112 272 $
Flat with 4 bedrooms in Athens, Greece
Athens, Greece
Serviced apartment in a residential complex under construction in the center of Athens (002434)
We present you with a unique project for the construction of student, corporate housing, which is a modern and functional apartment designed for short-term accommodation.
«Service Apartments»
Service Apartments— these are flexible residential premises that are fully furnished and equipped with the latest design trends, they are equipped with all household appliances to create a home environment for both short-term, medium-term and long-term living.
This project is being developed on a plot of 629 m2 with a total building area of 3,050.13 m2.
This building will house 57 apartments and one store.
High-yielding opportunity in the center of Athens, Daphne, with an annual yield of up to 6.6%.
The building consists of six levels (basement, ground floor, mezzanine, 1, 2, 3 floors).
There are 19 open-plan apartments with balconies of an average area of 23 square meters on each floor.
In each of them, tenants are provided with such facilities as a roof garden and a gym.
This is a new, innovative and investment product that offers real estate resale in a short time and with high profitability.
The facility has a “smart home” system, as well as all fire and sanitary standards are observed.
Investment highlights:
Updated: 20.03.2024
In Greece a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Athens; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Greece finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Greece takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Athens short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (110 810 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Athens: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).