Townhouse 77 m² in Gerakini, Sithonia, Halkidiki
Townhouse 77 m² located 100 meters from the sea in the village of Gerakini on the Sithonia peninsula. Two bedrooms, one bathroom. Year of construction — 1974. Energy class E. Price €220,000. The property requires attention, but is situated in one of the most sought-after coastal areas of Halkidiki.
Location
Gerakini is a coastal village on the Sithonia peninsula, known for its long sandy beaches and peaceful atmosphere. The village is located between the Kassandra and Sithonia peninsulas, making it a convenient base for exploring Halkidiki. The area combines tranquility with access to shops, taverns, and cafes.
The sea is 100 meters away. Thessaloniki International Airport is about an hour's drive. Transport accessibility makes it comfortable for both holidays and permanent residence. A car is advisable but not essential for daily needs.
About the property
Townhouse with an area of 77 m². It comprises two bedrooms and one bathroom. Year of construction — 1974. Energy class — E. The property requires renovation. The exact layout and the presence of a terrace or balcony are not specified in the source.
In the complex
Information about the complex's grounds, security, and other buildings is not provided in the source.
Price and costs
Price — €220,000.
Price per square meter — €2,857.
Year of construction — 1974.
When purchasing existing property in Greece, the buyer pays a property transfer tax (FMA) of 3% of the value, plus a municipal surcharge of 0.09%, totaling 3.09%. For a primary residence, there is a tax-free threshold: for a single buyer — €200,000, for a family — €250,000 plus €25,000 per child. If the property exceeds the threshold, tax is paid only on the excess amount.
Notary fees — approximately 1% of the property value. Registration fees (cadastre) — 0.5% of the value. Legal support — 0.5–1% of the value, though not mandatory.
VAT on new builds is suspended until December 31, 2026. For existing properties, this tax does not apply.
The final transaction amount, including all fees, is calculated individually and provided before the contract is signed.
Annual expenses: property tax (ENFIA) — for primary residences in settlements of up to 1,500 inhabitants, a 50% reduction applies in 2026 for properties valued up to €400,000. From 2027, the tax for such properties may be eliminated. The municipal tax (TAP) is also payable.
Purchase procedure and transaction format
Form of ownership — full ownership (freehold). Foreigners are eligible to purchase property in Greece. The transaction is notarized. Online viewings and remote purchase by power of attorney are available. Languages of support — Greek, English (upon request).
If you are considering it as an investment
Gerakini attracts both Greek families and international buyers. The tourist season in Halkidiki runs from May to October, creating demand for short-term rentals. The property could be considered for seasonal rental, subject to renovation. No data on projected yields or a management company is provided in the source.
The seller may classify the property under the Greece Golden Visa program; however, in 2026 the minimum investment threshold for areas not including Attica, Thessaloniki, Mykonos, and Santorini is €400,000. It is necessary to verify whether Gerakini falls under this threshold and whether the conditions are current at the date of the transaction. Owning property does not in itself grant the right to long-term residence.
Suitable for
- Those seeking an affordable seaside property in a popular region.
- Buyers willing to invest in renovation and updating the townhouse.
- Investors considering seasonal rental after restoration.
May not be suitable for
- If you need a move-in-ready property without renovation.
- Those looking for a new building with modern systems.
- If on-site parking, a garden, or a terrace is important — these details are not provided in the source.
- If the budget does not account for renovation and transaction costs (7–11% of the value).
What to know before the transaction
The building, constructed in 1974, requires significant renovation. Accurate data on the condition of the systems, roof, and façade is not available — an inspection is necessary. During the high season, Gerakini is busy with tourists, and coastal roads may be congested. Outside the season, the village lives at a slower pace, and some establishments close. The year of construction and energy class may affect the annual ENFIA tax.
How to view and purchase
Let us know when you plan to visit and what your budget is. A Discount House manager will confirm whether the property is available, send a full cost breakdown for the transaction, and suggest alternatives in the same area. Viewings in person or via video. Response within 30 minutes.