Boulevard Residences

Boulevard Residences is a premium apartment project located in Kallithea, Athens – currently one of the fastest-growing property areas in the Greek capital. With 54 one-bedroom apartments spread over 5 floors and an investment level qualifying for the Greece Golden Visa programme from €250,000, Boulevard Residences offers a rare opportunity for Vietnamese investors to own European property, obtain Schengen residence rights, and enjoy rental yields from the day of handover.

Kallithea – The new growth hub of Athens

Kallithea is strategically located between the centre of Athens and the Riviera coast, just 5 km from the city centre – equivalent to a 15-minute drive. The name Kallithea in Greek means “beautiful view,” a place where one can take in both the ancient Acropolis and the crystal-clear Saronic Gulf. This is not merely a residential area – it is transforming into one of the most sought-after investment addresses in the Greek capital.

The property market in Kallithea is being driven by an opportunistic paradox. Athens is facing a severe shortage of housing stock that meets Energy Efficiency Class A standards, while older buildings from the 60s and 70s are being acquired and comprehensively renovated.

As a result, “turnkey” apartments here are seeing price appreciation of 7% to 9% per year – a growth rate that outperforms many other areas in Athens. While coastal areas like Glyfada or Voula have exceeded the €5,000–€7,000/m² threshold, Kallithea maintains an average price of €3,000–€3,500/m² for renovated housing – an ideal buffer for investors looking to optimise returns.

The Stavros Niarchos effect – A game-changing catalyst

The key factor driving Kallithea's transformation is the Stavros Niarchos Foundation Cultural Centre (SNFCC) – a project designed by the renowned architect Renzo Piano, the man behind architectural icons such as the Pompidou Centre in Paris and The Shard in London.

The SNFCC includes a 170,000 m² Mediterranean park, the National Library of Greece, and the Greek National Opera. Since its completion, property values in “Lower Kallithea” have recorded record growth rates in Athens, far exceeding the city centre.

Furthermore, a series of major infrastructure projects currently underway nearby continue to reinforce the potential for price appreciation: The Ellinikon Project – the largest coastal urban development project in Europe; the 22 km Aenaon Faliriko Delta coastal promenade connecting Kallithea to the entire southern coastline; and Flisvos Marina – a high-end marina located within the direct zone of influence.

Developer and Project Location

Boulevard Residences is developed by Oikos Property Developments – a firm that has successfully completed two previous projects on the same Thiseos street in Kallithea: Thiseos Service Apartments and Knowledge Student Residence. Boulevard Residences is located right on Thiseos Avenue (El. Venizelou) – one of the largest commercial axes in Greece, served by the Kallithea metro station with 4 new stations being developed in the coming years. This avenue connects directly to the centre of Athens and the port of Piraeus – the gateway to famous tourist islands.

Surrounding amenities are diverse: Panteion University and Harokopio University provide a stable source of student rental demand year-round; the Onassis Cardiac Surgery Centre and Metropolitan Hospital, both among the best in Athens, are within convenient reach.

Why It Is Suitable for Vietnamese Investors

For Vietnamese investors looking for ways to diversify assets abroad, Boulevard Residences meets many important criteria simultaneously. This is a tangible asset – directly owned, with a title deed, and capable of being rented out or resold – providing more peace of mind compared to forms of investment in funds or bonds.

The location in Kallithea provides a dual rental advantage: serving long-term rental demand from students at the two nearby universities, while also leveraging short-term rental demand from tourists thanks to its proximity to the centre of Athens.

Greece recorded tourism revenue of €20.5 billion in 2023, exceeding pre-pandemic levels by 12.3% – showing that short-term rental demand in Athens remains on a strong growth trajectory. The apartments are delivered fully fitted with electrical appliances, eliminating setup costs and time – investors are ready to rent out from the day of handover without needing to manage remotely, thanks to the rental guarantee from the developer.

In 2025, the Greek immigration authority approved 8,879 new residence permits via the Golden Visa – an increase of 95% compared to 2024, reflecting the global trend of seeking second residence rights in stable countries. With the combination of a strategic location at the heart of Kallithea's growth, competitive pricing, clear rental guarantees, and flexible payment schedules, Boulevard Residences is one of the most worthy options for Vietnamese investors looking to own European property combined with Schengen residence rights in 2026.