Investment Land for sale in Thessaloniki city center

About this property

Investment Land for sale in Thessaloniki city center. 000sqm land is truly a unique opportunity, offering a huge development potential with an abundance of options. 000sqm for the contruction of shopping centers, malls and shops. 000sqm, while for banks and financial organizations the building density is 600sqm.

Installations of up to 600sqm for car maintenance and repairs as well as for a garage can also be constructed. Additional options for development are entertainment buildings and installations, health clinics and hospitals. It belongs to an SA Company, and will be sold along with the company. It is a one-of-a-kind opportunity to invest in such a prime location, ideal for any investor that has the innovative mindset to see its huge potential.

Investment Land for sale in Thessaloniki city 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.