Gross rental yields in Greece: Athens and 5 other cities
The average gross rental yield in Greece stands at 4.73% (2024, Q4). Previously, in Q1 2024, the rental yield was 4.82%.
Cities and areas compared
- Athens
- Thessaloniki
- Kavala
- Patra
- Heraklion
- Volos
Historical rental yields in Greece
View the full rental yield dataset (2022 - Present)
| Last Updated: Dec. 20, 2024 Next Update: June 2025 |
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| ATHENS - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Patision - Acharnon | |||
| 1-Bedroom | €80,000 | €550 | 8.25% |
| 2-Bedroom | €130,000 | €650 | 6.00% |
| 3-Bedroom | €170,000 | €850 | 6.00% |
| Ampelokipoi - Pentagon | |||
| 1-Bedroom | €135,500 | €650 | 5.76% |
| 2-Bedroom | €230,000 | €850 | 4.43% |
| 3-Bedroom | €290,000 | €1,100 | 4.55% |
| Kipseli | |||
| 1-Bedroom | €95,000 | €590 | 7.45% |
| 2-Bedroom | €165,000 | €750 | 5.45% |
| 3-Bedroom | €230,000 | €850 | 4.43% |
| Pagkrati | |||
| 1-Bedroom | €150,000 | €650 | 5.20% |
| 2-Bedroom | €250,000 | €900 | 4.32% |
| 3-Bedroom | €370,000 | €1150 | 3.73% |
| Neos Kosmos | |||
| 1-Bedroom | €138,000 | €700 | 6.09% |
| 2-Bedroom | €230,000 | €775 | 4.04% |
| 3-Bedroom | €290,000 | €950 | 3.93% |
| Kolonaki - Lykavittos | |||
| 1-Bedroom | €250,000 | €1,100 | 5.28% |
| 2-Bedroom | €550,000 | €1,650 | 3.60% |
| 3-Bedroom | €800,000 | €2,200 | 3.30% |
| 4-Bedroom | €1,170,000 | €3,650 | 3.74% |
| Patisia | |||
| 1-Bedroom | €80,000 | €500 | 7.50% |
| 2-Bedroom | €125,000 | €600 | 5.76% |
| Athens (all locations) | |||
| 1-Bedroom | €130,000 | €700 | 6.46% |
| 2-Bedroom | €225,000 | €1,000 | 5.33% |
| 3-Bedroom | €429,500 | €1,400 | 3.91% |
| 4-Bedroom | €565,000 | €2,000 | 4.25% |
| Athens avg. Rental Yields | 4.99% | ||
| THESSALONIKI - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €135,000 | €550 | 4.89% |
| 2-Bedroom | €188,000 | €700 | 4.47% |
| 3-Bedroom | €295,000 | €1,000 | 4.07% |
| 4-Bedroom | €475,000 | €1,400 | 3.54% |
| Analipsi - Mpotsari - Nea Paralia | |||
| 1-Bedroom | €120,000 | €500 | 5.00% |
| 2-Bedroom | €179,000 | €600 | 4.02% |
| 3-Bedroom | €263,000 | €700 | 3.19% |
| Toumpa | |||
| 1-Bedroom | €120,000 | €450 | 4.50% |
| 2-Bedroom | €160,000 | €550 | 4.13% |
| 3-Bedroom | €265,000 | €650 | 2.94% |
| Faliro - Ippokratio | |||
| 1-Bedroom | €116,500 | €480 | 4.94% |
| 2-Bedroom | €162,000 | €600 | 4.44% |
| 3-Bedroom | €240,000 | €650 | 3.25% |
| Voulgari - Ntepo - Martiou | |||
| 1-Bedroom | €125,000 | €450 | 4.32% |
| 2-Bedroom | €180,000 | €650 | 4.33% |
| 3-Bedroom | €250,000 | €800 | 3.84% |
| Charilaou | |||
| 1-Bedroom | €125,000 | €475 | 4.56% |
| 2-Bedroom | €154,000 | €600 | 4.68% |
| 3-Bedroom | €268,000 | €780 | 3.49% |
| Vardaris - Lahanokipi | |||
| 1-Bedroom | €95,000 | €500 | 6.32% |
| 2-Bedroom | €120,000 | €500 | 5.00% |
| 3-Bedroom | €172,500 | €650 | 4.52% |
| Ano Poli | |||
| 1-Bedroom | €89,000 | €470 | 6.34% |
| 2-Bedroom | €135,000 | €550 | 4.89% |
| Thessaloniki (all locations) | |||
| 1-Bedroom | €120,000 | €500 | 5.00% |
| 2-Bedroom | €165,000 | €600 | 4.36% |
| 3-Bedroom | €257,000 | €780 | 3.64% |
| 4-Bedroom | €270,000 | €965 | 4.29% |
| Thessaloniki avg. Rental Yields | 4.32% | ||
| KAVALA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Kavala (all locations) | |||
| 1-Bedroom | €86,000 | €380 | 5.30% |
| 2-Bedroom | €130,000 | €450 | 4.15% |
| 3-Bedroom | €197,500 | €550 | 3.34% |
| Kavala avg. Rental Yields | 4.27% | ||
| PATRA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Patra (all locations) | |||
| 1-Bedroom | €90,000 | €390 | 5.20% |
| 2-Bedroom | €120,000 | €550 | 5.50% |
| 3-Bedroom | €170,000 | €650 | 4.59% |
| 4-Bedroom | €180,000 | €750 | 5.00% |
| Patra avg. Rental Yields | 5.07% | ||
| HERAKLION - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Heraklion (all locations) | |||
| 1-Bedroom | €135,000 | €500 | 4.44% |
| 2-Bedroom | €155,000 | €750 | 5.81% |
| 3-Bedroom | €250,000 | €1,000 | 4.80% |
| Heraklion avg. Rental Yields | 5.02% | ||
| VOLOS - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Volos (all locations) | |||
| 1-Bedroom | €90,000 | €405 | 5.40% |
| 2-Bedroom | €120,000 | €500 | 5.00% |
| 3-Bedroom | €190,000 | €600 | 3.79% |
| Volos avg. Rental Yields | 4.73% | ||
| 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:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities and areas in Greece, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:
(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.