Mansion 188 m² in Argos, Greece
Two‑story historic mansion of 188 m² in the center of Argos, on the main road. Built in 1901, requires renovation. Plot of 350 m², with the possibility of new construction up to 630 m². The mansion features two shops on the ground floor, suitable for conversion into a boutique hotel, apartments, or commercial premises. Price €155,000.
Location
Argos is one of the oldest continuously inhabited cities in Europe, located in the Peloponnese. The property is situated in the commercial district, on the main road, surrounded by historic buildings. This is a location with high tourist and commercial foot traffic.
Key infrastructure facilities are within walking distance. The central location allows for independence from a car for daily needs. The nearest airport is within driving distance.
About the property
The total area of the building is 188 m², spread across two levels. On the ground floor, there are two shops that can operate independently. The upper floor is a living space with six bedrooms and two bathrooms. The layout allows for division into two independent apartments. Historical elements have been preserved: high ceilings with stucco, wooden window frames and hand‑carved details, authentic flooring, and an internal staircase with carved railings. The property requires renovation, is fully painted, and is bright. It includes a veranda and a garden.
In the complex
The building is a detached historic mansion, constructed in 1901. It is integrated into the urban fabric and is an example of local architectural heritage. The house sits on a 350 m² plot. Energy class — Z.
Price and costs
- Price — €155,000.
- Price per square meter — €824.
- Year of construction — 1901.
When purchasing existing property in Greece, the buyer pays a property transfer tax of approximately 3.09%, plus notary and registration fees. VAT on new builds has been suspended until the end of 2026; instead, the same 3.09% tax applies.
The final transaction amount, including all fees, is calculated individually and provided before the contract is signed.
Annual expenses: property tax (ENFIA), which in 2026 may be reduced by 50% for a primary residence in settlements of up to 1,500 inhabitants, provided the property value does not exceed €400,000, as well as the municipal tax (TAP) at 0.025–0.035% of the assessed value.
Purchase procedure and transaction format
Form of ownership — full ownership (freehold). Foreigners are eligible to purchase property in Greece under a standard procedure. Transaction steps: property selection, legal due diligence, signing of a preliminary agreement, payment, notarial closing, and registration in the land registry. Online viewings and remote purchase by power of attorney are available. Languages of support — Greek, English.
If you are considering it as an investment
The mansion can be divided into two independent apartments, making it suitable for rental business. Its central location and two autonomous shops create opportunities for commercial use: a boutique hotel, Airbnb apartments, or commercial premises. Rental income in Greece is subject to progressive tax from 15% to 45%. Short‑term rental conditions require separate verification.
The seller classifies the property under the Greece Golden Visa program for investments; however, in 2026 the minimum threshold for real estate in areas not including Attica, Thessaloniki, Mykonos, and Santorini is €400,000. It is necessary to confirm whether Argos 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 in the country.
Suitable for
— Those seeking a property for restoration while preserving historical elements.
— Investors considering division into several independent rental units.
— Buyers for whom commercial use of centrally located property is important.
May not be suitable for
— If you need a move‑in‑ready property without renovation.
— Those looking for a modern building with new systems.
— If on‑site parking is important.
— If the budget does not account for restoration and maintenance costs for an older building (approximately 6–9% of the transaction value).
What to know before the transaction
The building, constructed in 1901, requires significant renovation, which involves additional costs and time. Located in the city center, the property is subject to urban noise and high seasonal traffic. Maintaining an older building has its own specific challenges, related to the preservation of historical elements and possible reconstruction restrictions. Outside the season, the city lives at a slower pace, and many tourist establishments may close.
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.