Gross rental yields in Greece: Athens and 5 other cities

The average gross rental yield in Greece stands at 5.22% (2023, Q3).

  • Athens
  • Thessaloniki
  • Kavala
  • Patra
  • Heraklion
  • Volos
  Last Updated: Aug. 17, 2023
ATHENS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Patision - Acharnon  
1-Bedroom €70,000 €450 7.71%
2-Bedroom €110,000 €585 6.38%
3-Bedroom €140,000 €650 5.57%
4+Bedroom €164,000 €750 5.49%
Ampelokipoi - Pentagon  
1-Bedroom €139,000 €650 5.61%
2-Bedroom €210,000 €800 4.57%
3-Bedroom €250,000 €1,000 4.80%
4+Bedroom €382,500 €1,225 3.84%
Kipseli  
1-Bedroom €80,000 €450 6.75%
2-Bedroom €155,000 €600 4.65%
3-Bedroom €210,000 €765 4.37%
Pagkrati  
1-Bedroom €135,000 €550 4.89%
2-Bedroom €250,000 €850 4.08%
3-Bedroom €320,000 €1,140 4.28%
Neos Kosmos  
1-Bedroom €130,000 €550 5.08%
2-Bedroom €210,000 €800 4.57%
3-Bedroom €270,000 €850 3.78%
Kolonaki - Lykavittos  
1-Bedroom €250,000 €950 4.56%
2-Bedroom €430,000 €1,550 4.33%
3-Bedroom €800,000 €2,300 3.45%
4+Bedroom €1,200,000 €3,500 3.50%
Attiki  
1-Bedroom €64,000 €420 7.88%
2-Bedroom €100,000 €550 6.60%
3-Bedroom €130,000 €650 6.00%
Patisia  
1-Bedroom €65,000 €420 7.75%
2-Bedroom €105,000 €550 6.29%
3-Bedroom €165,000 €675 4.91%
Athens avg. Rental Yields 5.25%
THESSALONIKI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom €120,000 €500 5.00%
2-Bedroom €160,000 €600 4.50%
3-Bedroom €275,000 €730 3.19%
4+Bedroom €450,000 €1,400 3.73%
Analipsi - Mpotsari - Nea Paralia  
1-Bedroom €110,000 €450 4.91%
2-Bedroom €145,000 €500 4.14%
3-Bedroom €300,000 €700 2.80%
Toumpa  
1-Bedroom €118,000 €420 4.27%
2-Bedroom €150,000 €520 4.16%
3-Bedroom €285,000 €650 2.74%
Faliro - Ippokratio  
1-Bedroom €105,000 €450 5.14%
2-Bedroom €150,000 €550 4.40%
3-Bedroom €210,000 €600 3.43%
Voulgari - Ntepo - Martiou  
1-Bedroom €110,000 €450 4.91%
2-Bedroom €165,000 €580 4.22%
3-Bedroom €260,000 €580 2.68%
Charilaou  
1-Bedroom €130,000 €400 3.69%
2-Bedroom €149,000 €590 4.75%
3-Bedroom €260,000 €800 3.69%
Vardaris - Lahanokipi  
1-Bedroom €88,000 €430 5.86%
2-Bedroom €110,000 €470 5.13%
3-Bedroom €139,500 €600 5.16%
Ano Poli  
1-Bedroom €79,000 €380 5.77%
2-Bedroom €95,550 €460 5.78%
3-Bedroom €155,000 €700 5.42%
Thessaloniki avg. Rental Yields 4.38%
KAVALA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Kavala (all locations)  
1-Bedroom €67,000 €300 5.37%
2-Bedroom €90,000 €380 5.07%
3-Bedroom €155,000 €450 3.48%
Kavala avg. Rental Yields 4.64%
PATRA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Patra (all locations)  
1-Bedroom €65,000 €380 7.02%
2-Bedroom €85,000 €500 7.06%
3-Bedroom €150,000 €700 5.60%
Patra avg. Rental Yields 6.56%
HERAKLION - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Heraklion (all locations)  
1-Bedroom €80,000 €440 6.60%
2-Bedroom €146,500 €600 4.91%
3-Bedroom €222,000 €800 4.32%
Heraklion avg. Rental Yields 5.28%
VOLOS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Volos (all locations)  
1-Bedroom €93,000 €400 5.16%
2-Bedroom €105,500 €500 5.69%
3-Bedroom €160,000 €650 4.88%
Volos avg. Rental Yields 5.24%
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 and Spiti24
Greece´s Historic Rental Yield Data

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Greece. We used the Spiti24 website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).

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