Royal E5 Residences: Two Boutique Flats in Agios Dimitrios, Athens

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Merhaba arkadaşlar, Atina’nın güneyinde metroya sekiz dakika yürüme mesafesinde iki zemin kat dairesi, geliştiricinin kira garantisiyle. Bugün Agios Dimitrios’tan Royal E5 Residences.

Apartment types, current price range and location: see the project page

Agios Dimitrios, known locally as Brahami, is an established district about five kilometres south of central Athens. This scheme on Eleftheroton street is a conversion by Royal Investments Group: two apartments, both on the ground floor and each with its own street entrance. They are delivered furnished and fitted, and both fall into the Golden Visa 250,000 euro band.

Prices

• G1 ve G2, zemin kat: her biri 40 m², bir yatak odası, bir banyo, kendi sokak girişi
• Daire başına €260.000
• Rental guarantee: geliştirici, beş yıllık yönetim anlaşması kapsamında daire başına aylık 800 euro kira garantisi veriyor
• Açık plan salon ve meşe mutfak, çift kişilik yatak odası, yürümeli duşlu banyo
• Delivered furnished and equipped
• Kat yüksekliği 3,00 m, travertin cephe, masif meşe giriş kapısı
• Teslim 2027 ikinci çeyreği, üzerine 3 ay pay; binanın ruhsatı alınmış
• Golden Visa 250.000 euro bandı
• Adres: Eleftheroton 5, Agios Dimitrios, Atina

Royal Investments Group, Atina ve Pire’de mevcut binaları konuta çeviren bir geliştirici. Golden Visa açısından önemli bir ayrım: kullanım değişikliği projeleri 250.000 euro bandına giriyor ve tapu mevcut bina üzerinden alınabiliyor.

Neden Royal E5 Residences?

Kira garantisi ilk beş yılı öngörülebilir kılıyor. 800 euro a month is 9,600 euro a year, about 3.69% gross on the 260,000 euro price. The management fee is 20% of the gross rent, so the figure in hand after the fee is about 2.95%. The two numbers have to be read together, because the guarantee is given on the gross amount. The term and conditions of the guarantee are set by the contract.

• Agios Dimitrios metro istasyonu ve Athens Metro Mall yürüyerek 8 dakika
• Semt Kırmızı Hat üzerinde üç istasyonla hizmet alıyor: Agios Dimitrios, Dafni, Ilioupoli
• Sintagma ve Akropolis aktarmasız 10 dakika metro
• Atina Rivierası 10, The Ellinikon 15, Pire Limanı ve Glyfada 20, havalimanı 40 dakika sürüş

Daily life

Brahami is a district shaped by people living in it rather than by tourist flow. Athens Metro Mall and the district’s own high street are within walking distance, and the shop, pharmacy and school needs are met locally. A ground floor with its own street entrance suits anyone who wants to walk into a home without sharing a block entrance. The 3.00 metre ceiling height makes a real difference to how a 40 square metre layout feels.

Tenant profile

The tenant profile is single people and couples, and the eight minute walk to the metro is what decides it for a tenant commuting into the centre. The developer provides property management for five years, with a management fee of 20% of the gross rent. At the end of the fifth year the rent returns to market terms, so the yield calculation should not be built on the guarantee period alone.

Donanım ve cephe

• Travertin kaplama cephe, masif meşe giriş kapıları
• Açık plan salon ve meşe mutfak
• Çift kişilik yatak odası, yürümeli duşlu banyo
• Kat yüksekliği 3,00 m
• Beş yıl mülk yönetimi, yönetim ücreti %20

Payment plan

Two options are offered: a 10% deposit with the balance on completion, or a 30% deposit with instalments up to handover. If a Golden Visa application is in mind the payment rule is what decides it: the qualifying amount has to be paid in full before the application, so on an instalment plan the right arises with the final instalment.

Who is buying?

It suits an investor looking for a single property in the Golden Visa 250,000 euro band who would rather not hunt for a tenant after handover. The rent guarantee makes the first five years predictable. For a buyer who wants a wider layout or family use we show the larger layouts in our portfolio, and that is worth saying upfront.

Total cost: what do you actually pay when you buy at Royal E5?

There is no stamp duty in Greece. Because this scheme is the conversion of an existing building, the 24% VAT that applies to new build does not arise either; the buyer pays a 3.09% transfer tax instead. The table below is indicative, based on the apartment price.

If you will apply for a residence permit, state fees, the permit card and health insurance are calculated separately. For your own scenario you can use our Greece purchase cost calculator.

What to Check Before You Decide

• The rent guarantee runs for five years. From the sixth year the rent is set on market terms.
• The guarantee is on the gross figure. The figure before the management fee is deducted; the term and conditions are set by the contract.
• The project has two units. The layout options are G1 and G2.
• Handover in 2027. An off-plan purchase; the money is committed until handover.
• The Golden Visa payment rule. The qualifying amount has to be paid in full before the application.

How does it compare with the alternatives?

• Flevas: one apartment remains in Ilion at €280,000, with a €24,000 rent guarantee over three years.
• Royal Marina Residences: two family duplexes in Kastella, Piraeus, at €325,000 and €330,000, with no rent guarantee.
• Royal Boutique Collection: a 24 apartment scheme in northern Athens with a pool and a gym, from €250,000.
• Portföydeki bütün geliştiricileri projects by developer page; for the Greek process and the thresholds see Yunanistan gayrimenkul rehberimize page.

We can work out together which scheme fits your goal, based on your budget, your intended use and your exit plan. For the current status of G1 and G2, the floor plans and the payment plan, get in touch with us.

Answers to the most common questions on this topic: Is Buying a Home in Athens a Good Idea?