1 Bed Apartment for Sale in Outside Ireland – NEO FALLIRO-PIRAEUS ATHENS GREECE

GORGEOUS APARTMENT IN PIRAEUS GREECE Neo Faliro – Piraeus: A beautiful, bright, front-facing 55 sq.m. apartment is available for sale in an excellent location. The property features 1 bedroom, a fully renovated kitchen and bathroom, and a practical, functional layout, making it an ideal choice for both owner-occupancy and investment. The apartment is conveniently located within walking distance of the Neo Faliro ISAP (Electric Railway) Station and Metropolitan Hospital, offering easy access to public transportation, shops, and all essential amenities. The sale price includes a private parking space, a valuable advantage in the area. Sale Price: €190,000 Real estate in Piraeus yields an impressive total return on investment (ROI) of 10% to 12%, driven by property value appreciation of roughly 5% annually and long-term rental yields averaging between 7% and 8%.The Piraeus property market averages about €3,500 per square meter. Here is how the market breaks down:Long-Term Rentals: The influx of port professionals, maritime employees, and university students has fueled massive demand. Yields typically range from 7% to 8%.Short-Term Rentals: Piraeus is a midsize vacation rental market with an average daily rate around €103 and annual revenues of about $9,257.Investment Limitations: Under current 2026 regulations, the Greek government strictly prohibits the use of Greece Golden Visa properties for short-term rentals. Violating this restriction in high-demand zones like Piraeus carries a mandatory €50,000 fine and permit revocation.Alternative Locations: While Piraeus remains a hotspot, some investors suggest nearby southern coastal areas like Faliro and Alimos offer even stronger appreciation potential due to the Ellinikon project, although they command a higher Golden Visa threshold (up to €500k). Our office PROFETIS.COM undertakes everything is needed for transferring the ownership of the property to your name without pressure and losing time.we also provide lawyer and notary as well.