Diversify Your Portfolio with Thessaloniki Investment PropertiesDeveloped alternative toislands for life and yield

Real estate in Thessaloniki, Greece: cultural hub with strong rental returns and urban development

Why invest in property in Thessaloniki

Thessaloniki, Greece’s second-largest city and a vibrant cultural capital, offers a compelling mix of affordability, rental demand, and investment potential. Strategically located in northern Greece, it serves as a gateway to the Balkans, drawing students, professionals, and tourists year-round. Ongoing urban regeneration, port development, and infrastructure projects make Thessaloniki a dynamic and evolving real estate market.

From Golden Visa opportunities to short-term rental income and capital appreciation, the city provides multiple entry points for foreign and domestic investors.

Types of real estate available

Thessaloniki’s property market features a diverse array of residential and commercial opportunities:

• City-center apartments — ideal for short-term rentals, students, or urban professionals.
• Renovated neoclassical buildings — converted into boutique hotels or modern lofts.
• Suburban houses and townhouses — in family-friendly districts with green space.
• Commercial properties — including office spaces and retail in high-footfall areas.
• Land plots and redevelopment sites — especially in up-and-coming zones like Vardaris or western districts.

The market suits both buy-to-let strategies and long-term value investors looking to benefit from Thessaloniki’s development curve.

Foreign ownership and legal aspects

Thessaloniki welcomes international buyers under Greece’s favorable ownership laws:

• 100% freehold ownership for foreign individuals and companies
• Golden Visa eligibility from €250,000 — valid across the city
• Secure transactions via notarial contracts and land registry verification
• Remote purchasing available with power of attorney and legal representation

VelesClub Int. ensures full legal protection and handles tax number setup, bank accounts, and residency applications for non-EU investors.

Property prices and rental yields

Compared to Athens or island hotspots, Thessaloniki offers lower entry costs with excellent rental potential. As of 2025:

• City-center apartments: €1,800–€3,200/m² depending on condition and location
• Renovated historic units: €2,500–€4,500/m² near landmarks or seafront
• Suburban homes: €130,000–€300,000 in areas like Kalamaria or Panorama

Rental yields for short-term lets range from 6%–10%, especially near universities, the seafront, or major event venues. Long-term rentals see stable demand from students and young professionals.

Neighborhoods and lifestyle

Thessaloniki offers diverse districts suited for tourism, family life, or investment:

• City Center (Ladadika, Egnatia, Tsimiski): Urban core with dining, retail, and high foot traffic — ideal for short-term and commercial use.
• Ano Poli (Upper Town): Traditional houses and heritage views — boutique hospitality potential.
• Kalamaria: Seaside suburb popular with families and professionals — modern housing and marina access.
• Vardaris and Neapoli-Sykies: Regeneration areas with long-term appreciation and affordability.
• Panorama: Premium residential zone on the hills with panoramic views and high-end homes.

The city blends Byzantine charm, a thriving cultural calendar, and excellent universities — making it attractive for both investors and residents.

Who buys real estate in Thessaloniki

The city’s growing popularity draws investors across Europe, the Middle East, and the Balkans:

• Buy-to-let investors targeting student and tourist demand
• Golden Visa applicants entering at affordable price points
• Greek diaspora purchasing family homes or retirement residences
• Developers renovating buildings into hotels or serviced apartments
• Entrepreneurs investing in retail or logistics near the port and ring road

Thessaloniki’s location, infrastructure, and rising international exposure make it an accessible and high-upside market.

How VelesClub Int. helps you

VelesClub Int. offers complete support for investing in Thessaloniki real estate:

• Property sourcing — including off-market apartments and hotel conversions
• Golden Visa planning and full legal transaction support
• Rental strategy design and management partnerships
• Support with renovations, permits, and property transformation
• Ongoing asset management and exit planning

Whether you’re entering the Greek market through a student rental, developing a tourism asset, or building a regional portfolio, VelesClub Int. ensures your investment in Thessaloniki is professionally structured, growth-oriented, and fully managed from acquisition to income.