Three 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.

All spaces are furnished, refined with high-end quality interiors, and equipped with all the necessary appliances.

They are featuring large kitchens and ample living spaces, and are furnished and elegantly decorated in neutral tones.

Each apartment is suitable for both long and short term lease, with an approximate rental price of 500 Euro per month or 100 Euro per day.

The three apartments are estimated to generate a total income of 18.000 Euro per year if rented long term, and of 87.600 Euro per year if used as short term rentals with an average occupancy of 80%.

These units have everything in place for investors who are looking for high rental income prospects.

Three 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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