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

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in Thessaloniki
Benefits of investment in
Greece real estate

Guide for real estate
investors in Greece
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Golden Visa from €250,000
Greece offers one of the most affordable residency-by-investment programs in Europe.
Strong seasonal rental market
Tourist destinations like Athens, Crete, and Santorini generate high short-term returns.
Cultural and lifestyle appeal
Greece combines historic charm, relaxed living, and Mediterranean quality of life.
Golden Visa from €250,000
Greece offers one of the most affordable residency-by-investment programs in Europe.
Strong seasonal rental market
Tourist destinations like Athens, Crete, and Santorini generate high short-term returns.
Cultural and lifestyle appeal
Greece combines historic charm, relaxed living, and Mediterranean quality of life.
Property highlights
in Greece, Thessaloniki from our specialists
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and recommendations from experts
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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.