Studio Apartment for sale in Thessaloniki

Studio Apartment for sale in Thessaloniki. Offered fully furnished and equipped, this 35sqm studio apartment is a tremendous opportunity for those who wish to boost their income, as it is perfect to be used as both long and short-term rental due to its exceptional location in the beating heat of Thessaloniki. The studio apartment lies on the third floor of the building, set within walking distance to everything needed on a daily basis. It was constructed in 1960 and is currently being renovated. It will be delivered renovated and fully furnished and equipped, ready to move-in. It consists of an open plan area and one bathroom, and boasts a cozy and warm atmosphere. A magnificent apartment, ideal for personal use as your comfortable home, or as a profitable holiday rental. Studio Apartment for sale in Thessaloniki 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, Greek Golden Visa for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.