◧ 29 images
1
Mercy Lofts
Location
An inner Piraeus suburb — the working face of Athens rather than the touristic one. A broad avenue forms its spine, with a shopping mall, cinema, municipal pool, bowling, padel courts and a fun park around it. A young district that stays alive in the evenings.
Transport
The M3 metro extension to Piraeus opened in 2020 and brought a station to the area, giving a direct link to Syntagma and to the airport without changing lines. Piraeus port and the centre are a short ride away.
Tenant profile
Greece's largest university — the University of West Attica with roughly 65,000 students — is within walking distance. Student and young-professional demand is year-round and void periods are short. It does not depend on the tourist season.
Rent and yield
Because the entry price sits well below the Riviera, gross rental yield is at the top end of this selection. Rent levels are also lower than the Riviera: the yield comes from the low entry price, not from the rent.
Risks
Not a prestige address; resale demand from foreign buyers is weaker than for the Riviera projects. No sea. The socio-economic profile is mixed and quality varies street by street — here the micro-location matters more than the project.
Build
An industrial building of roughly 3,000 m² is being converted to residential use. The ground and first floors have 5.5 m ceilings with a mezzanine, so the registered internal area is smaller than the space actually used. The B block on the second floor has 3 m ceilings and no mezzanine — and that is where prices start.
Unit mix
44 units on the list, 41 available. 34–56 m² internal plus an 18–28 m² mezzanine. All are one-bedroom loft layouts. There is a common roof terrace and dedicated parking; the building is planned as serviced.
Pricing
€250,000 – €325,000. The widest price ladder in this selection: up to 15 distinct price points on a single floor, which means you can pick a unit to fit the budget.
Golden Visa
The conversion licence has been issued; at the date of the list the final licence was around two months away. Because the €250,000 route applies to completed conversions, the residence application falls after handover. Four units are priced at exactly €250,000 — leaving no downward room on the deed value.
Investment thesis
The deepest inventory and the lowest entry band here. A metro station combined with a very large university keeps occupancy close to guaranteed. This is the best fit for building a portfolio of several units rather than buying one.
Risks
Construction is ongoing and the list shows two different delivery dates — December 2026 in one place and May 2027 in another — so written confirmation per block is required. Because the registered area looks small in a mezzanine layout, there is a discount risk at resale valuation.
Who it suits
A yield-driven investor who is not looking for a prestige address and accepts construction risk in exchange for price. The most suitable starting point here for buying more than one unit.
| Unit | Floor | Internal | Mezzanine | Type | Price | Status |
|---|---|---|---|---|---|---|
| I1 | GF | 56 m² | 25 m² | 1 bed | €325,000 | Available |
| I2 | GF | 50 m² | 25 m² | 1 bed | €320,000 | Available |
| I3 | GF | 50 m² | 25 m² | 1 bed | €320,000 | Available |
| I4 | GF | 51 m² | 27 m² | 1 bed | €320,000 | Available |
| I5 | GF | 48 m² | 24 m² | 1 bed | €320,000 | Available |
| I6 | GF | 44 m² | 28 m² | 1 bed | €275,000 | Available |
| I7 | GF | 36 m² | 18 m² | 1 bed | €260,000 | Available |
| I8 | GF | 34 m² | 21 m² | 1 bed | €260,000 | Available |
| I9 | GF | 35 m² | 19 m² | 1 bed | €260,000 | Available |
| I10 | GF | 39 m² | 20 m² | 1 bed | €265,000 | Available |
| I11 | GF | 37 m² | 20 m² | 1 bed | €260,000 | Available |
| I12 | GF | 37 m² | 23 m² | 1 bed | €260,000 | Available |
| A1 | 1 | 50 m² | 25 m² | 1 bed | €310,000 | Available |
| A2 | 1 | 45 m² | 25 m² | 1 bed | €300,000 | Available |
| A3 | 1 | 45 m² | 25 m² | 1 bed | €300,000 | Available |
| A4 | 1 | 45 m² | 27 m² | 1 bed | €300,000 | Available |
| A5 | 1 | 48.5 m² | 24 m² | 1 bed | €295,000 | Available |
| A6 | 1 | 44 m² | 28 m² | 1 bed | €290,000 | Available |
| A7 | 1 | 36 m² | 18 m² | 1 bed | €260,000 | Available |
| A8 | 1 | 35 m² | 21 m² | 1 bed | €260,000 | Available |
| A9 | 1 | 35 m² | 19 m² | 1 bed | €260,000 | Available |
| A10 | 1 | 39 m² | 20 m² | 1 bed | €265,000 | Available |
| A11 | 1 | 37 m² | 20 m² | 1 bed | €260,000 | Available |
| A12 | 1 | 37 m² | 23 m² | 1 bed | €260,000 | Available |
| A13 | 1 | 48 m² | 20 m² | 1 bed | €285,000 | Available |
| A14 | 2 | 44 m² | 20 m² | 1 bed | €290,000 | Available |
| A15 | 2 | 41 m² | 20 m² | 1 bed | €290,000 | Available |
| A16 | 2 | 44 m² | 20 m² | 1 bed | €290,000 | Available |
| B1 | 2 | 50 m² | — | 1 bed | €275,000 | Available |
| B2 | 2 | 45 m² | — | 1 bed | €270,000 | Available |
| B3 | 2 | 45 m² | — | 1 bed | €270,000 | Available |
| B5 | 2 | 49 m² | — | 1 bed | €265,000 | Available |
| B6 | 2 | 44 m² | — | 1 bed | €260,000 | Available |
| B7 | 2 | 37 m² | — | 1 bed | €250,000◆ | Available |
| B8 | 2 | 35 m² | — | 1 bed | €250,000◆ | Available |
| B11 | 2 | 37 m² | — | 1 bed | €250,000◆ | Available |
| B12 | 2 | 38 m² | — | 1 bed | €250,000◆ | Available |
| B13 | 2 | 48 m² | — | 1 bed | €265,000 | Available |
| B14 | 2 | 44 m² | — | 1 bed | €290,000 | Available |
| B15 | 2 | 41 m² | — | 1 bed | €290,000 | Available |
| B16 | 2 | 44 m² | — | 1 bed | €290,000 | Available |
| B4 | 2 | 45 m² | — | 1 bed | — | Sold |
| B9 | 2 | 35 m² | — | 1 bed | — | Sold |
| B10 | 2 | 39 m² | — | 1 bed | — | Sold |