kathimerini.gr
30% of Glyfada's €30 Million One G Luxury Complex Presold
Day Group's €30 million One G luxury residential complex in Glyfada, Greece, is 30% sold before its spring 2026 completion, reflecting strong demand and prices exceeding €10,000 per square meter, showcasing the robust luxury real estate market in the Athenian Riviera.
- How does the One G project exemplify broader trends in the Greek luxury real estate market?
- Strong demand for luxury properties on the Athenian Riviera drives price increases, attracting developers like Day Group. The One G project, a repurposed property purchased from auction for €18 million, exemplifies this trend with its high pre-sale rate and planned luxury features.
- What factors are driving the high demand and prices for luxury residential properties in Glyfada, Greece?
- The One G luxury residential complex in Glyfada, Greece, is 30% sold before its spring 2026 completion, reflecting high demand and prices exceeding €10,000 per square meter. This €30 million project, developed by Day Group, includes 15 apartments and will feature luxury amenities.
- What are the potential long-term implications of this investment for the Glyfada real estate market and the broader Athenian Riviera?
- The One G project's success indicates a robust market for high-end properties in Glyfada, attracting both domestic and international investment. This suggests future development in the area and further price appreciation, driven by limited supply and continued high demand.
Cognitive Concepts
Framing Bias
The framing is largely neutral, focusing on factual details about the project's development, market context, and financial aspects. The positive aspects of the project are presented, but this is balanced with information about its acquisition and development costs. The headline (if any) would be crucial in assessing framing bias, but was not provided.
Sustainable Development Goals
The development of luxury housing in Glyfada, Greece, contributes to increased inequality by concentrating wealth and resources in the hands of a select few, potentially exacerbating the gap between the rich and the poor. The high cost of these properties (over ,000 per square meter) makes them inaccessible to the majority of the population. This project, while generating economic activity, does not address the needs of lower-income groups and may worsen social disparities within the community.