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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
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
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
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

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%




Property Showcase - Greece

image: House for sale in Mykonos
House $7,969,455
image: Hotel for sale in Agios Nikolaos
Hotel $1,355,489
image: Hotel for sale in Elounda
Hotel $2,247,795

 


Comments

#1 CAROL MANN | June 03, 2008

Could you please advise me when the information for Greece is likely to be updated? Many thanks.

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