Apartment M1
€365,000
€4,110 / m² gross · €5,489 / m² net
Net66.50 m²
Outdoor areaBalcony 22.3 m²
Gross88.80 m²
The only available apartment remaining in the project.
Images are from the developer’s promotional materials; some may be computer-generated representative visuals.
In Nea Smyrni, between Athens city centre and the coast, an A+ new build duplex of approximately 66.5 m² with a 22 m² balcony: 1 bedrooms, 2 bathrooms, storage, Italian kitchen. Delivery 2026 quarter of 4. €365,000.
Duplex with balcony in an A+ new build, 1 bedrooms, 2 bathrooms — Nea Smyrni, Athens.
The building is located in Nea Smyrni, an established residential district between the historic centre of Athens and the Athens Riviera coast. Its white facade is layered with deep balconies and planters on every floor, providing each residence with ample outdoor space and abundant natural light. The building rises seven residential floors and consists of twelve units: 2-bed apartments on the lower and upper floors, and three two-storey duplexes on the fourth and fifth floors.
Residence. The duplex offered for sale spans two floors; it has approximately 66.5 m² of interior space and approximately 22.3 m² of balcony. The lower floor features an open-plan living room with an Italian kitchen and dining area, a bathroom, and the main balcony; an internal staircase leads to the upper floor, which houses the bedroom and the second bathroom. The residence includes a storage unit.
Technical specifications. The building is designed for A+ energy class: photovoltaic panels on the roof, independent natural gas heating, Grohe sanitary ware, and Italian kitchens. The building is pre-wired for electric vehicle charging points; the elevator serves all floors.
Location. Nea Smyrni is known for its central square, park, and lively cafes and restaurants. Public transport is approximately 370 m away, restaurants are approximately 430 m away; the coast is approximately 2.6 km away, Athens city centre is approximately 3.8 km away, the nearest hospital is approximately 1.7 km away, and Athens International Airport is approximately 36 km away.
Location is shown with a circle at the district level; the exact address is shared upon signing the Digital Viewing Protocol.
Distances are as the crow flies from the district centre (OpenStreetMap); airport travel time is by car in non-peak traffic. Information is confirmed in writing prior to an offer.
| Apartment | Floor | Type | Net m² | Outdoor area | Gross m² | Price | € / m² net | € / m² gross | Bathrooms | Plan |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,1 Sold Balcony 17.3 m² | 1 | 2-bed | 61.00 | Balcony 17.3 m² | 78.30 | Sold | — | — | 1 | |
| 1,2 Sold Balcony 17.5 m² | 1 | 2-bed | 61.00 | Balcony 17.5 m² | 78.50 | Sold | — | — | 1 | |
| 2,1 Sold Balcony 17.3 m² | 2 | 2-bed | 61.00 | Balcony 17.3 m² | 78.30 | Sold | — | — | 1 | |
| 2,2 Reserved Balcony 17.5 m² | 2 | 2-bed | 61.00 | Balcony 17.5 m² | 78.50 | €315,000 | €5,164 | €4,013 | 1 | |
| 3,1 Sold Balcony 17.3 m² | 3 | 2-bed | 61.00 | Balcony 17.3 m² | 78.30 | Sold | — | — | 1 | |
| 3,2 Sold Balcony 17.5 m² | 3 | 2-bed | 61.00 | Balcony 17.5 m² | 78.50 | Sold | — | — | 1 | |
| M1 Our pick Balcony 22.3 m² | 4-5 | 1-bed | 66.50 | Balcony 22.3 m² | 88.80 | €365,000 | €5,489 | €4,110 | 2 | |
| M2 Sold Balcony 23.6 m² | 4-5 | 1-bed | 66.45 | Balcony 23.6 m² | 90.05 | Sold | — | — | 2 | |
| M3 Sold Balcony 22.35 m² | 4-5 | 1-bed | 70.94 | Balcony 22.35 m² | 93.29 | Sold | — | — | 2 | |
| 6,1 Sold Balcony 20.3 m² | 6 | 2-bed | 61.00 | Balcony 20.3 m² | 81.30 | Sold | — | — | 1 | — |
| 6,2 Sold Balcony 18.15 m² | 6 | 2-bed | 61.00 | Balcony 18.15 m² | 79.15 | Sold | — | — | 1 | — |
| 7,1 Sold Balcony 55 m² | 7 | 2-bed | 65.20 | Balcony 55 m² | 120.20 | Sold | — | — | 1 | — |
Avla Real Estate Area Report · Paleo Faliro · Athens Riviera · October 2026. This is a district-level assessment; it does not include a review of a specific apartment.
Paleo Faliro is the closest link of the Athens Riviera to the city center: approximately 6.3 km as the crow flies from Syntagma. The municipality hosts 64,863 people in a small area of 4.6 km² (2021 census); this means approximately 14,200 people per km². Paleo Faliro is not a holiday town, but a city district with year-round residents and an established apartment fabric. Since the area is small and development is complete, new housing supply mainly comes from the renovation of older buildings.
