Apartment Apartment 16
€275,000
€5,612 / m² net
Net49.00 m²
Outdoor area—
Gross—
Lowest price among available apartments.
The first photo is a general view of the neighbourhood. Interior photos are from another project completed by the developer; they show the delivery standard and are not photos of this building. Current construction site photos of the building are available upon request.
In the historic centre of Athens, in Psyrri, approximately 240 m (3-minute walk) from Monastiraki metro station, on the second floor of a building: three 1-bed apartments: 49, 55 and 56 m²; prices €€275,000 – €€295,000. The 1962 building is being completely renovated: electrical and plumbing systems, bathrooms, kitchens and aluminium joinery are new; the exterior facade is also being renovated.
The most central address in the selection: Acropolis, Plaka and Monastiraki square are within walking distance; tenant demand in the centre is strong year-round. Delivery end of October 2026 — the project in the selection with the earliest key handover. Apartments are delivered unfurnished; there are no balconies.
Location is shown with a circle at the district level; the exact address is shared upon signing the Digital Viewing Protocol.
Distances are as the crow flies from the district centre (OpenStreetMap); airport travel time is by car in non-peak traffic. Information is confirmed in writing prior to an offer.
| Apartment | Floor | Type | Net m² | Outdoor area | Gross m² | Price | € / m² net | € / m² gross | Plan |
|---|---|---|---|---|---|---|---|---|---|
| Apartment 15 Our pick | 2 | 1-bed | 56.00 | — | — | €290,000 | €5,179 | — | |
| Apartment 16 Our pick | 2 | 1-bed | 49.00 | — | — | €275,000 | €5,612 | — | |
| Apartment 17 | 2 | 1-bed | 55.00 | — | — | €295,000 | €5,364 | — |
Avla Real Estate Area Report · Psyrri – Monastiraki · Athens historic centre · 23 – 24 October 2026. This is an assessment at the neighbourhood level; it does not include an inspection of a specific apartment.
Psyrri is a small, dense neighbourhood in the historic centre of Athens, just north of Monastiraki Square; Monastiraki is the market and square area opening onto the northern slope of the Acropolis. Both are in the 1st municipal district of Athens (2021: 74,556 people, ~6.8 km²). The neighbourhood centre is ~300 m from the Varvakios Central Market, ~470 m from the Ancient Agora, ~800 m from the Acropolis, and ~0.9 km from Syntagma as the crow flies. With its narrow streets, workshops, meze restaurants, and live music venues, the neighbourhood functions as a market district by day and an entertainment district by night.
The determining factor for demand is location and tourism density. According to the 2025 data of the Municipality of Athens, there are 19,071 tourist accommodation units and over 105 thousand beds in the city; approximately 60% of this capacity is concentrated in the 1st municipal district. Psyrri–Koumoundourou and Monastiraki–Plaka are among the areas with the highest density of short-term rentals and hotels; after the new registration freeze, the growth rate of this stock slowed to 1.7% – 5.4 in 2024–2025. New housing supply comes almost exclusively from the renovation of old buildings; there is negligible space for new-build projects.
English-language schools and their straight-line distances from the district center:
Distance is measured as the crow flies from the Psyrri neighbourhood centre to the school campus (OpenStreetMap); road distance is longer. We have not identified any international schools providing full English-language education in the centre; options are in the northern suburbs. Enrollment conditions are to be confirmed with the school.
Monastiraki station (Lines 1 and 3) is ~270 m from the neighbourhood centre and is one of the best-connected points in Athens: Line 3 goes to the airport and Line 1 to the port of Piraeus without transfers. Thiseio (Line 1) is ~450 m away, Omonia ~700 m, and Panepistimio ~750 m. Life in the neighbourhood is largely pedestrian and a vehicle is not required for the tenant; conversely, streets are narrow, vehicle access is restricted, and parking is typically unavailable or rented separately.
Distances are as the crow flies from the district center (OpenStreetMap); times are approximate and vary according to traffic and service frequency.
