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MVR 19 and Patras

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Current project · Patras

MVR 19, seen through the Golden Visa: what is done and what is not

MVR 19 is an office building on Mavromataion Street in Patras being converted into 7 residences, designed for the €250,000 change-of-use route. We are its developer and the publisher of this site, so this page sets out the facts, the open points and the estimated dates as plainly as we can.

Sources last checked October 14, 2026Independent legal review pendingGeneral information, not legal advice

Concept render of the converted building from a neighbouring roof: layered balconies, bronze bands and the roof pergolaConcept render · illustrative

The project in brief

  • Where: Mavromataion Street, south Patras, about 2 km from the city centre and about 1 km from the port.
  • What: 7 residences of 40.72 m² to 91.16 m² on four floors, one to three bedrooms, each with its own basement storage room; the top-floor penthouse with the roof garden in the concept design.
  • Price: €250,000 each for six residences; the penthouse on request. The full price is recorded in the deed; taxes and fees are extra.
  • The route: designed for the €250,000 change-of-use route. Eligibility is subject to completion of the change of use and to the Greek authorities’ decision.
  • Timing: the developer’s delivery target is Target Q4 2027, by December 31, 2027, an estimate that depends on permits and the authorities.
  • Developer: TPL S.A., Patras. Architecture: ARCHRAY Architects.

The building today, and as designed

Drag the divider to compare the facade today with the concept design.

Photo of the building's front facade today, perspective-corrected to match the concept renderPhoto · the building today
Concept render of the same facade after the planned conversion, with new balcony bands and an entrance in stoneConcept render · illustrative
Left: a drone photograph of the facade today, corrected for perspective to match the render. Right: concept render by ARCHRAY Architects, illustrative. The two views are close but not identical. The photo of the building today has been perspective-corrected to line up with the concept render; the two framings are close but not identical. The render shows the concept design and is illustrative, not a photograph.

Four floors, seven residences

Choose a floor to see its residences. Each residence links to its own page.

A diagram from the concept design, not to scale and not a render. The lift is in the concept design, to be confirmed.

Diagram · not to scale
  1. Roof
    Roof garden of Residence C1 (concept design)
  2. 3rd floor
  3. 2nd floor
  4. 1st floor
  5. Ground floor
  6. Basement

    7 storage rooms, one for each residence

    1. Storage room 1, with Residence B2
    2. Storage room 2, with Residence C1
    3. Storage room 3, with Residence A2
    4. Storage room 4, with Residence B1
    5. Storage room 5, with Residence GF1
    6. Storage room 6, with Residence A1
    7. Storage room 7, with Residence GF2
A diagram of MVR 19 drawn from the concept design: the floors, the residences on each floor and the basement storage rooms. Not to scale, and not a render.

The up and down arrow keys move between floors.

Each condition of the route, and where MVR 19 stands

Condition of the €250,000 routeWhere MVR 19 stands (September 28, 2026)
The property was not residential on 5 April 2024Evidence being assembled; independent counsel’s written opinion estimated in Q4 2026
A permitting act for the change of use, issued on or after 5 April 2024Not yet issued; estimated Q1 2027
The conversion completed before anyone appliesWorks estimated in 2027; delivery target Q4 2027
A price of at least €250,000 in the deedSix residences at €250,000; the penthouse on request
Full payment before the application, through a bank in GreeceAt the deed, into TPL S.A.’s account at a bank in Greece
One property for each applicationEach residence with its own deed, its storage room planned in the same deed

The documents your lawyer will ask for

DocumentStatus
Evidence of the legal use on 5 April 2024In preparation
Independent counsel’s written opinionEstimated Q4 2026
Change-of-use permitting actWhen issued (estimated Q1 2027)
New horizontal-property deed, with each residence and storage roomWhen signed (estimated first half of 2027)
Engineer’s report on the completed change of useAt completion
Payment instructionsOnly in a signed agreement, confirmed by phone

Your lawyer can ask us for each document as it is issued. Do not rely on our summary: read the documents.

Where the project stands

Status as of September 28, 2026

  1. CompletedJanuary 2026

    Concept design

    The architects’ design turns the building into 7 residences on four floors, each with a storage room, and the roof garden above the penthouse.

  2. In progressEstimated Q4 2026

    Title and legal-use evidence

    Assembling the evidence that the building’s legal use on 5 April 2024 was not residential, as the route requires, and independent Greek counsel’s written opinion on it.

  3. UpcomingEstimated Q1 2027

    Change-of-use permitting act

    The act that changes the use to residential, issued by the authorities on their timetable.

  4. Open nowOpen since September 28, 2026

    Reservations

    Written reservations with a pre-payment of 10% of the price, part of the price and refunded in full if the permitting act is not issued.

  5. UpcomingEstimated first half of 2027

    New horizontal-property deed

    Creates the separate residences and divides the basement store into the storage rooms; fixes the roof garden’s allocation to the penthouse.

  6. UpcomingEstimated 2027

    Conversion works

    Structure, services, finishes, balconies and the roof garden, under the permits and an engineer’s supervision.

  7. UpcomingTarget Q4 2027, by December 31, 2027

    Completion and handover

    The change of use completed and certified in an engineer’s report; the residences handed over together.

  8. UpcomingEstimated early 2028

    Buyers’ Golden Visa applications

    After completion and full payment, each buyer’s lawyer can file. The authorities decide.

Every future date is an estimate or a target. Timelines depend on permits and the authorities, and no date is guaranteed.

See project progress

Who is building it

TPL S.A. is a company based in Patras, active in e-commerce and logistics; MVR 19 is its first residential project. We say this plainly because you should weigh it: the building is designed by ARCHRAY Architects, and the works will be carried out under permits and an engineer’s supervision, but we have no earlier residential projects to show you. You can check the company in the public registries yourself.

Where it is

Mavromataion Street is in south Patras, a residential area between the port and the city’s hospitals. On foot or by short ride: the South Port passenger terminal about 1 km in a straight line, St Andrew General Hospital 1.5 km, the city centre about 2 km, and the University of Patras campus at Rio 9.4 km by road. Living in Patras describes the city around it.

The official project website

Sources

  1. Law 5038/2023 (Migration Code), art. 100, as replaced by Law 5100/2024, art. 64 (accessed October 13, 2026)
  2. Circular 1/2026 of the Ministry of Migration and Asylum (Prot. 72019, 21.04.2026), on Diavgeia (accessed October 13, 2026)
  3. mav19-goldenvisa.com, the official MVR 19 project website (residences, timeline, developer) (accessed October 13, 2026)

Read next

Seven residences, seven separate properties

Compare them by size, floor and bedrooms. Each is one purchase by one applicant.

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