Thessaloniki Real Estate ... 
  Should I rent or buy an apartment in Thessaloniki, Greece?
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Thessaloniki Real Estate Calculator

Finding a Home In Thessaloniki
If you plan to rent or buy a property in Thessaloniki, finding your property will be a major step in your relocation to Thessaloniki. If you have not lived in Thessaloniki, you should rent rather than buy your property in Thessaloniki, at least for six months. If you would like to rent or buy a real-estate property in Thessaloniki you may email us at webmaster@greece-travel-guide.de with your real-estate questions.




It is the best way to know not only if Thessaloniki is the place you want to live or retire for the next few years, but also if Thessaloniki is suited for you.

Apartments & Houses in Thessaloniki
If you are planning on living in Thessaloniki, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Thessaloniki to point out the negatives of a place they’re trying to rent or sell you.

Thessaloniki Agencies
Real-estate agencies in Thessaloniki advertise in local Thessaloniki newspapers and as well on their office windows.

You should be able to notice a real estate agency in Thessaloniki by the window full of ads for the different apartments or houses they have available for rent or sell in Thessaloniki.

Before you begin working with an agency in Thessaloniki, check that their fees are acceptable and that they are a member of the Thessaloniki Real-estate Assocation. In most rental agreements in Thessaloniki most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Thessaloniki, real-estate agents in Thessaloniki usually charge between 2.5% and 3% of the final sales price.
Monthly rent Thessaloniki:€
Monthly Thessaloniki rental insurance:€
Expected annual inflation rate in Thessaloniki:  %
Purchase price of property in Thessaloniki:€
Down payment amount:€
Length of Thessaloniki mortgage term (years):#
Thessaloniki Mortgage's annual interest rate:  %
Discount points on purchase of home in Thessaloniki:  %
Origination fees:  %
Other loan costs in Thessaloniki:€
Mortgage Insurance (PMI):  %
Thessaloniki Homeowner's insurance rate:  %
Monthly association dues in Thessaloniki:€
Average monthly maintenance of Thessaloniki property:€
Thessaloniki Annual property tax:€
Thessaloniki plus government income tax rate:  %
Interest rate you expect to earn on savings in Thessaloniki:  %
Expected percentage your Thessaloniki home will appreciate by each year:  %
Number of years you will stay in Thessaloniki:#
Thessaloniki Realtor commission rate:  %
Total estimated cost of renting a property in Thessaloniki:€
Total estimated cost of buying a property in Thessaloniki:€
After coming to an agreement on a rental or purchase, both parties in Thessaloniki sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Thessaloniki with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Thessaloniki will be affixed to the agreement.

Renting
Real estate agencies in Thessaloniki are the safest way if you want to rent or buy a property in Thessaloniki. Please make sure they are a licensed agent in Thessaloniki and very familiar with the Thessaloniki property market.

Local newspapers in Thessaloniki also advertise apartments and houses for rent, but word of mouth is the best way in Thessaloniki. If you are currently an academic in Thessaloniki, you could check local at local universities in Thessaloniki, where apartments or rooms for rent are commonly posted.

In general rental rates in Thessaloniki, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Thessaloniki. You can find yearly leases in Thessaloniki, and more short-term housing is available near academic institutes or around tourism areas within Thessaloniki.

Short-term tourist housing in Thessaloniki is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Thessaloniki.

If you want to buy a property in Thessaloniki, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Thessaloniki to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Thessaloniki.

If you are buying a brand new property, you’ll need to pay property tax in Thessaloniki. If your purchase is a luxury property, you may have to pay local taxes in Thessaloniki and possible stamp duty.

Even as a non-resident homeowner in Thessaloniki, you may become liable for all kind of taxes in Thessaloniki, including income tax.

Thessaloniki Mortgages
If you plan to take a mortgage in Thessaloniki you need at least a 20% downpayment of the purchase price of the property in Thessaloniki. Even if you generate rental-income from renting your Thessaloniki property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Thessaloniki Real Estate calculator will help you to compare the costs of renting a house or condo in Thessaloniki to the costs of buying a house or condo in Thessaloniki. Since there are all kinds of forces at work behind the scenes such as the current interest in Thessaloniki, Thessaloniki property taxes, tax savings, appreciation in general to investments in Thessaloniki, comparing the cost of renting to the cost of buying in Thessaloniki is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Thessaloniki Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Thessaloniki.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Thessaloniki

  • Thessaloniki Multi-Family
    Traditional, multi-family residential complexes located in Thessaloniki and suburban markets of Thessaloniki.


  • Thessaloniki Mixed-Use
    Properties in Thessaloniki that integrate and combine residential with different uses, including retail and office spaces.

  • Thessaloniki Office
    Traditional office or office type properties in Thessaloniki.


  • Thessaloniki Retail
    Properties in Thessaloniki with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Thessaloniki.


  • Thessaloniki Light Industrial
    Single- or multi-tenanted spaces in Thessaloniki used for warehouse, manufacturing, distribution, or research and development in Thessaloniki.

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