Elliniko: Prices for skyscrapers are up to 25,000 euros per square meter

The CEO of Lamda Development, Odysseas Athanassiou, spoke about the emblematic project of the redevelopment of Elliniko, revealing the sale prices of houses.

According to Mr. Athanassiou, the prices of the 9,000 houses that will be built inside Elliniko are for all wallets in order to attract as many Greeks as possible to live in the area. Prices will be slightly lower than those for newly built houses sold  in the southern suburbs, ie below 6,000-7,000 euros / sq.m. He added that 5% of residential real estate concerns upper economic strata with prices starting at 8,000 euros / sq.m. However, for an apartment on the 50th floor of the skyscraper, the price that the prospective owner has to pay is "stunning", reaching 25,000 euros per sq.m.

"On July 15, we will provide data on home pre-sales. A total of 9,000 homes will be built. In the first five years we had planned to build 500, however because interest is very intense, it is very likely to go to 1,500-2,000 homes in the first five years. Most of these will be offered to the general public. "Of the 9,000 homes we will build in total, about 5% concerns the upper financial part of the population", said the head of Lamda Development.

He added, speaking to SKAI, that "the prices in the southern suburbs for the purchase of a newly built property are at 6,000-7,000 euros / sq.m. and in order to address the general public, we will go lower, while the houses that will be addressed to the smaller percentage will start from 8,000 euros / sq.m. due to the quality and the construction cost. In every development there is that 1%, which is for example on the 50th floor of the skyscraper, as there are in Monaco or New York, which is also the advertisement of the development. In this case, for a milestone...