The Neo Faliro Park 5 project is located in Neo Faliro, an urban district of Piraeus in Athens, Attica, Greece. Piraeus has a long history that can be to be traced back to ancient Greece. The city was founded at the beginning of the 5th century BC, with a rounded harbor, thus bringing together all the import, export and transit trade of Athens, as such. The port of Piraeus is a huge maritime and commercial-industrial center.
The port of Piraeus is a huge maritime and commercial-industrial center, and is also home to the largest port in Greece, Neo Faliro, with its neighborhoods of Faliro Bay and Kastela.
Neo Faliro is located next to the Saronic coast. Olympiacos, Ping Friendship Stadium, Kaleskaki Stadium, are all located in the area. The area also hosted several maritime sports during the 2004 Olympic Games
Economic & Real Estate Market of Greece
Positive economic trends
In response to the COVID-19 crisis, the EU will invest in and reform Greece’s economic recovery and resilience over the period 2022-2026. The program, which will disburse €17.8 billion in grants and €12.7 billion in loans, is aimed at boosting economic growth and job creation, as well as advancing Greece’s green and digital transformation.
The Program includes specific investment measures and reforms (174 in total), the impact of which, according to preliminary estimates, could be reduced by up to 2026. According to preliminary estimates, by 2026, its impact could boost Greece’s GDP growth by 4.1-6.3% and add 120,000 jobs. The impact could boost Greece’s GDP growth by 4.1-6.3% and increase 120,000 jobs by 2026.
Strong performance in real estate investment
According to the Bank of Greece Governor’s report for 2022, 1.975 billion euros (27.3%) of the 7.22 billion euros of FDI in 2022 will involve the purchase of real estate.
FDI inflows in 2021-2022 will mainly come from EU countries, while real estate investments will mainly come from countries and regions outside the EU, including the United States, Hong Kong, China, Switzerland, the United Kingdom, Singapore and Israel.
, Singapore and Israel, among other countries and regions. As of the first three quarters of 2022, total returns were $1.28 billion, up 60% year-on-year.
Meanwhile, according to the Fortune Report’s International Residential Index PIRI 100, 17% of the of global UHNWIs purchased property in 2022, and it’s the second strongest performance on record. Since 2014 to date, more than 28,700 investors and their families have applied for and been granted permanent residence in Greece. The program continues to grow and has bounced back after being briefly impacted by the epidemic. 50% year-on-year growth from January to November 2022.
Strong demand for real estate purchases
- The Greek real estate market is growing steadily, especially in the Athens metropolitan area. In the last three years, real estate prices have risen by 30-32% in Athens and by 9-14% in the other major cities. The average price increase in the Greek real estate market over the three-year period was 10-16%.
- Demand for residential property in Athens increased by 3.7% in the first quarter of 2022 and interest in properties in the center of Athens increased by 13.6%.
- Short-term rentals generated €3.46 billion in 2022, with 144,000 properties rented out across the country and 20.87 million overnight stays. The cost of short-term rentals has also risen slightly, from €113 per night in 2021 to €139 in 2022.
The Nea Faliro Park 5 project is uniquely situated on the waterfront, in a prime location within the harbor, with access to numerous stadiums, marinas and seaside ports within a 2 km radius.
Nea Faliro Park Phase 5 is conveniently located with all amenities and is just over 1km from the International School of Piraeus and the University of Piraeus. It is also within walking distance to the bustling city center of Piraeus.
Neo Faliro Park 5 has been designed with the concept of simplicity, sophistication and luxury in mind, with modern design ideas and timeless aesthetics. The overall design makes the most of space and light, with each apartment enjoying an unobstructed view of the Athens street and the clear blue sky.
High quality brands
The apartments are built in accordance with the European Union standards and all the hardware is made of well-known brands from European countries. By adopting an intelligent open design concept, the apartments not only bring great convenience to life, but also provide maximum comfort and functionality to the owners.
Nea Faliro Park 5 has a professional architectural team that ensures that every step of the building process is professionally carried out in accordance with EU standards. At the same time, we have an experienced and highly qualified design team, and the interior design drawings are all finalized.
Floor Plans & Interior Design
Ground Floor Apartments
Apartment I1 on the ground floor enjoys a private Jacuzzi terrace on the top floor, D2, which has a wide sea view.
Apartment I2 on the ground floor enjoys a private Jacuzzi terrace on the top floor, D4, which has a wide sea view.
Apartment I3 on the ground floor enjoys a private Jacuzzi terrace on the top floor, D3, which has a view of the Acropolis.
Apartment 1 on Floor ABCDE
Apartment 2 on Floor ABCDE
Apartment 3 on Floor ABCDE
Apartment 4 on Floor ABCDE
Apartment 5 on Floor ABCDE
Apartment 6 on Floor ABCDE
Apartment F1 on 6th Floor
Apartment F1 on the 6th floor enjoys a private Jacuzzi terrace on the top floor, D5. Terrace D5 has a wide sea view.