The Ellinikon Explained: What Property Buyers Should Know in 2026

The Ellinikon is a large urban redevelopment on the former Athens airport site, run by Lamda Development; the company reports that all 315 coastal-front homes, including Riviera Tower, have sold, and that 571 of the 671 apartments of "Little Athens" were sold or reserved by the end of February 2026. The newest reports we found date from early 2026, so treat the figures as eight months old and ask Lamda or your adviser for the current position. This page does not recommend a purchase.

What is for sale and what is sold

• Coastal front. Lamda says all 315 homes are sold, including those in Riviera Tower.
• Little Athens. 571 of 671 apartments, about 85%, were sold or reserved at the end of February 2026; a later Lamda update spoke of around 90% reserved and slower sales because inventory was limited.
• Money received. Lamda's cumulative receipts from homes and land plots were about €1.53 billion by the end of February 2026: €1.11 billion from residential sales and €0.42 billion from land. The company expects about €2.08 billion by the end of 2026.

Prices that have been reported

The sources give different figures, from different dates: Riviera Tower homes have been reported at roughly €10,000 to €32,000 per m², with an average of about €13,700 per m² in an October 2025 report and higher prices on the upper floors. These are press reports of asking prices, not a price list. For a sense of the neighbourhood, see prime Athens prices in 2026.

Delivery

Completion dates for Riviera Tower differ between reports: May 2027, mid-2027 and summer 2027 all appear, after earlier plans pointing to early 2026. Lamda says the first homes will be handed over in 2027. At the last update we found, concrete work had reached the 48th floor of the core.

How it relates to the Golden Visa

The Ellinikon is in Attica, where the €800,000 level applies to the standard route, with at least 120 m² of main space and one property per application. We have not confirmed that any particular Ellinikon unit qualifies: eligibility depends on the title, the area under the title and the price tier, so have a lawyer test it: thresholds and the 120 m² rule. The same applies to off-plan purchases, which are a separate question.

Before you decide

1. Ask for the current availability and the price per m² in writing.
2. Check the delivery date and what happens if it slips: see the checks for off-plan purchases.
3. Remember the 15% transfer tax plan for non-EU buyers, if it becomes law.
4. Compare with the resale market in the same area before you pay a premium for a new build.

Sources: reports on Lamda Development's results and sales updates (Naftemporiki English edition, Ot.gr, To Vima, Protothema, ered.gr), early 2026 at the latest. Informational, not legal or investment advice.