Rental yields are moderate to good in Athens, with surprisingly higher yields in Athens’s suburbs

Residential Valuation Specialist | November 04, 2022

Last Updated: Sept. 27, 2022
ATHENS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Patision - Acharnon
Studio €60,000 €400 8.00%
1-Bedroom €95,000 €525 6.63%
2-Bedroom €130,000 €600 5.54%
3-Bedroom €152,500 €750 5.90%
4+Bedroom €250,000 €900 4.32%
Ampelokipoi - Pentagon
Studio €120,000 €600 6.00%
1-Bedroom €185,000 €800 5.19%
2-Bedroom €240,000 €1,040 5.20%
3-Bedroom €270,000 €1,200 5.33%
Kipseli
Studio €68,000 €450 7.94%
1-Bedroom €120,000 €580 5.80%
2-Bedroom €200,000 €650 3.90%
Pagkrati
Studio €120,000 €530 5.30%
1-Bedroom €210,000 €835 4.77%
2-Bedroom €280,000 €990 4.24%
Neos Kosmos
Studio €97,000 €550 6.80%
1-Bedroom €175,000 €730 5.01%
2-Bedroom €240,000 €850 4.25%
Kolonaki - Lykavittos
Studio €190,000 €1,000 6.32%
1-Bedroom €480,000 €1,600 4.00%
2-Bedroom €630,000 €2,200 4.19%
3-Bedroom €1,200,000 €2,800 2.80%
4+Bedroom €1,100,000 €3,600 3.93%
Attiki
Studio €60,000 €420 8.40%
1-Bedroom €90,000 €498 6.64%
2-Bedroom €120,000 €625 6.25%
Patisia
Studio €55,000 €400 8.73%
1-Bedroom €95,000 €480 6.06%
2-Bedroom €150,000 €600 4.80%
Athens avg. Rental Yields 5.59%
THESSALONIKI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center
Studio €97,000 €450 5.57%
1-Bedroom €140,000 €550 4.71%
2-Bedroom €242,500 €700 3.46%
3-Bedroom €365,000 €1,500 4.93%
Analipsi - Mpotsari - Nea Paralia
Studio €97,500 €420 5.17%
1-Bedroom €135,000 €550 4.89%
2-Bedroom €225,000 €650 3.47%
3-Bedroom €310,000 €750 2.90%
Toumpa
Studio €115,000 €380 3.97%
1-Bedroom €139,000 €500 4.32%
2-Bedroom €285,000 €600 2.53%
Faliro - Ippokratio
Studio €95,000 €400 5.05%
1-Bedroom €135,000 €500 4.44%
2-Bedroom €169,000 €600 4.26%
3-Bedroom €253,000 €1,000 4.74%
Voulgari - Ntepo - Martiou
Studio €94,000 €420 5.36%
1-Bedroom €140,000 €550 4.71%
2-Bedroom €230,000 €690 3.60%
Charilaou
Studio €85,000 €440 6.21%
1-Bedroom €130,000 €550 5.08%
2-Bedroom €188,500 €550 3.50%
Vardaris - Lahanokipi
Studio €69,000 €385 6.70%
1-Bedroom €90,000 €430 5.57%
2-Bedroom €96,000 €445 5.56%
Ano Poli
Studio €70,000 €350 6.00%
1-Bedroom €109,000 €450 4.95%
2-Bedroom €170,000 €600 4.24%
Thessaloniki avg. Rental Yields 4.71%
KAVALA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Kavala (all locations)
Studio €57,500 €300 6.26%
1-Bedroom €85,000 €350 4.94%
2-Bedroom €150,000 €450 3.60%
Kavala avg. Rental Yields 4.93%
PATRA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Patra (all locations)
Studio €55,000 €350 7.64%
1-Bedroom €75,000 €450 7.20%
2-Bedroom €120,000 €600 6.00%
3-Bedroom €137,000 €600 5.26%
Patra avg. Rental Yields 6.52%
HERAKLION - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Heraklion (all locations)
Studio €77,000 €380 5.92%
1-Bedroom €120,000 €600 6.00%
2-Bedroom €190,000 €750 4.74%
3-Bedroom €265,000 €900 4.08%
Heraklion avg. Rental Yields 5.18%
VOLOS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Volos (all locations)
Studio €70,000 €400 6.86%
1-Bedroom €100,730 €450 5.36%
2-Bedroom €136,000 €500 4.41%
Volos avg. Rental Yields 5.54%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Get updated rental yields data for 75 countries

Gross rental yield is the rent the landlord will earn - before taxation, vacancy costs, and other costs - compared to the property´s purchase price.

In central Athens, specifically Athens Historical Center and Kolonaki - Lykavittos, gross rental yields range from 2.80% to 6.32%.

Smaller apartments tend to have higher rental yields than larger ones.

Central Athens’ average two-bedroom apartment price is around EUR 630,000, while in the suburbs of Athens, two-bedroom apartments cost around EUR 130,000 to EUR 240,000, relatively less than in the centre. Two-bedroom apartments in Crete cost around EUR 190,000.

Round trip transaction costs are quite high for residential property in Greece. See our Residential transaction cost analysis for Greece.