TAVROS (ATHENS–PIRAEUS CENTRAL CORRIDOR) · ATHENS · GREECE GOLDEN VISA PROGRAM
Izi Lux Tavros | A0131 Feasibility Report
Izi Lux Tavros
Izi Lux Tavros project — Conversion of an old building — within the scope of the αλλαγή χρήσης €250,000 lower-threshold exemption. New-build structure with 28 apartments, 3 floors + ground-floor garden. An area with a high concentration of the creative class.
Quick Overview
- Entry price:€275,000 – €340,000 · apartment 35-60 m²
- Unit types:Predominantly 1+1
- Inventory:28 units
- Rental guarantee:No brochure available — confirmation required from the developer
- Golden Visa:5-year renewable residence permit + Schengen free movement
- Energy:Unknown
- Delivery:2027 Q3 (from the previous feasibility report)
01Executive Summary & Area Analysis
Tavros is Athens' rising living corridor — between the Kallithea coastal strip and the city center, it is an area where a high concentration of creative-class institutions such as Hellenic Cosmos, the Cacoyannis Foundation and the Academy of Fine Arts pulls rental demand upward. It is positioned as the 'next hotspot' for investors who have reached the price ceiling of central housing. The Tavros metro station (Line 1) and the Pireos Avenue axis are among the most active intersection points of the Athens–Piraeus corridor development axis.
Accessibility Index
| DESTINATION | TRANSPORT | TIME |
|---|---|---|
| Tavros Metro Station (Line 1) | On foot | 8 min (600 m) |
| Pireos Avenue axis | On foot | 5 min |
| Cacoyannis Foundation | On foot | 5 min (400 m) |
| Hellenic Cosmos | On foot | 10 min (760 m) |
| Academy of Fine Arts | By car | 5 min |
| Acropolis | By car | 8 min (2.4 km) |
| Port of Piraeus | By car | 10 min (5 km) |
| Athens Riviera (Faliro) | By car | 12 min |
| Athens Airport | By car | 30 min |
02Legal Framework & Project Description
Law No. 5100/2024 — αλλαγή χρήσης Scope
Conversion of an old building — within the scope of the αλλαγή χρήσης €250,000 lower-threshold exemption. New-build structure with 28 apartments, 3 floors + ground-floor garden. An area with a high concentration of the creative class.
Project Highlights
- 3-floor, 28-apartment (35-60 m²) new-build structure
- Ground-floor apartments with private gardens
- Concentration of creative class + cultural institutions
- Tavros Metro 600 m + Pireos avenue axis
- Midpoint of the Piraeus–Athens corridor
- Within the scope of the αλλαγή χρήσης €250K exemption
03Risk Analysis, SWOT & Conclusion
| STRENGTHS (S)• Tavros 'next hotspot' positioning • Within the scope of the αλλαγή χρήσης €250K exemption • Creative class + cultural institution rental base • In an urban regeneration corridor • Metro Line 1 (600 m) — public transport strength • Acropolis 8 min + Piraeus 10 min + close to center • 28-apartment medium inventory — price flexibility • Avla Real Estate end-to-end process assurance | WEAKNESSES (W)• No brochure available — project details limited • Developer identity must be confirmed • 2027 Q3 delivery — medium-term capital lock-up • Neighborhood fabric still mixed (industrial+residential) • Parking detail unclear • Upper-segment tourist rental not yet matured |
|---|---|
| OPPORTUNITIES (O)• Tavros 'next hotspot' thesis — area regeneration accelerating • Creative class + Hellenic Cosmos clustering effect • Athens center 5.5%+ annual value appreciation • Schengen + 7-year path to citizenship • Family coverage (spouse + children + parents) advantage • Turkish investor demand growing +30% annually • Piraeus–Athens economic corridor general premium | THREATS (T)• GV threshold may rise in the future (vested rights are protected) • EUR/TRY exchange-rate volatility • Brochure missing — field data required • Tavros regeneration spread over time — requires patience • European macro shock potential |
CONCLUSION & INVESTMENT DECISION
Investment decision:POSITIVE Strategic
Izi Lux Tavros is a strategic GV position located in Tavros, Athens' rising creative-class corridor, within the scope of the αλλαγή χρήσης €250K threshold exemption. The 28-apartment new-build structure has strong public transport access, with Tavros Metro (Line 1) 600 m away and a 5-minute walk to the Pireos Avenue axis; the creative-class clustering of Hellenic Cosmos, the Cacoyannis Foundation and the Academy of Fine Arts draws structural rental demand to the district. The 'next hotspot' thesis holds for investors who have reached the Athens center price ceiling; however, since brochure details are limited, questions of developer identity, delivery date, energy class and rental guarantee should be confirmed with the developer.
Download the PDF version of this report
PDFA0131_Izi_Lux_Tavros_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.
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