Demand is driven by three factors: the coastline, health and cultural institutions, and proximity to the centre. Flisvos Marina and the coastal park are approximately 1.2 km from the district centre, the Stavros Niarchos Foundation Cultural Center (SNFCC) is approximately 1.3 km away, and the Onassis Cardiac Surgery Center is approximately 1.6 km away. The district’s greatest future asset is the Faliro Bay transformation. The first phase (new coastal road and flood protection works) is complete. The contract for the second phase, the AENAON metropolitan park, was signed on 2 September 2026; the reported cost is approximately €299.5 million including VAT. Main works are planned to begin in January 2027, with the park scheduled to open in the second half of 2029.
English-language schools and their straight-line distances from the district center:
Distance is a straight-line measurement from the district centre (not the building) to the school campus; it may deviate by ±300 m as some campuses are located at street level, and road distance is longer. There are state schools in the district providing education in Greek. Enrollment conditions and quotas are confirmed directly with the school.
The rail backbone of Paleo Faliro is the coastal tram: there are 8 tram stops within a 1 km radius of the district centre, the closest being Flisvos (~560 m). There is no metro station in the district; the nearest stations are Faliro and Moschato on line M1 (~3.2 km). Vehicle traffic flows via the Poseidonos coastal boulevard and Syngrou Avenue; Piraeus port is ~5.8 km away.
Distances are measured from the district center using OpenStreetMap data. Driving times are based on routes without traffic (OSRM); they increase significantly during peak hours.
Demand is not based on tourism, but on the resident population wishing to live close to the centre. According to Spitogatos data, the southern suburbs were the second most searched region in the country for rental properties in 2025. Paleo Faliro is the most accessible link in this region in terms of price and proximity to the centre.
Figures are listing (asking) prices; actual transfer prices are generally slightly lower. The ratio of listing averages yields approximately 3.7% gross; this is a neighborhood indicator, not an apartment yield. We do not provide unverified rent or yield figures for a specific apartment.
Avla’s district view: Positive — balanced. Paleo Faliro is the closest link to the centre on the Riviera and the most accessible in terms of price per m²; demand is established and year-round. The value story is tied to the Faliro Bay park extending to 2029; therefore, the district should be read as a medium-term, patient acquisition.
Sources: Indomio (September 2026) · Bank of Greece · Spitogatos (reported by Kathimerini, 2025) · ELSTAT 2021 census · Proto Thema, ERT, To Vima, Athens Voice (AENAON, September 2026) · OpenStreetMap and OSRM (distances and times) · official school websites.
1 of the 12 apartments are available. This is the apartment we highlight for its price, m² efficiency, and layout.
The only available apartment remaining in the project.
Because there is no single figure. Legislation defines three tiers, and the location and legal status of a property determine which tier it falls into.
Practical implications for your file: The threshold for standard new builds in Attica is €800,000. Which threshold the properties in this file fall under is determined by the location and legal status of the property; this is confirmed in writing via an independent Greek lawyer’s review on a property-by-property basis. We have not stated in any section that “this apartment qualifies for GV”; we obtain confirmation via documentation.
This protocol is the PROPERTY VIEWING AND ADVISORY AGREEMENT.
Dear investor; this page is the digital viewing of the property on this page, made for you by Avla Real Estate Gayrimenkul A.Ş. Presenting a property to you on this page carries the same weight as showing it on site.
When you sign the protocol, the exact addresses and street details of all the properties presented to you are sent to you. You can then examine each property's street, address and surroundings in full detail on Google Maps.
1 · Introduction record. Which property was introduced, and by whom, is recorded with the viewing form. Our viewing form covers digital and physical viewings alike — presenting a property to you on a video call carries the same weight as showing it on site.
2 · Viewing. If you wish, properties are shown on a video call; or, during your visit, we pick you up from the airport, prepare a comprehensive two-day tour programme and accompany you throughout. We ask you to sign the viewing form before the tour. The tour and briefing are free of charge.
3 · Service fee. The service fee for the property on this page is 0%. Our only request is that the purchase of a property we have introduced is completed through our firm.
4 · Reservation. If you wish, a full legal review (title history, mortgages and liens, permits) is carried out by our lawyers; once the preliminary review is complete, we move to reservation. The reservation amount is generally limited to 10% of the sale price; the property can be paid for in full or in instalments.
