12/18/2025
Thessaloniki is quickly becoming a top destination for foreign investors from Israel, the Balkans, China, and Turkey, transforming the city’s real estate scene through the Golden Visa program.
Investors fall into two main categories:
€250,000 investments for renovations
€800,000 investments for luxury properties
Historic and commercial heart of Thessaloniki
High-prestige old office buildings ideal for conversion
Excellent rental yields and immediate income potential
Hot areas: Egnatia & Tsimiski streets, Valaoritou, Ladadika
Combines residential living with entertainment and lifestyle perks
“These neighborhoods offer strong investment potential with a mix of historic charm and modern utility,” says Philippos Progiopoulos, Secretary General of the Thessaloniki Real Estate Agents Association.
Targeting €800,000+ investors seeking high-end living
Modern apartments, sea views, and large floorplans
Ideal as second homes or high-value investment properties
Focus on long-term appreciation and lifestyle quality
Nea Paralia & Kalamaria: Spacious, modern apartments with sea views
Panorama & Pylaia: Private villas and houses, greenery, exclusivity
Vasilissis Olgas Avenue: Large neoclassical apartments, blending centrality and historic prestige
Western Thessaloniki: Still under the radar for Golden Visa investments, despite upgrades in Evosmos and Stavroupoli.
Source: https://www.theopinion.gr/thessaloniki-makedonia/golden-visa-oi-perioches-magnitis-gia-toys-xenoys-ependytes-sti-thessaloniki/