Greece: House Prices, Rents, and Rental Yields
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Last Updated: Aug 06, 2009
Athens yields are very low
| Last Updated: Aug. 6, 2009 | |||||
| ATHENS - CENTER APARTMENTS |
COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 60 sq. m. | 343,680 | 782 | 2.73% | 5,728 | 13.03 |
| 120 sq. m. | 794,640 | 1,642 | 2.48% | 6,622 | 13.68 |
| ATHENS - SUBURB APARTMENTS |
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| 75sq. m. | 257,400 | 811 | 3.78% | 3,432 | 10.81 |
| 120 sq. m. | 439,560 | 1,180 | 3.22% | 3,663 | 9.83 |
| 200 sq. m. | 855,600 | 2,130 | 2.99% | 4,278 | 10.65 |
| ATHENS - SUBURB HOUSES |
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| 150 sq. m. | 607,350 | 1,367 | 2.70% | 4,049 | 9.11 |
| 250 sq. m. | 1,092,500 | 2,508 | 2.75% | 4,370 | 10.03 |
| 350 sq. m. | 1,290,450 | 3,665 | 3.41% | 3,687 | 10.47 |
| 500 sq. m. | 1,984,500 | 4,800 | 2.90% | 3,969 | 9.60 |
| CRETE - VILLAS |
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| 55 sq. m. | 104,610 | 430 | 4.93% | 1,902 | 7.81 |
| 120 sq. m. | 212,640 | 605 | 3.41% | 1,772 | 5.04 |
| Districts researched: Athens Center: Kolonaki Athens Suburbs: Kifisia; Psichiko, Glyfada Crete: Chania; Rethymnon; Apokoronas, Aghios Nikolaos, Elounda Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Gross rental yields on properties in Athens are very low, ranging from 2.48% to 3.8%. Yields have fallen substantially since 2007, when they were ‘moderate to good’ at 5% to 7%, but are little changed over the past year.
Athens suburban houses have average yields of 2.94%.
Apartments in central Athens of between 60 square metres (sq. m.) and 120 sq. m range in cost from €343,680 to €794,640. Apartments in the suburbs are slightly less pricey, ranging from €257,400 to €439,560 for similar sized apartments.
In Crete, the average apartment price is €1,837 per sq. m., with average yields of 4.17%
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Your Comments
posted by Carol Mann | 2008-06-03
Communications Director, UK
Could you please advise me when the information for Greece is likely to be updated? Many thanks.
posted by our Editor: Matthew Pollock | 2008-06-03
Greek yields will be updated this July