5 · With you from start to finish. We are with you at every step, from the purchase itself to the Golden Visa application and its renewals.
| Ref | Property | District | Type | Area | Price | Service fee |
|---|---|---|---|---|---|---|
| A0306 | Nea Smyrni Duplex Suites | Nea Smyrni · South Athens | — | 66.50 m² net | €365,000 | 2% + VAT — applied upon completion of purchase |
The Contracting Party confirms that the property(ies) listed above were introduced and shown to them by Avla Real Estate Gayrimenkul A.Ş. and Avla International Properties FZ-LLC (the "Agency"; together or individually "Avla"), and that they had no prior knowledge of these properties from any other source. Any prior acquaintance or relationship of the Contracting Party with the owner, developer or constructor of the listed properties does not constitute prior knowledge of the properties themselves and shall in no way affect or invalidate the Agency's rights under this Agreement; the decisive factor is the introduction of the specific properties by the Agency. (a) Service fee: if the Contracting Party, directly or indirectly, or through a spouse, relative, close business associate or any related natural or legal person, purchases or leases any of the listed properties through the mediation of the Agency, they shall pay the Agency the fee stated in the "Service fee" column, calculated on the final transaction price. This fee becomes due and payable automatically upon the signing of the final sale or lease agreement. (b) Protection of the introduction right: if the Contracting Party, or any of the related persons listed above, bypasses Avla and purchases or leases a property introduced by Avla directly from the owner or through a third party, a service fee equal to five percent (5%) of the final transaction price (plus VAT, if applicable) shall be paid to Avla as compensation for Avla's losses and expenses. (c) Developer-level protection: this protection is not limited to the listed properties; it also covers the company that is the owner, developer or constructor of the properties introduced by the Agency, and that company's affiliated companies. If the Contracting Party, or any of the related persons listed above, purchases or leases another property of these companies that is not on the list, that transaction shall also be deemed a result of the Agency's introduction, and the service fee and protection provisions above shall apply in full. No subsequent change in the price or in the negotiations shall cancel or reduce these obligations. The parties acknowledge that the Agency's fees under this Agreement will be invoiced from the United Arab Emirates or Türkiye. Personal data provided herein is processed solely for the purpose of this mediation, in accordance with Regulation (EU) 2016/679 (GDPR). This Agreement is governed by the laws of the United Arab Emirates; any dispute arising from it shall be subject to the exclusive jurisdiction of the Courts of the Dubai International Financial Centre (DIFC Courts), Dubai, United Arab Emirates, and the parties agree in writing that any claim within the applicable limits shall be heard by the DIFC Courts' Small Claims Tribunal.
By opening the presentation, you acknowledge that the properties on this page were introduced to you by Avla.
For the exact location and street details, call us or fill in the short form at the end of the page (under KVKK/GDPR) and we will call you.
The purchase price is not deposited into an account that the seller can use freely. It enters a separate bank account from which not a single cent can be withdrawn without two signatures: one from the seller and the other from the lawyer Avla has appointed for you. The money is transferred to the seller in installments only as the following steps are documented.
The co-signing lawyer cannot be removed without your consent; funds in the account are free from seizure and liens.
No payments can be made to any other person or account; the flow can only be altered by a court order.
Funds deposited into the account are used solely for the price and construction of this apartment and cannot be withdrawn. The contract is subject to Greek law; source of funds (AML) documents are required.
Source: developer’s “Private Agreement on Release of Funds” template. Installment ratios and timelines are written into the contract for each purchase; this section is a summary and does not replace the contract text.
We will disclose the figures with documentation during our meeting; however, to set your expectations correctly from the start, the framework is as follows:
For residential property purchases by non-EU/EEA natural persons, the property transfer tax is being increased from 3.09% to 15.45%. Corporate purchases, EU/EEA citizens, long-term residence permit holders, and individuals of Greek descent are excluded. The Prime Minister announced this on 6 September, and the Ministry of Finance provided details on 8 September — there is no draft law submitted to Parliament yet.
The 2026–2035 National Housing Strategy proposes a separate Golden Visa category where multiple apartments are purchased as a single portfolio and all are rented out long-term. The threshold, rental duration, and conditions have not yet been drafted; market sentiment suggests it will be an option for the €400,000 / €800,000 tiers where the single-property rule applies — this is a proposal, not law.
The €€250,000 tier is currently in effect and applies only to properties converted into residential units through a change of use. The sector is requesting an exemption from the new title deed tax for this category — the rationale being that these investments do not withdraw housing from the market, but rather create new stock. No decision has been made yet.
Once you submit the form, our team will call you; we will share the current availability, binding price, and payment plan for the apartments you are interested in via writing.
Phone
The bird in our logo is a weaver bird. It weaves its nest stitch by stitch, with patience and strength. The bird returns to the word “Avla,” which means the place where it will build its nest. Every line of the logo was drawn with a single stroke and the same thickness: the same care in every detail. We build your nest with the same patience and care.
avlarealestate.com →Projects we highlight under the Golden Visa; each card opens the project’s own page.
The listings on the map represent the current state of our portfolio; the list is synchronized with our website twice daily. You can narrow down your search using price, region, district, and ready-made filters, and view the photos and project facts for each listing.
Circles indicate neighborhoods, not specific buildings. We do not publish the exact addresses of properties; we provide the location via neighborhood circles. The apartment-based list and exact location are revealed during our meeting along with your file.
Open map in full screen →