As mentioned by Alexandros Moulas, Chief Commercial Officer of Lamda Development, during the “Athens Riviera Summit 2025”, the East Village is being designed as a modern residential hub located between Glyfada and the Metropolitan Park. The aim is to combine the vibrancy of a lively neighborhood with all the necessary infrastructure, such as access to schools, healthcare services, and commercial areas that will also serve visitors.
The area’s accessibility is significantly enhanced thanks to its connection with the metro system, as well as its proximity to major road networks.
A key component of East Village will be the new residential project named Skyline Havens, which was unveiled for the first time at the summit. This is a complex of 150 residences, designed by the architectural firm Liakos Associates Architects, to be developed across eight buildings with a maximum height of five stories.
Skyline Havens will offer high-standard amenities and services, including outdoor swimming pools, a fitness center, concierge and reception services, as well as dedicated areas for children’s activities. Particular attention has been paid to the variety of residences: penthouses will feature private terraces with pools, while ground-floor apartments will include private gardens and pools. The complex will also provide underground parking and storage facilities.
The completion and delivery of this new neighborhood is scheduled for 2028.
Progress of Other Residential Complexes in Ellinikon
The development of other residential complexes within the Little Athens neighborhood is progressing rapidly, with approximately 93% of the units sold. All seafront residences have been completely sold out. According to Mr. Moulas, Lamda Development is continuing sales of six residential complexes in the Little Athens area, comprising approximately 560 units, of which 522 have already been sold or reserved.
Prices vary depending on the complex and its features. At Park Rise, the highest prices are observed, reaching up to €11,000 per square meter, while other areas such as Pavilion Terraces, Promenade Heights, Atrium, and Trinity Gardens range between €7,500 and €9,500 per square meter. The Sunset Groves project, known for its luxury residences, reaches prices of up to €3.2 million.
As for the ultra-luxury seafront residences in the Riviera Tower and the Cove Villas, which are currently under construction, they have been sold to both international investors and Greek expatriates.
Buyer Profile
The investment at Ellinikon is attracting buyers from around the globe, Mr. Moulas noted, with over 17,000 expressions of interest from 110 countries. Approximately 65% of interested parties are from Europe, while significant interest has also been observed from the United States (21%), the United Kingdom (11%), Australia (9%), and Canada (8%). From the Middle East, notable interest comes from the United Arab Emirates (5%), Egypt (5%), and Israel (4%).
Almost 47% of buyers approach property acquisition from a purely investment perspective, while around 30% intend to use the property as a primary residence. Another 21% are purchasing for use as a vacation or secondary home, and 3% are taking advantage of the Golden Visa program.
In terms of property typologies, two-bedroom apartments dominate the market (43%), followed by three-bedroom units (29%). One-bedroom apartments account for 20% of demand, while larger homes with four (7%) and five bedrooms (1%) represent a smaller share.
