V - LADADIKA - 3rd - Sold Out

Located next to the COLORS Hotel on Valaoritou Street — Thessaloniki’s nightlife hub, lined with clubs, bars, and entertainment venues. Just a five-minute walk from Aristotelous Square, private colleges, major hotels, a metro station, and the city’s port.

This is not considered a “prestigious” neighborhood, but rather Ladadika — the beating heart of the city’s nightlife and leisure scene. It is within walking distance of Thessaloniki’s major universities, perfectly positioned between the technological and academic campuses.

Comparable to Neve Tzedek in Tel Aviv, the area was once industrial but is now undergoing significant urban renewal, encouraged by the municipality’s push to rezone for residential, leisure, and tourism uses. Its strategic location near the future metro station, right above Egnatia (the city’s main avenue) and alongside major public transport lines, makes it highly attractive for both visitors and locals. The area is also adjacent to the city’s largest hotels, strengthening its tourism appeal.

Conversion of 175 m² of commercial space into six residential units. The apartments are designed for students, short-term rentals, and investors. All units will be fully furnished and equipped, delivered turnkey to buyers.

Project Plans:

• Second floor plans

• Third floor plans

About Greece

• Member of the Eurozone

• Growing economy after recovery from the financial crisis

• Low taxes and exemption from capital gains tax

• 33 million annual tourists (2018), independent of economic fluctuations

• High levels of foreign investment

• Real estate prices still significantly below pre-crisis levels

• Strong migration trend from rural areas to major cities
   

About Thessaloniki

• Vibrant nightlife — a young city with countless cafés, clubs, and entertainment spots

• Known as the student capital of the Balkans, hosting over five universities, private colleges, and international academic branches

• Over 130,000 students arrive annually from across the Balkans, Cyprus, and the rest of Greece

• Major infrastructure investments: metro development, airport expansion (planned to serve over 9 million passengers annually), port expansion (second largest in Greece), new electric railway to Athens, and extensive road upgrades

• One of Greece’s cultural capitals, welcoming over 1.3 million tourists annually (half from abroad)

• Real estate prices on a strong upward trajectory

• Limited city expansion due to surrounding mountains, driving inner-city demand

• Entry of major international companies into the local market, including Cisco, Pfizer, Regus, and Deloitte