Psyrri is a neighbourhood for single-person or two-person households: demand continues year-round but is intertwined with tourism. New short-term rental registrations have been suspended since 2025 in the 1st, 2st, and 3nd municipal districts of Athens (extended until the end of 2026; an extension until the end of 2027 was announced in September 2026); Psyrri and Monastiraki are within this scope. Daily rentals are already prohibited for Golden Visa properties; the yield calculation should be based on long-term rent.
A separate listing index for Psyrri is not published; values refer to the neighboring Monastiraki sub-district, and furnished, short-term listings may inflate the rental average. Figures represent listing (asking) prices; actual transaction prices are generally somewhat lower. We do not provide unverified rental or yield figures for specific apartments; the rental agreement and the text of the rental guarantee are obtained in writing during the offer stage.
Avla’s district view: Positive — location premium. The value of Psyrri–Monastiraki comes from an irreplaceable combination: two metro lines, airport and port connections, the historic center, and the market all within the same radius. However, the price per square meter is high and rents are flat; this is a district where you purchase lasting location value rather than high yield, and the building–orientation selection is as decisive as the district selection.
Sources: Indomio · ELSTAT 2021 census · Athens Municipality tourism observatory (To Vima) · bnbnews.gr · This is Athens (City of Athens) · Athens Metro (STASY) · Bernitsas Law and The Host Daily (short-term rental legislation) · Bank of Greece · OpenStreetMap (distance measurement) · official school websites and IB registrations.
3 of the 3 apartments are available. From these, we highlight two apartments in terms of price, m² efficiency, and outdoor area.
Lowest price among available apartments.
The lowest price in the project per net m² is (€5,179).
Because there is no single figure. Legislation defines three tiers, and the location and legal status of a property determine which tier it falls into.
Practical implications for your file: The threshold for standard new builds in Attica is €800,000. Which threshold the properties in this file fall under is determined by the location and legal status of the property; this is confirmed in writing via an independent Greek lawyer’s review on a property-by-property basis. We have not stated in any section that “this apartment qualifies for GV”; we obtain confirmation via documentation.
This protocol is the PROPERTY VIEWING AND ADVISORY AGREEMENT.
Dear investor; this page is the digital viewing of the property on this page, made for you by Avla Real Estate Gayrimenkul A.Ş. Presenting a property to you on this page carries the same weight as showing it on site.
When you sign the protocol, the exact addresses and street details of all the properties presented to you are sent to you. You can then examine each property's street, address and surroundings in full detail on Google Maps.
1 · Introduction record. Which property was introduced, and by whom, is recorded with the viewing form. Our viewing form covers digital and physical viewings alike — presenting a property to you on a video call carries the same weight as showing it on site.
2 · Viewing. If you wish, properties are shown on a video call; or, during your visit, we pick you up from the airport, prepare a comprehensive two-day tour programme and accompany you throughout. We ask you to sign the viewing form before the tour. The tour and briefing are free of charge.
3 · Service fee. The service fee for the property on this page is 0%. Our only request is that the purchase of a property we have introduced is completed through our firm.
4 · Reservation. If you wish, a full legal review (title history, mortgages and liens, permits) is carried out by our lawyers; once the preliminary review is complete, we move to reservation. The reservation amount is generally limited to 10% of the sale price; the property can be paid for in full or in instalments.
5 · With you from start to finish. We are with you at every step, from the purchase itself to the Golden Visa application and its renewals.
