Apartment for sale
€270,000
|
€4,286 per sqm
sqm
63
Rooms
1
Floor
Floor 2
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Head of Property Marketing & Management Dept · Danos Melakis Ltd
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Head of Property Marketing & Management Dept · Danos Melakis Ltd
Interested in this property?
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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.Property description
Property code: 734262 - Koroni Magara, Heraklion Crete. FOR SALE: Apartment with a total area of 63 sq.m. . This is an apartment under construction, which is due to be completed in December 2027, in the Koroni Magara area in Heraklion Crete. Its design offers privacy and the sense of security of a large and luxurious complex. It has 1 bedroom, 1 living room, 1 kitchen, 1 bathroom and a large balcony. The property is A+ energy class and has an unobstructed view. It has photovoltaic panels for the electrification of the common areas, heat pumps for cooling and heating, high-energy-efficient aluminum frames, security door, pre-installation of an alarm system, excellent quality tiles and high-level thermal insulation. The apartment features modern high-quality materials, contemporary architectural design and functional layout. It is located in a family residential complex, ensuring a quality environment and at the same time in a privileged and developing area with easy access to the city center. <br>Koroni Magara is an urban suburb in the southwest of Heraklion, Crete, which is approximately two kilometers from the old city. It is mainly a residential area, while the wider area is suitable for professional use and office accommodation.
Property details
sqm
Rooms
Floor
Year built
Price per sqm
Balcony
Bathrooms
Parking spaces
Elevator
Property code
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Price list for neighborhood Mastampas
Price per sqm
Total price
sqm
Used price per sqm
Monthly rent
10-39
-
€10
40-64
€2,342
€9
65-89
€3,483
€9
90-119
€2,166
€7
120+
€3,239
€6
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.
Key metrics
New price per sqm
€3,895
Used price per sqm
€2,754
Monthly rent
€631
Gross yield
4.05%
View how available listings are distributed across different categories
Property distribution
Apartment size distribution (sqm)
Distribution by floor
Distribution by construction year
Year built
1960-1979
26%
1980-2000
10%
2000-2019
43%
2020+
21%
Property surroundings
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Airbnb
A registration number can be issued and the property may be rented short term legally.
Golden Visa
This property does not meet the threshold for a Golden Visa in Greece.
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.
Mastampas is a neighborhood in Heraklion and the surrounding area with an area of 1.5 sq km. Currently, most listings in the area are 120+ sqm, but there are other sizes available. Average used price per sqm is about €2,754 with a gross yield of 4% On GREI there are 2 properties for sale in Mastampas from a wide range of local agencies.