An excellent investment in the sought-after Papafi area of Thessaloniki. This 50 m² 1-bedroom apartment on the 2nd floor (with elevator) has undergone a complete luxury renovation completed in 2026, using top-quality materials and modern design — ideal for both home ownership and high-performing investment. Location is the standout: just 120 m from the metro stop, 650 m from the PAMAK universities (perfect for student or staff rental), and 80 m from a supermarket, with markets, bus stops and services right alongside. Technical highlights include autonomous gas heating with underfloor heating for maximum energy efficiency, an inverter air conditioner for year-round comfort, energy-efficient PVC windows with electric roller shutters and pleated screens, and modern LED lighting throughout. The bright, sun-filled interior comes with a fully equipped ergonomic kitchen and a large fitted wardrobe. A premium-location, top-energy-class property ready for immediate occupancy or rental.
100/100
100/100
100/100
0.1 km
0.65 km
Price
Price
Price
Price
Price
Price
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.
