Six Apartments for sale in Thessaloniki

The lobby of the building and the facades have already been completed, boasting an impressive and welcoming entrance creating a relaxing atmosphere.

There is also a beautiful garden for one to enjoy their brakfast or just a relaxing cocktail, while also bicycles will be available for all tenants/ guests to use during their stay, as to explore the fascinating city of Thessaloniki.

The area is easily accessible by all means available and provides everything a guest needs within minutes’ reach. The units are just a few minutes walking distance away from boutique shops, supermarkets, restaurants, and the coast lined with things to do on a daily basis.

There are four deluxe apartments sand two studios, all coming fully furnished and elegantly decorated in neutral tones, and equipped with all electric appliances.

They are suitable for both short and long term rent, and both options are guaranteed to generate a healthy income.

The studios can be rented out for 450 Euro per month and the apartments for 550 Euro per month, which results to a total annual income of 36.000 Euro from all six units.

In case they are used as holiday rentals offered on a daily baisis, the apartment can be offered at 120 Euro per night and the studio at 80 Euro per night, generating a total income of 175.000 Euro for all six units with an average occupancy of 80%.

This is a golden investment opportunity for savvy buyers looking to invest in the heart of Thessaloniki, in a property meant to be successful.

Six Apartments for sale in Thessaloniki Location Information:

Thessaloniki Greece (or Salonica), the capital of Macedonia Prefecture, is the second largest city in Greece, after Athens. In fact, the town is honorarily called co-capital, for its historical and administrative importance.

The history of the town started in ancient times and due to its strategic location, it played an important economic and political role in the wider region of the Balkans.

Thessaloniki’s real estate has salvaged its appeal for both domestic and foreign investors. In 2019, the city’s real estate market pivoted to the upward direction due to the growth of Greece’s economy after the recession. Also, the country’s position in the eurozone serves as a boost to prospective investors.

Real estate investment is a major example; according to the Bank of Greece, the amount of direct foreign investments in the property market amounts to €500 million.

Another major boost for the real estate market is the potential rental returns from the flourishing short-term rental market. Since the city is a booming tourist destination, it creates a high demand for rental properties.

Statistics show that records over 3 million tourist visits annually, and this is good news for rental property investors.

Thessaloniki holds a prominent position in Greece’s economy. This is one good reason why investing in real estate in the city is a wise investment choice.

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