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Apartment package for a residence permit with a guaranteed yield of 3% in the area of Agios Panteleimonas, Athens, Greece

290,000 €
2,320 € /m²
  • Total area
    125 m²
  • Bedrooms
    2
  • Bathrooms
    2
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Features
  • Total rooms: 4
  • 7-floor building
  • Balcony or terrace
  • Elevator
  • Fully finished
  • Equipped with household appliances
  • Floor-to-ceiling windows
  • Lots of natural light
  • Quality sanitary ware

Two renovated apartments in a seven-level residential building for a rental business.

The apartments have kitchens. At the request of the investor, we can furnish and decorate the apartment. The amount of additional payment for two units will be 10 thousand euros. Each apartment comes with small storage room in the basement of the house.

The apartments are suitable for couples with an average budget, working in the center, in the hotel business. There are hotels nearby (Centrotel Hotel, Novotel Athens, Athens Iris Hotel, Radisson Blu Park Hotel Athens, etc.), cafes and restaurants (Bulgaria Restaurant, MIRONI Greek Restaurant, ABC Indian Restaurant, etc.).

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

Each of the apartments consists of a living room with an open kitchen, a bedroom, a bathroom. One of the units has a balcony.

Advantages

The investor and his whole family receive a residence permit when buying several apartments with a total value of € 250,000.

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

You can purchase property remotely. At the request of the client, we can organize virual viewing of apartments.

Infrastructure

Near the property there are supermarkets and shops, public transport stops, a bank, car rental and public parking.

Location

Agios Panteleimonas is a district of Athens, formed around the church of St. Panteleimon. It is placed between the Kato Patisia and Kypseli districts. Here located the National Archaeological Museum of Athens.

House is in the immediate vicinity of St. Panteleimon square, where is located the largest Orthodox church in Athens.

The convenient location and accessibility of public transport allow you to quickly reach all areas of the city, including the central — Plaka, Monastiraki (15–20 minutes), where shops, cafes, restaurants and the city's attractions are concentrated.

  • 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 apartments for sale in Greece.

You can see more 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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        Head of Sales
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