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Thessaloniki Bay Residences
Avla Real Estate · Exclusive Selection · Property code A0182

Thessaloniki Bay Residences

Boutique 1-bed apartments with sea views on the Thessaloniki waterfront.
A0182
Property code
32
Available units
€256,000 – €397,000
Price range
June 30, 2028
Delivery
3% · 3 years
Rental guarantee
Golden Visa
Class
pending confirmation
Energy class
Highlights

Why this property?

  • 300 metres from the seaside promenade
  • Annual rental guarantee of 3% for 3 years
  • Delivery in June 2028, including white goods
Images

Building and apartments

Images 1–5 are computer-generated representative exterior visuals; images 6–8 are actual shots of the neighbourhood and the bay; images 9–14 are from the developer’s show apartment and are not shots of this building.

Project facts

Project facts

New build on the eastern coast of Thessaloniki, in the Analipsi district, approximately 300 m from the Nea Paralia seaside promenade, ground floor + 4 floors: 37 apartments, all 1-bed. 5 apartment on the ground floor, 8 per floor on the upper levels; sea view is partial and side from the 2nd floor, and prominent on the 3rd and 4th floors. Apartments are delivered with white goods.

Availability
32 apartments available · total 32 residences
Distribution of available units: 12 units of 1-bed · 3 units of 1-bed · sea view · 3 units of 1-bed · partial sea view · 4 units of 1-bed · partial side sea view · 10 units of 1-bed · side sea view
Price
€256,000 – €397,000
Area
37.00 – 53.00 m² net · 40.00 – 63.00 m² with balcony
€ / m²
net €6,750 – €7,491
Delivery
June 30 2028 · construction start 2027 1 quarter (planned)
Rental guarantee
3% · 3 years (as stated in the developer’s price list)
Building
Conversion (redevelopment) · ground + 4 floors · 37 apartments
Amenities
Delivered with white goods included
Service fee
0%
Golden Visa
Eligible
Room
Total 1-bed · 1 bathroom
Payment
10% down payment + 3 installments

Listing page  ·  Area report  ·  Investment feasibility (PDF: TR · EN)

Location

Analipsi · Thessaloniki east coast

Location is shown with a circle at the district level; the exact address is shared upon signing the Digital Viewing Protocol.

Schools
German School of Thessaloniki (international) 4.6 km · Hellenic-French School Kalamari (international) 5.4 km · public middle school 0 m
Shopping
Eboriko Kentro Kifisias Shopping Mall 2.1 km · supermarket 150 m
Transport
Analipsi Metro 550 m
Airport
Thessaloniki Airport ~15 min (by car)

Distances are as the crow flies from the district centre (OpenStreetMap); airport travel time is by car in non-peak traffic. Information is confirmed in writing prior to an offer.

Price list · Thessaloniki Bay Residences · A0182

Prices and available apartments

ApartmentFloorTypeNet m²Balcony m²Gross m²Price€ / m² net€ / m² grossBathroomsPlan
GF01Ground1-bed44.003.0047.00€297,000€6,750€6,3191
GF02Ground1-bed38.002.0040.00€260,000€6,842€6,5001
GF04 Our pickGround1-bed37.005.0042.00€256,000€6,919€6,0951
GF05 Our pickGround1-bed37.0011.0048.00€256,000€6,919€5,3331
A0111-bed41.009.0050.00€282,000€6,878€5,6401
A0211-bed42.007.0049.00€286,000€6,810€5,8371
A0311-bed41.007.0048.00€281,000€6,854€5,8541
A0411-bed42.009.0051.00€286,000€6,810€5,6081
A0511-bed38.005.0043.00€263,000€6,921€6,1161
A0611-bed40.007.0047.00€270,000€6,750€5,7451
A0711-bed53.0010.0063.00€360,000€6,792€5,7141
A0811-bed39.002.0041.00€266,000€6,821€6,4881
B0121-bed · partial sea view41.009.0050.00€285,000€6,951€5,7001
B0221-bed · partial side sea view42.007.0049.00€289,000€6,881€5,8981
B0321-bed · partial side sea view41.007.0048.00€284,000€6,927€5,9171
B0521-bed · partial side sea view38.005.0043.00€266,000€7,000€6,1861
B0621-bed · partial side sea view40.007.0047.00€273,000€6,825€5,8091
B0721-bed · partial sea view53.0010.0063.00€363,000€6,849€5,7621
B0821-bed · partial sea view39.002.0041.00€269,000€6,897€6,5611
C0231-bed · side sea view42.007.0049.00€293,000€6,976€5,9801
C0331-bed · side sea view41.007.0048.00€288,000€7,024€6,0001
C0431-bed · side sea view42.009.0051.00€293,000€6,976€5,7451
C0531-bed · side sea view38.005.0043.00€270,000€7,105€6,2791
C0631-bed · side sea view40.007.0047.00€277,000€6,925€5,8941
C0731-bed · sea view53.0010.0063.00€371,000€7,000€5,8891
C0831-bed · sea view39.002.0041.00€280,000€7,179€6,8291
D0241-bed · side sea view42.007.0049.00€297,000€7,071€6,0611
D0341-bed · side sea view41.007.0048.00€292,000€7,122€6,0831
D0441-bed · side sea view42.009.0051.00€297,000€7,071€5,8241
D0541-bed · side sea view38.005.0043.00€274,000€7,211€6,3721
D0641-bed · side sea view40.007.0047.00€281,000€7,025€5,9791
D07 Our pick41-bed · sea view53.0010.0063.00€397,000€7,491€6,3021
All apartments 1-bed. Gross area = net interior area + balcony. € / m² net = price ÷ net area; € / m² gross = price ÷ gross area. The plan button opens the floor plan where the apartment is located. Additionally, 4 apartment is Reserved (soft reserve) — B04 €289,000 · D01 €307,000 · D08 €292,000 · GF03 €250,000; we will notify you first if the reservation is released. Prices are listing prices; source is the developer’s current list, 6 October 2026. Binding price and current availability are fixed with written confirmation at the offer stage.

