Bedrooms
1Living Rooms
1Bathrooms
1Kitchens
1Area
45 m²
A carefully considered investment in one of Thessaloniki's most established and prestigious addresses. The Ntepo Investment Upgrade Project presents 17 fully redeveloped apartments within an existing residential building in Ntepo — a neighbourhood defined by its quiet character, high demand and proximity to the city's key infrastructure.
At 450 metres from the metro station, the location alone sets this project apart. But what makes it genuinely compelling is the scope of transformation: this is not a cosmetic refresh. The entire building — façade, common areas, corridors, entrance and all 17 apartments — undergoes a complete structural and aesthetic overhaul, delivered to a specification that meets modern European living standards.
Every apartment is delivered fully ready:
Double-layer gypsum walls with acoustic and thermal insulation
Salamander double-glazed windows
Modern kitchens with built-in appliances
Premium ceramic flooring
Fully equipped bathrooms with quality fittings
Security entrance doors
Air conditioning
Smart TV and complete furniture package
Internet and cable infrastructure
Available units:
15 × 1-bedroom apartments — 45 to 53 m² — from €155,000
2 × Penthouses — up to 73 m² — up to €280,000
15 apartments remain available (2 already sold)
Payment structure:
60% — upon purchase and Land Registry registration
10% — upon building permit approval
20% — upon subdivision completion
10% — upon final handover
Project timeline:
September 2026 — Purchase completion, Land Registry, building permits
September 2026 – November 2027 — Full redevelopment
November 2027 — Handover, utility connections, management onboarding
Upon delivery, owners have the option to engage a professional property management company for tenant placement and day-to-day administration — making this a genuinely hands-off investment from day one.
Strong rental demand, a premium address and a fully managed pathway to income: this is a project built for investors who value quality over compromise.
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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.
