Lamda Development on Thursday released sale and pre-sale receipts related to land plots and residential units on the beachfront of its iconic Ellinikon real estate mega-project in coastal southeast Athens.
Specifically, the ATHEX-listed land developer said the sale of 19 out of a total 28 available plots have been completed, meaning that the signing of a notarized deed. The company said total cash receipts from these sales totals 77 million euros, or 50 percent of the entire purchase price.
A press release added that 127 apartments out of a total of 169 apartments in the to-be-erected Riviera Tower high-rise have been sold, with cash receipts from down payments reaching 71 million euros, or 20 percent of the purchase price.
Latest News
Athens Launches App to Enhance Public Safety
Users can send location and personal details to the police. Selected contacts will also be notified of the user's safety at any time.
Tapping into Golf Tourism Next Goal for Greece
Creating high level golf tourism infrastructure in Greece can boost the country's competitiveness on the global market.
Greek Household Deposits Up for Seventh Consecutive Year
This is attributed to a rise in disposable income for individuals, which in turn is associated with a drop in unemployment and a steady uptick in wages.
Greek Wage Analysis Reveals Gender, Sector, and Education Disparities
It is also interesting to note that leadership roles remained predominantly male at a percentage of 57.3%, primarily in the 36–54 age group
Greek Household Deposits Up for Seventh Consecutive Year
This is attributed to a rise in disposable income for individuals, which in turn is associated with a drop in unemployment and a steady uptick in wages
BoG: Greek Tourism Soars – 33mln+ Foreign Tourists Jan.-Oct. 2024
Despite this surge, the average expenditure per visitor decreased by 2.5% compared to last year, standing at €589.5
Piraeus Bank: Greek GDP to Grow at Nearly 2% in 2025
Greece’s real GDP in the first nine months of 2024 increased by 2.3% on a year-on-year basis
PDMA: Greece’s Funding Needs at 15.3 bln€ For 2025
According to PDMA, the country’s total financing needs, year-on-year, are below the 10% of GDP threshold
PDMA: 6-Month Treasury Bill Yield Set at 2.61%
The auction was conducted through the Primary Dealers, with the settlement date scheduled for Friday, Dec. 27, 2024
BoG Gov Stournaras Calls for Immigration and Economic Reforms to Tackle Workforce Shortages
Stournaras categorically stated that reducing VAT on food will not solve the problem of high prices