Studio for sale in Thessaloniki Center. ID Th4-8529

Thessaloniki, Greece

€90,000

Description

Studio for sale in Thessaloniki Center. Situated in the heart of Thessaloniki's Historic Center, this charming studio offers an ideal opportunity for both investment and personal use. Covering 15 sqm, the space features one bedroom, a modern bathroom, and is located on the first floor of an iconic building dating back to 1960. With autonomous electric heating and the convenience of an elevator, this compact yet functional studio also boasts access to storage space, ensuring optimal use of every square meter. Its prime location offers delightful views of the vibrant cityscape, adding to its appeal. For investors, this property presents an exceptional income potential, generating up to €1,000 per month through short-term rentals, making it a lucrative addition to any real estate portfolio. Whether you’re looking for a centrally located residence or a smart investment, this studio perfectly combines history, charm, and profitability. Studio for sale in Thessaloniki Center. Location Information: Thessaloniki Greece (or Salonica), the capital of Macedonia Prefecture, is the second largest city in Greece, after Athens. In fact, the town is honorarily called co-capital, for its historical and administrative importance. The history of the town started in ancient times and due to its strategic location, it played an important economic and political role in the wider region of the Balkans. Thessaloniki’s real estate has salvaged its appeal for both domestic and foreign investors. In 2019, the city’s real estate market pivoted to the upward direction due to the growth of Greece’s economy after the recession. Also, the country’s position in the eurozone serves as a boost to prospective investors. Real estate investment is a major example; according to the Bank of Greece, the amount of direct foreign investments in the property market amounts to €500 million. Another major boost for the real estate market is the potential rental returns from the flourishing short-term rental market. Since the city is a booming tourist destination, it creates a high demand for rental properties. Statistics show that records over 3 million tourist visits annually, and this is good news for rental property investors. Thessaloniki holds a prominent position in Greece’s economy. This is one good reason why investing in real estate in the city is a wise investment choice. You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.