Greece: House Prices, Rents, and Rental Yields
Country Rating » 
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Tax on Rent (Example)
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Useful Links
- Country Statistics
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Price Change 1 yr
- Price Change 5 yrs
- Price Change 10 yrs
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
- Taxes on Residents
Gross yields in Greece are moderate
| Last Updated: Jul. 6, 2007 | |||||
| CRETE1 - Villas & Houses w/pool |
COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 70 sq. m. | 143,290 | n.a. | n.a. | 2,047 | n.a. |
| 100 sq. m. | 229,100 | n.a. | n.a. | 2,291 | n.a. |
| 130 sq. m. | 285,480 | n.a. | n.a. | 2,196 | n.a. |
| 170 sq. m. | 332,180 | n.a. | n.a. | 1,954 | n.a. |
| 200 sq. m. | 453,400 | n.a. | n.a. | 2,267 | n.a. |
| 250+sq. m. | 648,250 | n.a. | n.a. | 2,593 | n.a. |
|
1 Chania, Apokoronas, Kydonia, Rethymno, Iraklion, Souda Source: Global Property Guide |
|||||
| Last Updated: Jun. 2005 | |||||
| ATHENS | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | 80,000 | 400 | 6.00% | 1,600 | 8.00 |
| 80 sq. m. | 150,000 | 700 | 5.60% | 1,875 | 8.80 |
| 120 sq. m. | 220,000 | 1,000 | 5.45% | 1,833 | 8.30 |
| 200 sq. m. | 280,000 | 1,600 | 6.86% | 1,400 | 8.00 |
| ATHENS - Suburbs | |||||
| 80 sq. m. | 120,000 | 600 | 6.00% | 1,500 | 7.50 |
| 120 sq. m.+grd | 180,000 | 900 | 6.00% | 1,500 | 7.50 |
| 250 sq. m.+grd | 330,000 | 1,800 | 6.55% | 1,320 | 7.20 |
| MAIN ISLANDS - Seaside Properties |
|||||
| 50 sq. m. | 80,000 | 400 | 6.00% | 1,600 | 8.00 |
| 80 sq. m. | 150,000 | 680 | 5.44% | 1,875 | 8.5 |
| 150 sq. m. | 280,000 | 1,200 | 5.14% | 1,867 | 8.00 |
| 200 sq. m. | 350,000 | 1,700 | 5.83% | 1,750 | 8.50 |
| Source: Global Property Guide | |||||
Yields from properties in Athens range from 5.5% - 7%, while similar properties in the suburbs have relatively higher yields, ranging from 6% - 7%.
Yields on seaside properties on the main islands range from 5% - 6%. The rental most of these properties is seasonal, reaching its peak between June-September. During these months, yields can go as high as 30%.
The costs of apartments in Athens can range from €80,000 to €280,000 on apartments of between 50 sq. m. and 200 sq. m. Seaside properties on the main islands are more expensive, with prices ranging from €80,000 to €350,000, for similar sized apartments.
There are many off-plan properties, as well as very old stone houses in Crete. Villas and houses that were recently renovated cost from around €100,000 to more than €600,000. The average price is at €2,225 per sq. m.
Global Property Guide does not cite rental yields figures in Crete because rents here are seasonal.
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
Your Comments
Be the first to comment!