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% | ||
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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 |
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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.
Greece - More data and information
- How expensive are houses in Greece, compared to the rest of Europe?
- Property prices in Greece. Graph of house price trends in Greece
- How much rent can be earned from Greek property, compared to the rest of Europe?
- How much tax must foreign owners pay when they rent out their Greek property?
- Where to by property in Greece