Rental Yields Comparison in all Areas of Greater Athens Greece

The following table provides an estimated comparison of average apartment buying and renting prices across various areas in Greater Athens, focusing specifically on studio apartments (30 m²). The data used is based on a well-maintained, older apartment. It includes the purchase price per square meter, average rent per square meter, and the corresponding rental yield—a critical metric for evaluating investment potential. Rental yield is calculated as the annual rent expressed as a percentage of the property purchase price, highlighting which areas offer the best returns for landlords and investors.

Note: Returns may be significantly higher in a buy and renovate for rent scenario.

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AreaBuying Price (per m²)Example Studio Price (30 m²)Rent Price (per m²)Example Rent (30 m² Studio)Rental Yield (%)
Athens Center€2,500–€4,000€75,000–€120,000€12–€16€360–€4804.8%–7.7%
Kolonaki€3,500€105,000€16.7€5015.7%
Exarchia€2,500€75,000€10€3004.8%
Koukaki€3,000€90,000€13€3905.2%
Pangrati€2,800€84,000€11.5€3454.9%
Thiseio€3,100€93,000€12.5€3754.8%
Plaka€4,500€135,000€15€4504.0%
Gazi€2,700€81,000€11€3304.9%
Nea Smyrni€2,700€81,000€9.5€2854.2%
Alimos€3,300€99,000€12.5€3754.5%
Glyfada€4,546€136,380€16.5€4954.4%
Elliniko€5,110€153,300€14.5€4353.4%
Voula€5,507€165,210€15.7€4713.4%
Vouliagmeni€6,000€180,000€20€6004.0%
Chalandri€2,500€75,000€10.5€3155.0%
Marousi€2,800€84,000€11€3304.7%
Kifisia€3,800€114,000€13€3904.1%
Piraeus€2,910€87,300€9€2703.7%
Acharnes€1,710€51,300€7.1€2135.0%
Perama€1,500€45,000€6.7€2015.4%
Dafni€2,300€69,000€10€3005.2%
Agia Paraskevi€2,800€84,000€10.5€3154.5%
Petralona€2,600€78,000€11€3305.1%
Moschato€2,400€72,000€9.5€2854.8%
Peristeri€2,000€60,000€8.5€2555.1%
Ilion€1,800€54,000€7.5€2255.0%
Egaleo€1,900€57,000€8€2405.1%
Zografou€2,700€81,000€10.5€3154.7%

Insights:

  • High-yield areas (above 5%): Kolonaki, Chalandri, Dafni, Acharnes, and Perama.
  • Premium areas like Vouliagmeni, Voula, and Elliniko have lower yields due to high property prices.