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Ellada: construction progress, 4 April 2025

FAKTOR team
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A photo report on construction at Ellada has been published for April 2025. At the date of this event roughly 3 years remained before planned completion.

Ellada is being built by Гефест. The complex stands in the Prymorskyi district, on Генуэзская street, housing class бізнес, completion in 2028. As at October 2026 we hold 36 apartments here, the cheapest from 170 000 dollars, with the complex averaging 1 350 dollars per square metre. This developer has 21 residential complexes in Odesa and has been building since 2004.

What this means for a buyer

A square metre here costs 1 350 dollars against 1 584 on average for the Prymorskyi district, roughly 234 less. The difference is not in build quality: the price simply has not yet been lifted to the district level. The building is still going up, and at this stage the price sits below what it will be after commissioning.

What to check in this complex

Apartment sizes in the complex run from 35.00 to 98.00 square metres. Completion is due in 2028, so check the contract for a date rather than a quarter, and for the developer liability if it slips. The cheapest apartment here starts at 170 000 dollars, while entry to the Prymorskyi district generally starts at 11 000, so this complex is not at the bottom of its district.

What to do next

Our apartments in this complex can be seen on its page. If you are looking beyond this complex, there is a selection of apartments in the Prymorskyi district nearby, showing what neighbouring buildings sell for.

Looking for an apartment in Odesa?

We will shortlist options for your budget and guide the deal from the first viewing to signing.

FAKTOR team
Real estate agency: sales, new developments, rentals and legal support of deals in Odesa.
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