MVR 19 · Progress

Where MVR 19 stands today, milestone by milestone

A dated record of the project, with completed stages marked as such and every future date labelled as an estimate or a target. We update it when something changes, and we keep the history.

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

The stages

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.

Targets and estimates, not guarantees. Stages that depend on the authorities can move.

What each stage means for a buyer

StageFor you
Title and legal-use evidenceAsk your lawyer to review counsel’s opinion when it is issued.
Change-of-use permitting actThe key document for the route. Until it exists, the reservation pre-payment is refundable in full.
New horizontal-property deedCreates your residence as a separate property, with its storage room.
Completion and handoverFrom this point the change of use is complete and an application can be filed once you have paid in full.

If dates move

Permits, the authorities, the building survey and the works can all take longer than planned. If a date moves, we change it here with the date of the change. What a delay means for your purchase is set out in your written reservation agreement; have your lawyer check it before you sign.

Update log

DateWhat changed
September 28, 2026Status published: concept design completed; title and legal-use evidence in progress; reservations opened.
October 14, 2026This page published on 7visas.com. No change to the stages.

How we update this page

When a stage is completed we add the date and, where it can be published, the document that proves it. Your lawyer can ask us for the documents themselves at any time.

Verify before you invest

How to check who we are, what we own and where any payment goes, independently of us.

How to verify us
WhatsApp us