Thanks to our long-established network in Greece and professional connections within the real estate industry, establishing our business model in Athens was only a matter of time. Today, Everest operates in Greece through its own holding company.
The legal framework is reliable and as an EU-Member Greece offers security, particularly for international investors. The Athens residential property market shows a significant backlog in the area of privately owned housing. For many years, too little investment was made in modern residential real estate, which has now resulted in a structural shortage of supply. At the same time, conservative and solid financing options provide stable conditions for project development.
With around 3.8 million inhabitants, Athens is the economic and social center of Greece. The City serves as a key hub for business, infrastructure, and international investment. Despite – or perhaps – because of a comparatively intransparent real estate market, substantial opportunities arise for experienced market participants. A wide range of available land plots and existing properties of various sizes create attractive entry and development opportunities.
From a macroeconomic perspective, Greece is also becoming increasingly stable. The economy is showing continuous growth, structural reforms are taking effect, and the real estate sector in particular is benefiting from long-term upward trends. Athens is regarded as a crisis-resistant location with sustainable growth potential in the residential property market.
Everest Management aims to consistently capitalize on and further expand these opportunities. For the development of new properties as well as the refurbishment of existing buildings, the company is continuously seeking strong financial partners who wish to participate jointly in the positive development of the Athens real estate market.
Everest acquired via its Greek Holding ESTIA LIVING S.A. a 1,000 sqm plot of land in the northern part of the City, in the district of Lykovrysi. Today, the company holds a building permit for a multi-family residential building comprising 9 apartments with a total living area of 1,040 sqm. We have entrusted the construction to an established general contractor who guarantees quality, price and delivery time. The business plan foresees the sale of single apartments, typically to family users and will provide for an attractive architectural design, quality fit-out and energy efficiency.
This project is available for co-investment.
Through our Greek holding, we are in the process of purchasing a 571 sqm plot of land on the Athens Riviera, in the municipality of Glyfada. The location is within walking distance of the beach and the main retail streets, and a short drive from the Glyfada Golf Course. It is perfectly suited for the development of six luxury apartments totaling 730 sqm. The development is aimed at an international audience looking for the highest standards in architectural design, comfort, and amenities.
This project is available for co-investment.