The rental yield of a property purchased in Athens may vary depending on the location, size, type, and market conditions of the property. However, in general, I can provide some average figures regarding rental yields for properties in Athens:
Average Rental Yield:
- Monthly Rental Income:
- Monthly rent for 1+1 or 2+1 apartments in popular areas of Athens (e.g., Plaka, Kolonaki, Syntagma, Kifisia) generally ranges from 700 to 1,500 euros.
- In less central areas, this figure can range from 500 to 800 euros.
- Annual Rental Income:
- A property generating a monthly rental income of 1,000 euros can provide an annual income of 12,000 euros.
- A property with a monthly rental income of 600 euros will generate an annual income of 7,200 euros.
Return on Investment (ROI):
- The annual rental yield on real estate investments in Athens can generally offer a return of between 4% and 7%. Therefore, the annual rental yield on a €250,000 property could be between €10,000 and €17,500 on average.
Sample Calculation:
- Property Value: 250,000 Euros
- Monthly Rent: 1,000 Euro
- Annual Rent: 12,000 Euro
- Annual Return Rate: (12,000 / 250,000) * 100 = 4.8%
Note:
- Rental income may vary depending on property management, maintenance costs, local taxes, and other expenses. Additionally, rental income is likely to increase during the summer months (tourism season). Rental income may also vary depending on the strategy between long-term rentals and short-term rentals (e.g., vacation rentals).
It is important to make informed decisions by conducting market research and seeking professional advice before investing.
