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Two-room buy-to-let apartment with a yield 7% in Thiseio area, Athens, Greece

115,000 €
2,555 € /m²
  • Total area
    45 m²
  • Bedrooms
    1
  • Bathrooms
    1
  • Yield
    7.0%
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Features
  • Total rooms: 2
  • 1 floor
  • Built in 1967
  • TV
  • Furnished

We offer a fully furnished apartment of 45 m² on the ground floor. The apartment is fully renovated in 2018.

The agent's fee is 2% + VAT.

Extra opportunities

We can help you get a Golden Visa (permit without tax residence) when buying a property worth €250,000 or more.

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Interior

The apartment includes a living room, a kitchen, a bedroom, and a bathroom.

Equipment

  • fully furnished
  • convector heating
  • LG air-conditioners
  • home appliances
  • TV

Advantages

  • a great option for investment purposes with a return of 8,050 euros including expenditure, VAT excluded
  • the apartment is rented for a short time via Airbnb at € 35–55 per night depending on the season

Location and nearby infrastructure

The apartment is located in the interesting and developing district of Thiseio, west of Athens' center. The name of the district was derived from the Temple of Hephaestus which was mistakenly known as Thiseion in reference to Theseus. Here are such historical monuments as the Stoa of Attalos, the Benaki Museum, the Makronis Museum, the Herakleidon Museum, the Athenaeum Conservatory.

The distance to the metro Thiseio — 400 m, the metro Keramikos — 1 km, the Athens Acropolis — 1 km.

  • Property on the map
    Location right down to the building, street or city
  • Panoramas
    Virtual tour along the streets of the neighbourhood
  • Infrastructure
    Shops, schools, transport and entertainment
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Greece.

You can see more buy-to-let apartments for sale in Athens elsewhere on our website.

Tranio helps to manage property after purchase

Our local team at Tranio Athens will take up property management or recommend Greek partners.

The terms and conditions of our engagement depend on the property and are to be discussed in each particular case.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice

Return on investment into an Athens apartment might be up to 65% over the next five years

Maximum price growth was recorded in Athens in 2019 and was 11.5%.

  • 5—6%

    annual yield on rental property

  • 7–11%

    increase in price per sq. m a year

График: динамика цен на квартиры

With the yield of 5% and the average price increase by 7% per annum

(according to 2018—2020 official data from the Bank of Greece).

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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      How to buy property with Tranio

      Enquiry

      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

      After clarifying your enquiry, we will introduce you to our partners and/or local agents.

      Offer selection

      We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

      Viewing tour

      You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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