Real estate hot spots in Greece offering the highest returns to investors

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Research by Astons, international experts in real estate, residency and citizenship by investment, has identified which areas of the Greek property market currently offer the best investment opportunities.

Astons analyzed the current value of real estate and rentals in the Greek market to determine which areas are the most lucrative for international real estate investors, whether they are looking to invest in a national migration program or are simply looking for a holiday home of a lifelong pandemic.

The northwestern peninsula of Halkidiki currently ranks first in the ranking of real estate investments in Greece. One of the most developed areas in Greece, it offers a combination of modern amenities, historic architecture, Greek culture and outstanding natural beauty.

Currently, the value of real estate in the region averages 142,128 euros, and it is not only affordable, but the average rent is 2,520 euros per month, which means that the investment can bring returns of up to 21.3%.

The northern border town of Florina has the second highest yield at 11.7%, while Karditsa in the center of the country also currently offers an average yield of up to 10%.

Kozani (9.3%), Larissa (8.1%), Cyclades (8%), Magnesia (8%) and Aetolia and Acarnania (8%) also offer some of the highest yields for those who currently want invest in the Greek real estate market.

In contrast, the current average rental yield in Boeotia is only 3.8%, which is the lowest yield of any region in Greece.

Managing director Astons, Artur Sargsyan commented:

“The Greek real estate market is extremely diverse, not only in terms of lifestyle offerings, but also in terms of the real estate market and the investment opportunities available.

For example, for those looking to invest on a long-term basis through investment in migration, the choice of location will largely depend on personal factors. However, those looking to invest commercially will need to consider the income available, so a more developed region that benefits from a large number of tourists would be preferable.

Of course, it’s important to be realistic about why you want to invest. Too often, the boundaries between personal and professional benefit are blurred, and this can be detrimental. For example, if you want to invest in real estate to make a profit, using this home as a personal vacation home during the peak tourist season will have a major impact on the level of income it will generate. ”

Current Proposed Returns for Each Region of Greece

Location in Greece Average price Q2 2021 Average rent for Q2 2021 Harvest%
Halkidiki € 142128 € 2520 21.3%
Florina € 42924 € 420 11.7%
Karditsa € 58800 € 488 10%
Kozani € 58968 € 456 9.3%
Larissa € 82908 € 560 8.1%
Cyclades € 227052 € 1518 eight%
Magnesia € 87360 € 583 eight%
Aetolia and Acarnania € 69552 € 462 eight%
Kastoria € 58800 € 384 7.8%
Grevena € 58,044 € 379 7.8%
Samos € 73836 € 480 7.8%
Xanthi € 73500 € 475 7.8%
Rhodope € 78,036 € 504 7.8%
Trikala € 73920 € 469 7.6%
Serres € 60480 € 382 7.6%
Lesbos € 86016 € 543 7.6%
Achaia € 80640 € 509 7.6%
Ioannina € 103152 € 614 7.7%
Chios € 94836 € 553 7%
Heraklion € 109200 630 euros 6.9%
Ilya € 71988 € 402 6.7%
Rethymno € 124656 € 693 6.7%
Imatia € 60648 € 336 6.6%
Evros € 97860 € 531 6.5%
Preveza € 105,000 € 564 6.4%
Pieria € 79548 € 420 6.3%
Drama € 69972 € 368 6.3%
Phthiotis € 80472 411 euro 6.1%
Pella € 64260 € 328 6.1%
Messinia € 109,788 € 556 6.1%
Arcadia € 92400 € 467 6.1%
Dodecanese € 122892 600 euros 5.9%
Piraeus € 129360 630 euros 5.8%
Kilkis € 51660 247 € 5.7%
Evia € 100 800 € 480 0.5.7%
Laconia € 84,000 € 392 5.6%
Thessaloniki € 99652 € 465 5.6%
Kavala € 98,028 € 456 5.6%
Corfu € 140028 646 € 5.5%
Corinthia € 105252 € 480 5.5%
Lasithi € 126,000 571 € 5.4%
Athens € 164674 702 euros 5.1%
Argolis € 119532 € 504 5.1%
Chania € 144564 € 568 4.7%
Zante € 138348 € 520 4.5%
Argosaronicos islands € 150612 € 556 4.4%
Boeotia € 116676 € 373 3.8%
Greece € 129780 619 euro 5.7%

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