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 |
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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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