Buying property in Greece involves evaluating location, price, design and investment potential, but there is another factor buyers should understand: the construction year of the building.
In a country with significant seismic activity, earthquake safety is closely connected to the regulations in place when a property was constructed. Greece’s seismic codes have developed considerably over the decades, meaning two buildings of different construction periods may have been designed according to very different structural requirements.
Understanding these differences should form part of the due diligence process when considering property investment in Greece.
The evolution of seismic regulation in Greece can broadly be divided into four periods.
Before 1959, there was no national seismic code. Properties from this period can therefore require particular attention unless certified structural upgrades have subsequently been completed.
From 1959 to 1984, Greece’s first seismic regulation introduced basic earthquake protection, although construction did not yet incorporate the reinforced detailing associated with modern standards.
Between 1985 and 2002, stricter seismic requirements were introduced, improving the standards applied to new buildings.
From 2003 onwards, construction entered the modern seismic era, with EAK 2003 and Eurocode 8 introducing more advanced reinforced concrete requirements, soil testing and engineering designed to improve structural performance during severe seismic activity.
The construction year is only part of the picture. Older properties can also present less obvious concerns that may not be apparent during a standard viewing.
These can include:
For properties built before 1985, a structural assessment by a licensed civil engineer is an important step before purchasing.
At Velment, we believe buyers should have a clear understanding of the property they are considering. Transparency around construction and structural considerations is an important part of making an informed real estate decision.
Built in 2007, Lopes Residences was constructed within Greece’s modern seismic era, with compliance with EAK 2003 and Eurocode 8.
Located in Paiania, Attica, the development is approximately 12 minutes (13.3 km) from Athens International Airport and around 30 minutes from central Athens. Restaurants and shops are within a five-minute walk, giving residents convenient everyday access while retaining the quieter character of suburban living.
The development comprises 11 apartments across three low-rise levels, including five one-bedroom apartments and six studios. It holds an Energy Efficiency Class A rating and includes private parking and storage for every apartment.
Residents also benefit from a landscaped garden, communal swimming pool, BBQ area and a roof garden with 360-degree open views, including a clear view towards Mount Hymettus, the limestone ridge that defines much of Athens’ eastern skyline.
For investors, Lopes Residences brings together modern construction standards, connectivity and practical lifestyle features in one development.
With prices starting from €260,000, the apartments are also eligible for the Greek Golden Visa, adding another consideration for international buyers seeking a property investment alongside residency opportunities in Greece.
Understanding what sits behind a property is just as important as what you see during a viewing. Construction standards, structural history and professional due diligence can all help buyers make better-informed decisions.
Explore Lopes Residences and currently available units through Velment.
Contact the Velment team at info@velment.com for tailored guidance.
