This apartment in need of renovation was built in 1961 and features an open plan arrangement with a modern kitchen and dining room, optimizing all available space to provide ample resting space.
Upon entering the 65sqm second-floor apartment, which opens to a gorgeous balcony, we find ourselves in the cozy living room with a little dining space and a modern kitchen.
The ideal-sized bedrooms and the bathroom are located further inside to compensate for the practical arrangement of this little home.
This apartment is in need of renovation to meet the highest standards in order to meet the needs of a wise investor or a couple wishing to migrate to Thessaloniki!
This value-for-money apartment has everything you could possibly need for an ideal home!
Thessaloniki Apartment for sale in 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.
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