Description
Apartment Building for sale in Thessaloniki. This exceptional 222 sqm property, located in the bustling center of Thessaloniki, currently operates as a student hostel, presenting a prime investment opportunity. The complex consists of four studios, a four-bedroom apartment with a kitchen and bathroom, and a three-bedroom apartment with a living room, kitchen, and bathroom. Its layout makes it ideal for short-term rentals, with the potential to generate an impressive monthly income of €6,000 or more.
Fully renovated and furnished, this property is equipped with modern amenities, including air conditioning for heating and cooling, and features such as a security door, aluminum balcony doors, and stylish laminate flooring. Accessibility is a key advantage, as the building is suitable for individuals with disabilities, ensuring comfort and convenience for all tenants. The property is also located on the first floor, which is significant should Greek legislation change to allow short-term rentals exclusively on the first floor of buildings.
Situated within the city's commercial hub, on one of the most central and lively pedestrian streets, this property enjoys a prime location that ensures constant demand. With easy access to shops, cafes, and transport links, this complex is ideal for investors seeking a property with excellent income potential in the heart of Thessaloniki.
A secure investment, this complex combines modern comfort with strategic positioning, making it an excellent choice for both long-term rental and short-term leasing ventures.
Apartment Building for sale in Thessaloniki. Location Information:
Thessaloniki Greece (or Salonica), the capital of Macedonia Prefecture, is the second largest city in Greece, after Athens. In fact, the town is honorarily called co-capital, for its historical and administrative importance.
The history of the town started in ancient times and due to its strategic location, it played an important economic and political role in the wider region of the Balkans.
Thessaloniki’s real estate has salvaged its appeal for both domestic and foreign investors. In 2019, the city’s real estate market pivoted to the upward direction due to the growth of Greece’s economy after the recession. Also, the country’s position in the eurozone serves as a boost to prospective investors.
Real estate investment is a major example; according to the Bank of Greece, the amount of direct foreign investments in the property market amounts to €500 million.
Another major boost for the real estate market is the potential rental returns from the flourishing short-term rental market. Since the city is a booming tourist destination, it creates a high demand for rental properties.
Statistics show that records over 3 million tourist visits annually, and this is good news for rental property investors.
Thessaloniki holds a prominent position in Greece’s economy. This is one good reason why investing in real estate in the city is a wise investment choice.
You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.
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