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New apartments in a historic building for obtaining a residence permit and rental income, Kypseli, Athens, Greece

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  • Balcony or terrace
  • Furnished

Small three-level building in Art Deco style. The second floor has a second level with living rooms and a large open rooftop terrace. An exquisite grand staircase with curved railings and stained-glass windows became the main decoration of the entrance.

The building is under full renovation with the replacement of all communications, roof repairs, redevelopment, preservation and restoration of decorative elements, as well as landscaping of the courtyard and rooftop terrace. The estimated completion date for the renovation is August 2021.

5 old apartments will be converted into 11 new ones. These will be studios, one- and two-bedroom apartments, each with an area of ​​40 to 120 m². After the reconstruction, all the apartments will be refurbished, new plumbing fixtures and kitchen furniture will be installed. At the request of the investor, we can furnish and decorate the apartment. The amount of additional payment will be about 5–10 thousand euros, depending on the area.

Please, contact our manager and ask about the availability of apartments.

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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Financial performance

The local Tranio team will help you rent the apartment and organize the management of the property.

Estimated rental yield is 4–5% per annum, depending on the apartment.

Transaction costs

Costs include:

  • transfer tax — 3.09%
  • notary — 1.5% + VAT
  • lawyer — 1.5% + VAT
  • state fee — 0.7%

Location and nearby infrastructure

The house is located in the Kypseli district, on a cozy green Tinou street. In the 60s Kypseli had the status of an elite district for the upper class. Today it is a multicultural area of Athens with many shops, cafes and everything you need to live.

Victoria metro station and other public transport stops are within a 7-minute walk from the house. One of the main avenues of Athens is located in the immediate vicinity.

  • Property on the map
    Location right down to the building, street or city
  • 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.

Get a Greek residence permit with property purchase from 250,000 EUR.

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      How to buy property with Tranio


      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).


      • 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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