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 |
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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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