Gross rental yields in Greece: Athens and 5 other cities

The average gross rental yield in Greece stands at 4.82% (2024, Q1). Previously, in Q3, 2023 the average gross rental yield stood at 5.22%.

  • Athens
  • Thessaloniki
  • Kavala
  • Patra
  • Heraklion
  • Volos
  Last Updated: Mar. 25, 2024
ATHENS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Patision - Acharnon  
1-Bedroom €75,000 €500 8.00%
2-Bedroom €125,000 €650 6.24%
3-Bedroom €165,000 €765 5.56%
Ampelokipoi - Pentagon  
1-Bedroom €130,000 €650 6.00%
2-Bedroom €220,000 €850 4.64%
3-Bedroom €227,000 €1,100 5.81%
Kipseli  
1-Bedroom €85,000 €550 7.76%
2-Bedroom €165,000 €730 5.31%
3-Bedroom €220,000 €900 4.91%
Pagkrati  
1-Bedroom €150,000 €690 5.52%
2-Bedroom €250,000 €880 4.22%
3-Bedroom €340,000 €1,370 4.84%
Neos Kosmos  
1-Bedroom €135,000 €670 5.96%
2-Bedroom €200,000 €750 4.50%
3-Bedroom €270,000 €1,000 4.44%
Kolonaki - Lykavittos  
1-Bedroom €250,000 €1,200 5.76%
2-Bedroom €550,000 €1,770 3.86%
3-Bedroom €900,000 €2,150 2.87%
4+Bedroom €1,250,000 €3,500 3.36%
Patisia  
1-Bedroom €72,000 €465 7.75%
2-Bedroom €120,000 €650 6.50%
Athens avg. Rental Yields 5.42%
THESSALONIKI - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom €125,000 €500 4.80%
2-Bedroom €188,000 €600 3.83%
3-Bedroom €300,000 €775 3.10%
4+Bedroom €368,000 €1,600 5.22%
Analipsi - Mpotsari - Nea Paralia  
1-Bedroom €115,000 €460 4.80%
2-Bedroom €160,000 €650 4.88%
3-Bedroom €280,000 €1,050 4.50%
Toumpa  
1-Bedroom €124,000 €460 4.45%
2-Bedroom €160,000 €520 3.90%
3-Bedroom €277,500 €650 2.81%
Faliro - Ippokratio  
1-Bedroom €110,000 €490 5.35%
2-Bedroom €151,000 €550 4.37%
3-Bedroom €250,000 €700 3.36%
Voulgari - Ntepo - Martiou  
1-Bedroom €115,000 €460 4.80%
2-Bedroom €167,000 €550 3.95%
3-Bedroom €220,000 €750 4.09%
Charilaou  
1-Bedroom €130,000 €465 4.29%
2-Bedroom €149,000 €600 4.83%
3-Bedroom €270,000 €700 3.11%
Vardaris - Lahanokipi  
1-Bedroom €88,000 €450 6.14%
2-Bedroom €120,000 €490 4.90%
3-Bedroom €155,000 €530 4.10%
Ano Poli  
1-Bedroom €85,000 €425 6.00%
2-Bedroom €114,000 €450 4.74%
Thessaloniki avg. Rental Yields 4.43%
KAVALA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Kavala (all locations)  
1-Bedroom €77,500 €320 4.95%
2-Bedroom €120,000 €430 4.30%
3-Bedroom €175,000 €550 3.77%
Kavala avg. Rental Yields 4.34%
PATRA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Patra (all locations)  
1-Bedroom €80,000 €400 6.00%
2-Bedroom €95,000 €530 6.69%
3-Bedroom €165,000 €600 4.36%
4+Bedroom €180,000 €750 5.00%
Patra avg. Rental Yields 5.51%
HERAKLION - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Heraklion (all locations)  
1-Bedroom €122,500 €410 4.02%
2-Bedroom €156,500 €700 5.37%
3-Bedroom €240,000 €865 4.33%
Heraklion avg. Rental Yields 4.57%
VOLOS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Volos (all locations)  
1-Bedroom €99,700 €430 5.18%
2-Bedroom €119,500 €500 5.02%
3-Bedroom €190,000 €600 3.79%
Volos avg. Rental Yields 4.66%
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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