Discovering Property Opportunities in Greece’s Vibrant Northern Capital
Thessaloniki, the second-largest city in Greece, has emerged as a dynamic real estate market offering exceptional value for investors, expats, and lifestyle buyers alike. With a mix of modern apartments, neoclassical buildings, and proximity to the sea, the city offers both urban convenience and Mediterranean charm.
📊 Current Market Trends
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Average Property Prices:
As of this year, the average price per square meter in central Thessaloniki ranges from €1,500 to €2,500, depending on location and condition. -
Rental Yields:
With growing interest from students, tourists, and digital nomads, rental yields in key neighborhoods such as Vardaris, Rotonda, and Ano Poli average 4% to 6% annually. -
Popular Buyer Segments:
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Foreign investors seeking long-term appreciation
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Greek diaspora returning or investing
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Remote workers relocating to more affordable cities
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📍 Best Areas to Invest
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City Center (Ladadika, Agias Sofias): Vibrant and walkable with strong tourist appeal.
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Ano Poli (Upper Town): Traditional charm with panoramic views, ideal for short-term rentals.
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Kalamaria: A residential and family-friendly district near the sea.
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Toumba and Charilaou: Popular with locals, offering good value and access to amenities.
🏗️ Legal Considerations
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Due Diligence: Conduct full title checks via a licensed Greek notary or lawyer.
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Golden Visa Eligibility: Properties over €250,000 qualify for Greece’s residency-by-investment program.
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Taxes & Fees:
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Transfer tax: 3.09%
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Notary and registration fees: ~2%
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Annual ENFIA property tax based on zone value
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📈 Market Outlook
Thessaloniki is benefiting from:
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Increased foreign tourism and cruise arrivals
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Revitalization of the port and waterfront
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Planned infrastructure improvements (metro, airport upgrades)
These factors suggest continued moderate price appreciation and growing international demand.
⚖️ How Borderless Lawyers Can Help
Whether you’re purchasing an apartment for personal use or investing in a rental property, our multilingual legal team in Greece will:
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Review contracts
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Manage property transfers
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Provide tax and visa guidance
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Support Golden Visa application, if applicable
📞 Ready to Explore Real Estate in Thessaloniki?
Let us help you secure property safely and efficiently. Our legal professionals will guide every step — from due diligence to final signature.