The Ellinikon attracts global interest: 17,000 prospective buyers from 110 countries

Interest in The Ellinikon, Europe’s largest urban redevelopment project, continues to surge, with around 17,000 prospective buyers from more than 110 countries expressing interest in its residential offerings. The figures were revealed by Alexandros Moulas, Chief Commercial Officer for Residential at LAMDA Development, during the Athens Riviera Summit.

According to Moulas, demand for properties in The Ellinikon now comes from all over the world. Europeans account for the largest share of interest at 65%, followed by Americans at 15% and buyers from the Middle East at 12%. Strong interest is also coming from the UK, Australia, Canada, Germany, Türkiye, and Switzerland.

Who is buying and why?

Moulas emphasized that there is no single buyer profile. As the project progresses, foreign interest has grown, driven by a range of motivations. Some buyers are looking to relocate permanently, while others are approaching The Ellinikon purely as an investment opportunity.

Data shared during the summit highlighted buyer motivations:

47% of interested parties view their purchase as a real estate investment, attracted by projected rental returns of 5% to 7%.

29% are purchasing homes to use as primary residences.

21% are buying a second home or vacation property.

Only 3% cited interest linked to acquiring a Golden Visa.

With its combination of luxury living, smart infrastructure, and seaside location on the Athens Riviera, The Ellinikon has quickly become a focal point for international real estate investors and lifestyle buyers alike.