Investment Studio in Ano Ladadika — Near Hotel Astoria

  • Bedrooms

    1
  • Living Rooms

    1
  • Bathrooms

    1
  • Kitchens

    1
  • Area

    53 m²
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Price

€105.000

Description

An excellent investment opportunity in Ano Ladadika, in the heart of Thessaloniki near Hotel Astoria. This 53 m² studio sits on the 3rd floor with elevator and features an open-plan layout with a separated bedroom area, living room with kitchen, and bathroom. Fully renovated and equipped in 2024 with air conditioning, a security door and window screens. Part of a building with 8 active Airbnb units, it was already rented under two sequential contracts — €494/month until December 2026, then €509/month until October 2027 — delivering up to a 5.8% annual return with secured rental growth built in. A prime central location with strong, consistent rental demand.

Location Details

Address:
No address provided

Property Details

Property ID:
TH-0066
Property Type:
Category:
Residential
Price:
€105.000
Current Rent:
€509 / month
ROI:
5.82%
Bedrooms:
1
Living Rooms:
1
Bathrooms:
1
Kitchens:
1
Property Area:
53 m²
Condition:
Renovated
Floor:
3
Price per m²:
€1.981,13

Property Features

  • Lift
  • Furnished
  • Renovated
  • Air Conditioning
  • Security Door

Location Scores

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Walk Score

100/100

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Transit Score

100/100

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Investment Score

100/100

What's Nearby

Sea

0.5 km

Frequently Asked Questions

Can foreigners buy property in Greece?

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.

Do I need to be physically present in Greece to buy a property?

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).

What is an AFM and how do I get it?

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.

Do I need a Greek bank account?

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.

How long does the buying process take?

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.

What are the additional costs when buying a property?

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.

Is it safe to buy property in Greece as a foreigner?

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.

Can I buy property in Greece without visiting at all?

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.

Can I rent out my property in Greece?

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.

Can non-EU citizens get residency (Golden Visa)?

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.

Can I get a bank loan to buy property in Greece?

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.

What documents do I need to buy property?

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.

How does Alektus Realty help me?

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.