PERISTERI (ATHENS'S SECOND-LARGEST MUNICIPALITY) · ATHENS · GREECE GOLDEN VISA PROGRAMME
Peristeri Residences | A0144 Feasibility Report
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.
Download the PDF version of this report
PDFA0144_Peristeri_Residences_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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