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

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.

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.

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.

Indicative rental return

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

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.

Avla Gayrimenkul A.Ş. — your trusted partner for the Greek Golden Visa. Request the full SOUTH dossier and a personalised cost breakdown.

AuthorM. Sami Akbeniz

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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