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Apartment package for a residence permit in Lofos Skouze area, Athens, Greece

261,000 €
2,394 € /m²
  • Total area
    109 m²
  • Bathrooms
    3
  • Yield
    4.5%
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Features
  • 6-floor building
  • Built in 2022
  • Balcony or terrace
  • Elevator
  • Fully finished
  • Equipped with household appliances
  • Lots of natural light
  • Quality sanitary ware

A six-story residential building in one of the central districts of Athens. The project involves major repairs with the replacement of all utilities, elevator replacement, roof repair, remodeling, repair of the facade and the entrance group and landscaping of the courtyards. After the reconstruction, all apartments will be finished with new plumbing and a fitted kitchen.

The investor gets a package of apartments for rent, with a warranty for the repair. At the investor's request, we can furnish and equip the apartment. The amount of surcharge will be 5–10 thousand euros on average, depending on the area.

Photos show an example of a completed Tranio project.

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

  • Ground floor studio of 28 m² with a spacious room.
  • One-bedroom apartment of 47 m² on the first floor with a separate bedroom and a living room, combined with the kitchen. Windows face the quiet street.
  • Studio of 34 m² on the fourth floor with a spacious room. Windows face the courtyard, apartment 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 apartment and organize the management of the property. The approximate rental yield is 4.5% per annum.

You can purchase property remotely.

Location and nearby infrastructure

The building is located in one of the central districts of Athens, Skouze Hill. It is a quiet residential neighborhood, built mainly in the 1940s.

The neighborhood is located between two metro stations (Sepolia and Attiki), with two of the city's three lines running through them. This allows you to quickly reach all areas of the city, including the central ones — Plaka, Monastiraki (20–25 minutes), where shops, cafes and restaurants and the city's attractions are concentrated.

Good transport connections, the size of apartments and low rents will attract a wide range of potential tenants.

Athens University of Economics and Business, the most prestigious institution of economic education and the third among the oldest universities in the country, is a 20-minute walk away.

The main Athens train station is less than 1 km from the building.

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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      Ekaterina Maslova
      Ekaterina Maslova,
      Senior Residence and Citizenship 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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        Marina Filichkina,
        Head of Sales
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