Thermae View Residences Thessaloniki: Prices, Apartments and Rental Yield
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A project of 37 apartments in the east of Thessaloniki, 300 metres from the waterfront. Prices start at EUR 250,000 and 35 of the 37 are for sale, which makes this the widest choice in our portfolio.
Apartment types, current price range and location: see the project page
Thermae View Residences is OIKOS Property Developments’ project in Thessaloniki. All 37 apartments, over five floors, are one bedroom units of roughly 35 to 40 square metres. The layouts are drawn to make every square metre count and to take in as much daylight as possible. Handover is 30 June 2028, with a six month grace period.
Prices
- Starting price: 250.000 € (GF03, 33 m² internal, 37 m² total)
- Top price: EUR 397,000 (D07, 53 m² internal, 63 m² total)
- 37 apartments in total, 35 for sale
- Apartment type: all one bedroom, 35 to 40 m²
- Deposit 10%, the balance in quarterly instalments
- Rental guarantee: 3 years at 3%, provided by the developer
- Handover: 30/06/2028, with a six month grace period
- Appliances included: air conditioning in every room, oven, hob, extractor
The developer, OIKOS Property Developments, is based in Athens and has been in the Greek housing market for more than 15 years. It has offices in Cyprus and China and a wide partner network that includes Turkey. The Sokio Hotels & Resorts brand is also theirs, run in partnership with Best Western and Wyndham. They were named the best luxury hotel developer in Greece at the Luxury Lifestyle Awards.
Why Thermae View?
The real strength of Thermae View is where it sits. The project is inside the healthcare cluster of Thessaloniki: six hospitals are within walking or a short drive, some of them university hospitals. Add to that 300 metres to Nea Paralia, the city waterfront, and 700 metres to Analipsi station on the metro that opened at the end of 2024. Because the metro is new, the transport advantage along this line is not yet fully reflected in prices.
- Nea Paralia waterfront: 300 m
- Analipsi Metro Station: 700 m
- Bus stop: 110 m
- Thessaloniki Dermatological Hospital: 750 m
- Euromedica: 1.1 km
- Ippokratio General Hospital: 1.2 km
- Theagenio Cancer Hospital: 1.8 km
- AHEPA University Hospital: 3.4 km
- Makedonia Airport: 11.3 km
Daily life
Everyday needs are very close: a pharmacy at 12 metres, a bus stop at 110. The waterfront is the most used part of the city for walking and cycling. Thessaloniki is calmer than Athens and noticeably cheaper, so the same budget buys a more central location.
Rental yield and tenant profile
The tenant profile is clear: healthcare staff working in the hospitals, university students, young professionals and couples. Apartments of 35 to 40 square metres are the fastest letting product in this market. The developer also provides a rental guarantee of 3 years at 3%, so the yield for the first three years is fixed by contract.
Communal areas and specification
- Air conditioning in every room, plus integrated oven, hob and extractor, included on handover
- Beige or cream floor tiles, 120x60 cm or 60x60 cm
- Floor to ceiling, fully fitted wardrobes
- Soft close hinges and drawer runners, high pressure laminate worktop
- Laminated security entrance door
Who is buying?
Investors looking for rental yield and buyers who want a second home in Greece. Not suitable for those aiming at the Golden Visa: the threshold in Thessaloniki is EUR 800,000 with a minimum of 120 square metres, and these apartments are 35 to 40 square metres.
Total cost: what do you actually pay when buying Thermae View?
Greece has no stamp duty. Because these projects convert existing buildings, the 24% VAT that applies to new construction does not arise either; the buyer pays the 3.09% transfer tax instead. The table below is indicative, based on the starting price.
| Item | Amount |
|---|---|
| Property price | €250.000 |
| Property transfer tax (3.09%) | €7.725 |
| Notarial fees (1.70%, VAT included) | €4.250 |
| Legal fees and due diligence (1.24%) | €3.100 |
| Land registry (0.70%, VAT included) | €1.750 |
| Fixed items (engineer, E9, power of attorney, postage) | €684 |
| Approximate total | €267.509 |
If you will apply for a residence permit, state fees, the permit card and health insurance are calculated separately. For your own scenario you can use our Greece purchase cost calculator .
Risks and what to watch for
- An off-plan sale. Handover in mid 2028, with a six month grace period written into the contract.
- Not eligible for the Golden Visa. Thessaloniki is on the EUR 800,000 threshold with a 120 m² floor.
- Once the rental guarantee ends, the yield depends on market conditions.
- The apartments are small; this is a letting product, not one for family use.
- The Thessaloniki rental market is thinner than Athens, and the buyer pool on exit may be narrower.
How does Thermae View compare with the alternatives?
- Cheaper than our Athens projects: the same budget buys a larger apartment.
- Trinity offers a similar tenant profile in the Athens hospital cluster, but prices start at EUR 300,000.
- If you are looking with the Golden Visa in mind, Levante Villas is the only eligible project in our portfolio.
- The entry ticket is lower than the Dubai projects, though Dubai has no rental income tax.
We can work out together which project fits your goal, based on your budget, intended use and exit plan. We can tell you the same day which apartments are available at Thermae View and at what price.
