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№ 1,861,497
  1. Overseas property
  2. Greece
  3. Attica
  4. Athens
  5. Buy-to-let apartments
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Buy-to-let studio with a 6.9% yield, a veranda and views of the Acropolis, near the metro station, Athens, Greece

52,000 €
2,000 € /m²
  • Total area
    26 m²
  • Bathrooms
    1
  • Yield
    6.9%
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Description
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Total rooms
1
Bathrooms
1
Floors
5
Floor
5
Yield
6.9%
Location
Athens

We offer for sale the buy-to-let apartment of 14 m² with a modern finish, a large veranda of 12 m² and views of the Acropolis of Athens on the top floor of a five-story residential building, equipped with an elevator. The apartment was rented for 300 euros per month until May 14, 2021 with the possibility of renewal.

Facilities and equipment in the house
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  • air conditioning
  • elevator
  • built-in kitchen
  • washing machine
Features
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  • Balcony or terrace

    Balcony or terrace

The flat consists of an entrance hall, an equipped open-plan kitchen, a dining area, a sleeping and relaxing area, a bathroom, and a veranda.

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 yield is 6.9%.

Transaction costs

Notary — 1,5% + 24% VAT.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

Location and nearby infrastructure

The property is located at Sfiggos 48, Athens, 11745 in an area with a developed infrastructure, in the immediate vicinity of the Sygrou-Fix metro station, near two cafes, two supermarkets, a cinema and the Onassis cultural center, 2.7 km from the Acropolis of Athens.

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What is the cost of maintaining the property? How much should I budget for legal arrangements? Can I rent this property out?
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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.

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  • 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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    • We book a project worth at least 500,000 € in Athens

    • We obtain a third-country passport under one of the state programmes

    • Until 31 December, we close the deal in Athens and get a residence permit with a new passport

    • Tranio takes over the management of your apartment in Athens

    Discuss the details
    Tranio exclusive: Greek residence permit through a third country’s passport
    Safe haven: Greek residency by investment
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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).

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      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 and Latvia 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 Turkey passport by buying a property worth at least $400,000.

      • 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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