Ellada: construction, prices and buying terms

Ellada is built by Gefest. The complex stands in the Prymorskyi district, on Henuezka Street, it is business class, and the planned completion year is 2028. Apartments run from 22-218 m², 1 to 3 rooms. It is a complex of several numbered buildings handed over in turn: Ellada 2, Ellada 4 and onwards.

Everything about this complex is gathered here in one place: the timeline from the site reports, what is on sale, the terms people buy on, and what is worth checking here specifically. These reports used to appear as separate monthly news items, and now they are here.

What the complex is

The complex is handed over section by section rather than as one building: the catalogue shows the term as 2024-2028, which means part of it is already with its owners and part is still going up. That matters to a buyer for two reasons. First, the neighbouring sections can be seen for real rather than in a render, so it is clear what finished looks like. Second, an apartment in a new section is bought at a stage where the deadline can still slip, so look at the deadline of your section rather than of the whole complex.

The buildings here are numbered, and the number is not the order of readiness. In 2025 keys were handed over in Ellada 2 while sales opened in Ellada 4: an occupied building and one only just put on sale stand side by side. Ask not about the deadline of the complex but about the number of the building and its own deadline.

Gefest has been building in Odesa for years. The list of its complexes, with how many are on sale now, is on the developer page.

Construction timeline

From the reports published from the site. Each entry is a date and what it said.

• 21 February 2025: site report
• 4 April 2025: site report
• 11 May 2025: sales opened for a phase: Ellada 4
• 11 May 2025: site report
• 2 July 2025: a phase commissioned: key handover in Ellada 2
• 13 August 2025: site report

What this shows: sections are handed over to their owners rather than staying a promise. A key handover is the strongest confirmation a new build can offer.

Prices and what is on sale

Prices here change with the stage and the section, so there is no sense in freezing them into an article. The current price list, the layouts and what is on sale today are on the Ellada page.

For comparison with the market: a metre across Odesa apartments now costs 952 $, and a metre in a new build is almost always dearer than one on the resale market for the same floor area. Prices by district are on the apartment prices in Odesa page.

Buying terms

An apartment here is bought outright, on instalments from the developer, or with a loan. Instalments are a contract with the developer itself; there is usually no interest, but there is no consumer credit protection either, and all you have is the text of the contract. Read the clause on revising the price during the instalment period and the clause on late payment from your side.

A new build can be bought with a mortgage or under a state programme. The bank checks the developer and the land documents itself, and a refusal from it is a strong signal to look more closely.

We take no commission from the buyer: the apartment sells at the developer price and the developer pays the agency fee.

What to check here specifically

The completion date and what happens if it slips: the developer responsibility for the deadline belongs in the contract, not in conversation. Then title to the land and the lease term, the construction permit, and whether the number of storeys in it matches what is sold.

Parking separately: how many spaces against the number of apartments, and whether a space is included in the price. And building management separately: who runs it after handover and whether there is a one off fee when the keys are handed over. A buyer hears about these two sums last and pays them first.

document and developer checks.

People usually compare Ellada in Odesa with: Burshtynovyi in Ilichanka, Yaspys in Ilichanka, state programmes, document checks, eOselia.