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This property is close to the sea.
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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
Airbnb
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.
Key metrics
New price per sqm
-
Used price per sqm
€2,584
Monthly rent
€371
Gross yield
5.23%
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.
Property description
In the heart of Rethymno, meters from the beach and promenade, this building of 270 sqm, dating back to 1847, is for sale. Spread over three levels (ground floor, 1st, and 2nd floor), the property showcases traditional architecture, ceiling decorations, design, and a rooftop terrace with sea and city views. It requires renovation, it offers the potential to become a property of value, for hospitality or private use. Total area: 270 sqm. Year built: 1847. 3 levels. Sea & city views. Traditional architectural details. Rooftop terrace. steps from the beach and promenade.
Property details
sqm
270
Year built
1847
Price per sqm
€7,963
Balcony
No
Elevator
No
Property code
1297878
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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.
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%
Relevant projects in the neighborhood