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Bulding for sale
€1,600,000
|
€3,548 per sqm
sqm
451
Rooms
5
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Your details will be shared with Danos Melakis Ltd so they can contact you about this property.
By submitting this form, you accept our Terms of Use and Privacy Notice.Steps on the way to the property
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View law firms in the areaAirbnb
A registration number can be issued and the property may be rented short term legally. However, if this property is actually used for the Greek Golden Visa route, it cannot also be used as a short-term Airbnb rental.
Golden Visa
This property meets the visa threshold for a high-demand area (Tier 1).
Disclaimer: This property assessment is calculated automatically from available listing data and is only an estimate. It does not guarantee actual eligibility or licensing outcome and should be verified with local counsel and the relevant authorities.
Airbnb
Short-term rental is allowed subject to AMA registration. Note: new Golden Visa properties in Greece are broadly barred from Airbnb.
Golden Visa
The investment threshold is EUR 800,000 for a single property of at least 120 sqm. Long-term rental only (no Airbnb).
Disclaimer: Regional information is indicative only, may change, and should not be treated as legal, regulatory, tax, or investment advice. Please verify with the relevant authorities.
Old Town is a neighborhood in Rethymnon and the surrounding area with an area of 0.7 sq km. Currently, most listings in the area are 120+ sqm, but there are other sizes available. Average used price per sqm is about €2,584 with a gross yield of 5% On GREI there are 7 properties for sale in Old Town from a wide range of local agencies.
Key metrics
New price per sqm
-
Used price per sqm
€2,584
Monthly rent
€371
Gross yield
5.23%
Property description
House FOR SALE in Rethimno Fortetza for € 1.600.000 . This 451 sq. m. House consists of 3 levels and features 5 Bedrooms, Livingroom, Kitchen, 2 bathrooms . The property also boasts unobstructed view, parking, internal staircase. The building was constructed in 1964 Plot area: 194 s.q. . Building Energy Rating: F Distance from sea 5 meters. Located in an exceptional position within the old town and just 5 meters from the sea, this property boasts a traditional setting with a plethora of people passing by to visit the old town. Situated on a plot of 194,58 square meters, the property itself spans an impressive 451 square meters, providing ample space for various purposes. This traditional stone building consists of three levels. The ground floor extends over 163 square meters and offers versatile space that can be transformed into a charming shop, caffe shop, or boutique. The first floor features an old apartment of 163 sq.m., providing comfortable living quarters for owners or potential guests. Finally the second floor has a surface of 123 sq.m. The property has a parking place in the entrance. With its excellent size, prime location, and close proximity to the sea, this property presents an incredible opportunity for either a tourist or commercial investment. Its authentic character and traditional charm combined with the high demand for properties in Rethymnon make it an attractive option for those seeking a unique venture in the heart of the city. Take advantage of this remarkable chance to own an authentic stone property in one of the most sought-after areas on the island of Crete.
Property details
sqm
451
Rooms
5
Year built
1964
Price per sqm
€3,548
Balcony
No
Bathrooms
2
Parking spaces
1
Elevator
No
Property code
13724
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Price list for neighborhood Old Town
Construction type
Used price per sqm
Monthly rent
Apartment
€2,976
€13
Detached house
€2,222
-
Maisonette
€2,729
€8
Studio
-
€14
Prices do not represent ground floor or basement apartments, which are often lower by tens of percent. This list is not an official source or a substitute for professional advice.
Neighborhood insights
Among the top 10 neighborhoods with the most bars
Among the ten neighborhoods with the most cafes
Among the ten neighborhoods with the most hotels
Among the top ten neighborhoods with the most restaurants
Property surroundings
This property is close to the sea.
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View how available listings are distributed across different categories
Property distribution
Distribution by construction type
Distribution by construction year
Year built
Up to 1960
56%
1960-1979
18%
1980-2000
13%
2000-2019
9%
2020+
4%