately • Schengen + 7-year path to citizenship • Family inclusion (spouse + child + parent) advantage • Turkish investor demand growing +30% annually | THREATS (T)• The GV threshold may rise in the future (vested rights are protected) • EUR/TRY exchange-rate volatility • The Renti neighbourhood has a mixed fabric — the district's appeal is relative • Tightening trend in Airbnb regulation • Potential European macro shock |
CONCLUSION & INVESTMENT DECISION
Investment decision: POSITIVE Defensive
As a finished property, Ag. Ioannis Renti is a defensive position on the development axis of the Athens-Piraeus economic corridor, in the lowest entry-threshold band (€250-280K), offering a start advantage at the moment of the title deed in the GV application process. There is no capital-freezing risk and the GV application can be started immediately; thanks to the finished structure, construction risk is eliminated and rental income can begin from the first month after the title deed. The area's industrial-retail mix provides a reliable base for mid-segment rental demand. Because the presentation file is limited, a site visit before delivery and verification of developer data are recommended.
Download the PDF version of this report
PDFA0126_Ag_Ioannis_Renti_Renti_Fizibilite_v11.pdfOpen the full report↗Contact — realestate@avla.com.tr · +90 532 282 2657 · Avla Gayrimenkul A.Ş.
A senior economist, graduate of Université Paris 1 Panthéon-Sorbonne, and a graduate of Istanbul University Business Administration with 33 years in business; founder of Avla. Today the focus is Greece: homes for Golden Visa and for investment. He reads every shortlist and every agreement himself.
Founder profile →