| Ref | Property | District | Type | Area | Price | Service fee |
|---|---|---|---|---|---|---|
| A0233 | Monastiraki · 240 m to the metro, 1-bed apartments in a renovated building | Psyrri · Central Athens | 1-bed | 49.00 – 56.00 m² net | €275,000 – €295,000 | 2% + VAT — applied upon completion of purchase |
The Contracting Party confirms that the property(ies) listed above were introduced and shown to them by Avla Real Estate Gayrimenkul A.Ş. and Avla International Properties FZ-LLC (the "Agency"; together or individually "Avla"), and that they had no prior knowledge of these properties from any other source. Any prior acquaintance or relationship of the Contracting Party with the owner, developer or constructor of the listed properties does not constitute prior knowledge of the properties themselves and shall in no way affect or invalidate the Agency's rights under this Agreement; the decisive factor is the introduction of the specific properties by the Agency. (a) Service fee: if the Contracting Party, directly or indirectly, or through a spouse, relative, close business associate or any related natural or legal person, purchases or leases any of the listed properties through the mediation of the Agency, they shall pay the Agency the fee stated in the "Service fee" column, calculated on the final transaction price. This fee becomes due and payable automatically upon the signing of the final sale or lease agreement. (b) Protection of the introduction right: if the Contracting Party, or any of the related persons listed above, bypasses Avla and purchases or leases a property introduced by Avla directly from the owner or through a third party, a service fee equal to five percent (5%) of the final transaction price (plus VAT, if applicable) shall be paid to Avla as compensation for Avla's losses and expenses. (c) Developer-level protection: this protection is not limited to the listed properties; it also covers the company that is the owner, developer or constructor of the properties introduced by the Agency, and that company's affiliated companies. If the Contracting Party, or any of the related persons listed above, purchases or leases another property of these companies that is not on the list, that transaction shall also be deemed a result of the Agency's introduction, and the service fee and protection provisions above shall apply in full. No subsequent change in the price or in the negotiations shall cancel or reduce these obligations. The parties acknowledge that the Agency's fees under this Agreement will be invoiced from the United Arab Emirates or Türkiye. Personal data provided herein is processed solely for the purpose of this mediation, in accordance with Regulation (EU) 2016/679 (GDPR). This Agreement is governed by the laws of the United Arab Emirates; any dispute arising from it shall be subject to the exclusive jurisdiction of the Courts of the Dubai International Financial Centre (DIFC Courts), Dubai, United Arab Emirates, and the parties agree in writing that any claim within the applicable limits shall be heard by the DIFC Courts' Small Claims Tribunal.
By opening the presentation, you acknowledge that the properties on this page were introduced to you by Avla.
For the exact location and street details, call us or fill in the short form at the end of the page (under KVKK/GDPR) and we will call you.
The purchase price is not deposited into an account that the seller can use freely. It enters a separate bank account from which not a single cent can be withdrawn without two signatures: one from the seller and the other from the lawyer Avla has appointed for you. The money is transferred to the seller in installments only as the following steps are documented.
The co-signing lawyer cannot be removed without your consent; funds in the account are free from seizure and liens.
No payments can be made to any other person or account; the flow can only be altered by a court order.
Funds deposited into the account are used solely for the price and construction of this apartment and cannot be withdrawn. The contract is subject to Greek law; source of funds (AML) documents are required.
Source: developer’s “Private Agreement on Release of Funds” template. Installment ratios and timelines are written into the contract for each purchase; this section is a summary and does not replace the contract text.
We will disclose the figures with documentation during our meeting; however, to set your expectations correctly from the start, the framework is as follows:
For residential property purchases by non-EU/EEA natural persons, the property transfer tax is being increased from 3.09% to 15.45%. Corporate purchases, EU/EEA citizens, long-term residence permit holders, and individuals of Greek descent are excluded. The Prime Minister announced this on 6 September, and the Ministry of Finance provided details on 8 September — there is no draft law submitted to Parliament yet.
The 2026–2035 National Housing Strategy proposes a separate Golden Visa category where multiple apartments are purchased as a single portfolio and all are rented out long-term. The threshold, rental duration, and conditions have not yet been drafted; market sentiment suggests it will be an option for the €400,000 / €800,000 tiers where the single-property rule applies — this is a proposal, not law.
The €€250,000 tier is currently in effect and applies only to properties converted into residential units through a change of use. The sector is requesting an exemption from the new title deed tax for this category — the rationale being that these investments do not withdraw housing from the market, but rather create new stock. No decision has been made yet.
Once you submit the form, our team will call you; we will share the current availability, binding price, and payment plan for the apartments you are interested in via writing.
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avlarealestate.com →Projects we highlight under the Golden Visa; each card opens the project’s own page.
The listings on the map represent the current state of our portfolio; the list is synchronized with our website twice daily. You can narrow down your search using price, region, district, and ready-made filters, and view the photos and project facts for each listing.
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