€600,000 house in Panorama, Eastern Thessaloniki – premium real estate with residence permit
Real estate Characteristics
Modern house with an area of 222 sq. m. located in the prestigious Panorama area, Eastern Thessaloniki. The facility was built in 2001 and has a spacious layout. The house has 2 bedrooms, 2 bathrooms, panoramic sea views. Class B energy efficiency ensures optimal utility costs. When buying this property, a residence permit is provided.
Advantages of the purchase
Panorama is one of the most developed and sought–after areas of Thessaloniki. Housing is in demand here both for personal living and for investment purposes. The average cost of renting similar properties is 1,500-2,000euros per month, which makes the property attractive for passive income.
Real estate and investment market
Over the past 5 years, the real estate market in Thessaloniki has shown steady growth. The average cost of housing increased by 35%, due to high demand from foreign investors and local buyers. Panorama remains one of the leaders in terms of price growth due to its convenient infrastructure, luxury buildings and proximity to the city center.
Residence permit for the purchase of real estate
The purchase of real estate in Greece in the amount of 250,000 euros or more allows you to obtain a residence permit under the Golden Visa program. This gives the right to free movement in the countries of the Schengen area, as well as the opportunity to obtain permanent residence or citizenship in the future.
The region and its advantages
Thessaloniki is the second largest city in Greece, attracting tourists, investors and locals. Panorama is known for its high standard of living, high-quality infrastructure, prestigious schools and proximity to the seaside. The city is famous for its mild climate, with a comfortable temperature of +10°C in winter and +30°C in summer.
This facility is a profitable investment that provides comfortable living and stable rental income.