Personal Experience: Investing in Apartments in Thessaloniki for Short-Term Rental Income

Image: Investment apartments in Thessaloniki generating short-term rental income

In early 2025, we were discussing our next investment plan in Greece with our permanent client from the Netherlands, Erich. We've been working with him since 2021. He established a company in Greece and is investing in vacation properties in Halkidiki for short term rent. In 2025, the client decided to diversify his investments, and we suggested to look to the small apartments with guaranteed rental income, managed by professional companies and rented out as hotels or short-term rental apartments.

What gets the client:

The client's choice was four one-bedroom apartments (52-54 square meters each) with a kitchen-living room, 1 bedroom and balconies. The apartments are located in a completely renovated three-story building, converted into a 36-apartment residential complex in a prestigious Easten area of Thessaloniki, close to the center, metro station and bus stops, shops, schools, and 300 meters from the seafront promenade.

The project is located on an excellent spot with all the infrastructure, very close to the center, with good transport accessibility, close to art galleries, theaters, restaurants, etc.

Since the project was fully completed in 2025, the apartments we were interested in were fully furnished and equipped with high-quality appliances, and some of them were already rented out by the management company. This helped us to estimate the yield based on data from booking systems and provide the investor with complete information on the return on his investment. We negotiated the purchase of four apartments, and the price was €2,900 per square meter.

Property yield: the owner secures a 5-6% annual yield solely from price increases. Instead of a guaranteed rental, which is objectively undervalued because it includes all possible risks, we chose a rental option in which the management company deducts all expenses (cleaning, maintenance, rental aggregator commissions) from the monthly rental income and then splits the income proportionally between the owner (75%) and the management company (25%). As a result, the monthly income from each apartment varies between €950 and €1,050, which gives him amount about €4,000 per month, or approximately 8% per annum.

The investor had some concerns about seasonal fluctuations in the rental demand of these apartments, but finally it has been shown stable demand for them all year-round.

The purchase was made remotely, by power of attorney from the client, since this is not the first transaction with us and he trusts us to sign and execute contracts without his presence.

Full support of the client by RES-Greece experts: we helped to select the best investment project, prepare all the documents for the contract, provide maximum security for the client at the investment stage, and close the deal remotely.

Write to us for advice on purchasing real estate in Greece and to receive a selection of best properties that suit your needs and budget.

New real estate cases & reviews

loft apartments after renovation with furnished living room and kitchen

Investor Alex urgently searched for a property that would meet the new Golden Visa requirements introduced in late 2025. We identified a qualifying asset and completed the process within just a few weeks.

stone villa with large land plot and sea view in a quiet area

A client from Bulgaria was looking for a quiet villa for holiday use and rental income. We selected a property on Mount Athos with a large plot, but an encumbrance issue arose during the transaction. A solution was successfully implemented.

modern renovated apartments with balconies in a residential complex

An investor from the Netherlands delegated both property selection and investment strategy to us. We structured the portfolio so each asset works efficiently for income — but the key factor was not the number of apartments.

spacious seaside apartment with panoramic view and balcony

A client from Moldova had to meet tight deadlines. The transaction included two stages: selling existing properties, purchasing a new one, and submitting the Golden Visa application. Any delay could have jeopardized the process.

compact city center apartments for rental with stable income

The entire transaction was completed without visits to Greece: property selection, due diligence, documentation, and rental setup were fully managed by our team. The client continues expanding the investment portfolio.

spacious sea view villa with land for a large family

A family from Serbia purchased a spacious 250 m² villa with sea views and obtained their Golden Visa within just a few weeks.

More cases & reviews

Customer Cases and Reviews:

All Reviews

Golden Visa Obtained for €250,000 After Rule Changes in 2025

Villa in Greece with a 4,750 m² Plot and Potential to Build a Second House

€4,000 per Month from Rentals in Thessaloniki — A Turnkey Investment Portfolio

Urgent Property Sale and Purchase for Golden Visa in 1.5 Months

Buying 5 Apartments Remotely: Stable Income of €2,500+ per Month

Seaside Villa for a Family with 5 Children — Fast Golden Visa Approval

seaside villa with land for residence permit and travel in europe

Golden Visa for Freedom — Fast Track for a Client from North Macedonia

The goal was clear: obtain legal residence in Greece and gain mobility across the Schengen Zone within a tight 3–4 week timeline. We secured a fully furnished villa in Halkidiki meeting Golden Visa requirements and finalized the process on an accelerated schedule.