Sierra Residences

Sierra Residences is a new apartment project located at 9 Panetoliou, Peristeri, one of the most dynamically developing suburban districts in western Athens. With a scale of 4 floors comprising 9 apartments designed in a modern style, the project offers an opportunity to own real estate in Greece with prices starting from €255,000, eligible for the Greece Golden Visa programme.

Design and Amenities

The Sierra Residences building is constructed with contemporary architecture featuring clean lines, soft tones and green accents on each balcony. All 9 apartments are spread across the ground floor, 1st, 2nd and 3rd floors, each with bright interiors, functional layouts and spacious balconies with glass railings.

The Sierra Residences project offers 2 main types. The 1-bedroom apartments have a floor area from 30 to 50 m², suitable for investors looking for short-term rentals or young couples. The 2-bedroom apartments have a floor area from 50 to 55 m², meeting the needs of small families or long-term rentals. In addition, the C1 penthouse on the 3rd floor is a special highlight with 39 m² of interior space and a 133 m² private rooftop terrace, totalling 172 m².

All apartments are delivered fully fitted, including air conditioning for all rooms, an oven, a hob and a cooker hood. The GR1 unit on the ground floor also has an additional private parking space. Expected to be completed in May 2027, Sierra Residences offers a 3% per year rental guarantee for 6 years, creating a stable passive income for the owner.

Strategic Location in Peristeri

Peristeri is one of the largest areas in the Attica region with over 130,000 residents. The district is undergoing rapid redevelopment with complete urban infrastructure and strong growth in real estate demand.

The Sierra Residences project is located just 721m from the Agios Antonios metro station (Line 2), allowing direct travel to the centre of Athens in a few minutes. Bournazi Square nearby is a familiar meeting point with a system of cafes, restaurants and fashion shops creating a vibrant atmosphere. Essential amenities such as Sklavenitis supermarket (418m), Lidl (600m), Peristeri medical centre (657m) and many bus stops are all within walking distance.

Regarding entertainment and sports, residents can enjoy Peristeri Park (1.9km), Antonis Tritsis ecological park (3.51km) and River West Mall (2.6km). The distance to the Acropolis and the Acropolis Museum is only 4.5km, while the Athens–Lamia motorway allows convenient connection to the northern and southern suburbs. Athens International Airport is 21.42km from the project and Piraeus Port is 8.84km away.

The Investment Case and the Golden Visa

Sierra Residences is in the Peristeri area, where the €250,000 investment threshold applies for the Greece Golden Visa programme. This is the lowest investment level in Greece, while central areas of Athens, Thessaloniki and tourist islands have increased to €800,000 since 2024.

With prices starting from €255,000, the apartments at Sierra Residences meet the minimum investment threshold, helping investors and their families obtain a Greek residence permit (5-year residence card, renewable indefinitely) while having the right to free movement within the Schengen Area.

The 3% per year rental guarantee for 6 years helps investors feel secure about their passive income in the initial period. The Peristeri area, with its high population density, developed transport infrastructure and real estate prices with significant growth potential, is a suitable choice for medium and long-term investment strategies.

About the Developer

Sierra Residences is developed by Oikos Property Developments, a developer specialising in modern apartment projects in Athens and surrounding areas, catering to both owner-occupiers and residency by investment.

Apartment Summary