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5th  - Ptolemeon 14

About the Area:

Located adjacent to the city’s main road, Egnatia Street.
Within a five-minute walking distance from Aristotelous Square, private colleges, the city’s major hotels, a metro station, the Port of Thessaloniki, and the heart of the city’s nightlife and entertainment.
Not considered a “good” neighborhood or a “prime” district – this is the true city center.
Just a stone’s throw from Thessaloniki’s major universities, positioned exactly between the technological and academic campuses.
Comparable to an urban area undergoing gentrification – formerly an industrial zone now revitalized through municipal incentives for residential, leisure, and tourism developments. One of the main drivers of this transformation is the future metro station nearby, as well as its location right on Egnatia Street, the main thoroughfare, with public transport lines crossing the city center. This is a tourist-friendly area, next to the city’s largest hotels.

About the Project:

Conversion of a 515 sqm commercial space into 13 residential units.
The apartments are designed for students, short-term rentals, investors, and professionals (singles and young couples).
All units will be fully furnished and equipped, delivered to clients turnkey.
Every apartment will have a signed rental contract in place.
 

Project Plans

About Greece:

  • Member of the Eurozone.

  • Growing economy after exiting a financial crisis.

  • Low taxes and exemption on capital gains.

  • 33 million tourists annually (as of 2018), regardless of economic conditions.

  • High levels of foreign investment.

  • Real estate prices still significantly lower compared to pre-crisis levels.

  • Significant migration from rural areas to major cities.

About Thessaloniki:

  • Vibrant nightlife – a youthful city with numerous cafés, clubs, and entertainment venues.

  • Considered the student capital of the Balkans, hosting more than five universities, private colleges, and branches of international institutions.

  • Over 130,000 students come to study here annually from across the Balkans, Cyprus, and Greece.

  • Foreign investments include metro development (expected to open in 2021), airport expansion (to serve over nine million passengers annually), upgrades to Greece’s second-largest port, a new electric railway connection to Athens, and significant investment in road infrastructure and accessibility.

  • One of Greece’s cultural capitals – attracting over 1.3 million tourists annually, half of them from abroad.

  • Investing in Thessaloniki is not only an investment in Greece but also in global tourism, with visitors arriving year-round.

  • Real estate prices are on an upward trajectory.

  • The city is largely surrounded by mountains, limiting outward expansion.

  • Major corporations such as Cisco, Pfizer, Regus, and Deloitte have entered the local job market.

A glimpse of a sample apartment in the project


 

Apartments

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