This project undergoes under a complete transformation of an established residential building in Stavroupoli into 139 modern living units — one of the largest and most ambitious redevelopment projects currently underway in Thessaloniki. Situated in a rapidly developing urban neighbourhood with outstanding accessibility, proximity to key landmarks, and strong growth potential. Estimated completion: 16 months / (12/2027).
This is not a standard renovation. The entire building undergoes full structural reinforcement to meet contemporary safety and durability standards, alongside a complete interior and exterior redesign. Every apartment is delivered fully renovated and furnished to a modern specification, ready for immediate occupancy or rental.
Building amenities include a fully equipped gym and dedicated study rooms on the lower floors, modernized common areas throughout, and upgraded outdoor spaces — creating a living environment designed for students, professionals, families, and investors alike.
Only 20 units currently available across floors 1 to 5, ranging from 40 to 72 m² gross, priced from €87,600 to €102,000. Price per square metre ranges from €1,350 to €2,200 — among the most competitive entry points in Thessaloniki for new-specification apartments.
Available units (studios / 1 bedroom):
Floor 1: Apt 102 (44 m², €87,600) · Apt 104 (56 m², €102,020) · Apt 105 (48 m², €102,020) · Apt 107 (72 m², €97,657) · Apt 108 (70 m², €97,658) · Apt 113 (41 m², €89,857)
Floor 2: Apt 202 (42 m², €87,631) · Apt 205 (48 m², €96,555) · Apt 213 (41 m², €89,857) · Apt 214 (51 m², €99,770) · Apt 220 (41 m², €89,811)
Floor 3: Apt 301 (40 m², €88,778) · Apt 302 (42 m², €87,631) · Apt 307 (72 m², €97,657) · Apt 313 (41 m², €89,857) · Apt 320 (41 m², €89,811)
Floor 4: Apt 402 (42 m², €87,631) · Apt 411 (48 m², €87,631) · Apt 413 (41 m², €89,857)
Floor 5: Apt 502 (42 m², €87,631)
At this scale, this price level, and in a neighbourhood with this trajectory — opportunities like this do not come around often.
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Yes. Both EU and non-EU citizens can legally purchase property in Greece with full ownership rights. Only specific border areas may require additional approval.
No. The entire process can be completed remotely through a Power of Attorney, allowing your lawyer to act on your behalf. This includes obtaining your tax number (AFM), signing documents, and completing the purchase. In most cases, traveling is only required for final steps (optional depending on setup).
The AFM is your Greek tax identification number, required for any property purchase. It is issued through a licensed accountant in Greece and can be obtained remotely via Power of Attorney.
It is highly recommended. To open a Greek bank account you must prepare specific documentation (we guide you), a physical presence is required, and the opening is done via appointment with a valid passport.
On average, the process takes around 2 months, assuming everything runs smoothly from both sides. Timing may vary depending on legal checks, documentation readiness, and bank procedures.
You should expect approximately 8.5% – 10% on top of the purchase price, including property transfer tax (~3%), notary fees, legal fees, agency fees, cadastre (land registry) fees, document translations (in your home country), and administrative expenses. Costs may change at any time depending on regulations.
Yes — when done correctly. The process includes full legal due diligence, ownership verification, and notary-controlled contracts. At Alektus Realty, we work only with verified and licensed professionals to ensure maximum security.
Yes. Most of the process can be done remotely through Power of Attorney, legal representation, and full coordination by our team. This is very common for clients from the Balkans and abroad.
Yes. You can generate income through long-term rentals or short-term rentals (depending on regulations and property type). We also assist you in finding tenants through trusted partners.
Yes — through the Golden Visa program. As of 2026, the minimum investment depends on the location: €800,000 in high-demand areas (Athens, Thessaloniki, Mykonos, Santorini), €400,000 in other regions (e.g. Halkidiki and most of Greece), and €250,000 for special cases (property conversions or restorations). The investment must usually be in one property (min. 120m²). Benefits include 5-year renewable residency, no minimum stay requirement, and travel within the Schengen zone. Rules and thresholds are subject to change at any time.
In most cases, foreign buyers (especially non-EU) cannot easily obtain a mortgage from Greek banks. However, you can obtain a mortgage loan in North Macedonia by using a property located within your country as collateral.
Main requirements: a valid passport, Greek tax number (AFM), bank account (recommended), and Power of Attorney (if buying remotely). We guide you through the entire process step-by-step.
We provide a complete end-to-end service, including property search based on your goals, full legal and financial coordination, remote purchase setup, step-by-step guidance, and aftercare and rental support. You don't need to manage anything alone — we handle everything for you.
