MAROUSI (NORTH ATHENS BUSINESS CENTER) · ATHENS · GREECE GOLDEN VISA PROGRAM
Perikleous-Rodou Marousi | A0134 Feasibility Report
Perikleous & Rodou — Marousi
Perikleous & Rodou — Marousi project — A complex of three buildings: restoration of the central historic mansion + two newly built buildings. A mix of restoration and new construction — a combination of αλλαγή χρήσης and a listed building; the €250,000 lower threshold exemption applies.
Quick Overview
- Entry price:€280,000 – €350,000 · apartment 35-58 m²
- Unit types:Predominantly 1+1 (from previous records)
- Rental guarantee:Brochure not available — passive corporate rental base is strong
- Golden Visa:5-year renewable residence permit + Schengen free movement
- Energy:A Energy Class (from previous records)
- Delivery:2028 Q1 (from the previous feasibility report)
01Executive Summary & Area Analysis
Marousi is North Athens' most prestigious business and living center — the 'kingstone' (keystone) district of Athens where OTE/Vodafone HQ, the OAKA Olympic Stadium, The Mall Athens, and Marousi Metro Station intersect. Demand is intense (most units reserved quickly), and the rental market is corporate-professional based; international firms, embassy personnel, and senior management structurally drive rental demand. With access to a premium international school (St. Catherine's), the area has a strong expat family profile.
Accessibility Index
| DESTINATION | TRANSPORT | TIME |
|---|---|---|
| Marousi Metro Station | On foot | 2 min (130 m) |
| Main shopping strip | On foot | 1 min (50 m) |
| OTE / Vodafone HQ | On foot | 10 min |
| Agricultural University of Athens | On foot | 12 min (1 km) |
| OAKA Olympic Stadium | By car | 5 min |
| The Mall Athens | By car | 5 min |
| St. Catherine's British School | By car | ~5 min (2 km) |
| Athens City Center | Metro/Car | 15-20 min |
| Athens Airport | By car/Metro | 20 min |
02Legal Framework & Project Description
Law No. 5100/2024 — αλλαγή χρήσης + new construction from scratch + restoration Scope
A complex of three buildings: restoration of the central historic mansion + two newly built buildings. A mix of restoration and new construction — a combination of αλλαγή χρήσης and a listed building; the €250,000 lower threshold exemption applies.
Project Highlights
- A complex of three buildings — restoration of the central historic mansion
- Two newly built buildings complement the heritage with modern architecture
- A energy class + Grohe fixtures + European kitchen
- 130 m to the metro + 50 m to the main shopping strip
- Corporate HQ density — high professional rental base
- OTE/Vodafone HQ + The Mall + OAKA Stadium triangle
03Risk Analysis, SWOT & Conclusion
| STRENGTHS (S)• Athens' 'kingstone' business center location • Corporate rental base (OTE, Vodafone, multinationals) • Marousi Metro 130 m — public transport strength • Historic restoration + new construction combination • A energy class + Grohe + European kitchen • Intense demand — units reserved quickly • St. Catherine's British School nearby — expat family profile • Avla Real Estate end-to-end process assurance | WEAKNESSES (W)• Brochure not available — project details limited • Developer identity must be confirmed • 2028 Q1 delivery — long capital lock-up period • Marousi premium segment — entry threshold €280K+ • No coastal/marina frontage • The Athens central coast is stronger in the tourist rental segment |
|---|---|
| OPPORTUNITIES (O)• Marousi's corporate rental base is growing structurally • Expat-professional rental segment for the Turkish investor • OAKA Stadium event rental demand • Central Athens annual value appreciation of 5.5%+ • Schengen + 7-year path to citizenship • Family coverage (spouse + child + parent) advantage • Premium English-language education demand | THREATS (T)• The GV threshold may rise in the future (acquired rights are protected) • EUR/TRY exchange-rate volatility • Brochure missing — detail confirmation required • Marousi center parking constraint (existing building) • Tightening trend in Airbnb regulation • Potential for a European macro shock |
CONCLUSION & INVESTMENT DECISION
Investment decision:POSITIVE Premium
Perikleous & Rodou — Marousi is a complex project combining historic restoration + two new constructions, located 130 meters from Marousi Metro Station in North Athens' 'kingstone' business and living center. Under the αλλαγή χρήσης €250K exemption, entry is in the €280K band; the OTE/Vodafone HQ, OAKA Olympic Stadium, and The Mall Athens triangle structurally draws a corporate-professional rental base to the district. Proximity to St. Catherine's British School supports the expat family profile, while the Agricultural University of Athens supports academic demand. With its A energy class, Grohe fixtures, European kitchen, and modern interior design, it is positioned in the premium rental segment; because demand is intense, units are reserved quickly. As brochure details are limited, the developer and delivery details should be confirmed.
Download the PDF version of this report
PDFA0134_Perikleous_Rodou_Marousi_Fizibilite_v11.pdfOpen the full report↗Contactrealestate@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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