Floor plans

Ground floor
Ground floor
1st floor
1st floor
2nd floor
2nd floor
3rd floor
3rd floor
4th floor
4th floor
Apartment location diagram 1
Apartment location diagram 1
Apartment location diagram 2
Apartment location diagram 2
Plans are based on the developer’s drawings; the apartment-plan matching is confirmed in writing at the offer stage.
Area report · Thessaloniki east coast+
Nea Paralia coastal park · Thessaloniki
Nea Paralia · Photo: Andreas Wolf 01 · CC BY-SA 4,0 · Wikimedia Commons

Avla Real Estate Area Report · Thessaloniki · Analipsi – Nea Paralia · 23 – 24 October 2026. This is a district-level assessment; it does not include a review of a specific apartment.

Location

Thessaloniki is Greece’s second-largest city and the centre of Central Macedonia; in the 2021 census, the municipal population was 319 thousand, and the Thessaloniki regional unit was approximately 1.09 million. Analipsi is a densely built residential district on the east side of the city, located between the historic centre and Kalamaria: residential and daily retail are intertwined, and green space within the district is limited; this deficiency is met by the Nea Paralia coastline.

Nea Paralia is an award-winning urban regeneration project that redefined the city’s coastline: a walking and cycling path extending east from the White Tower, thematic gardens, and an uninterrupted park by the sea. The coastline is ~450 m from the district centre, the Megaron Concert Hall is ~1.2 km away, the White Tower is ~2.2 km away, and Aristotelous Square is ~3 km away.

Housing demand is driven by three structural elements: the Aristotle University, which is the largest university in Greece (campus ~2.5 km), the AHEPA University Hospital (~2.5 km), and employment in the city centre. Infrastructure has changed significantly in the last two years: the main metro line opened in November 2024, and the Kalamaria extension entered service on 27 August 2026. The Flyover project, which upgrades the city’s eastern ring road, was 2026 complete as of September 62%; the delivery target is May 2027. Thessaloniki is the major Greek city closest to Turkey by road.

Schools

English-language schools and their straight-line distances from the district center:

  • Pinewood American International School — American curriculum + IB PYP and MYP; IB Diploma in partnership with Anatolia · English · Pre-K – Grade 12 · Pylaia · ≈4,050 m
  • Anatolia College — Greek high school programme + English IB Diploma (Grade 11 – 12) · Pylaia · ≈4,050 m

Distance is a straight-line measurement from the district centre to the school campus; road distance is longer. Both schools share the same campus. There are state middle and high schools in the district providing education in Greek. Enrolment conditions and availability should be confirmed directly with the school.

Transport

The Analipsi metro station is ~250 m from the district centre; the main line connects to the city centre, the university, and the main train station without transfers, and the Kalamaria extension added the east side to the same network. The walking and cycling path along the coast provides uninterrupted access to the centre.

Distances
Metro Analipsi
~250 m
Nea Paralia coastline
~450 m
Megaron Concert Hall
~1.2 km
White Tower
~2.2 km
AHEPA Hospital · Aristotle University
~2.5 km
Aristotelous Square
~3 km · approximately 7 minutes by car
Thessaloniki Airport (SKG)
~13 km by road · approximately 15 minutes by car

Distances are as the crow flies from the district centre; car travel times are without traffic.

Tenant profile

In Thessaloniki, rental demand is not based on tourism but on the city’s own economy; therefore, it lasts all year round. Rental demand operates according to the academic and corporate calendar, not the summer months.

  • University — students, academics, and researchers look for housing throughout the academic year; 1-bed is the primary product for this demand.
  • Healthcare professionals — AHEPA and the hospital cluster in the city centre; medium-to-long term, regular payment.
  • Port, logistics, and services — one of the country’s major ports and a hub for employment; year-round white-collar demand.
  • Metro axis professionals — employees wishing to reach the centre without a car; walking distance to the station is the primary criterion for this group.
Market indicators
Average listing price · Analipsi – Mpotsari – Nea Paralia
€2,799/m² (+6.0% annual) · September 2026 · Indomio
Average listing price · Thessaloniki municipality
€2,696/m² (+3.53% annual) · September 2026 · Indomio
Average listing price · Kalamaria
€3,142/m² (+7.94% annual) · September 2026 · Indomio
Average rental listing · Thessaloniki municipality
€9.91/m²/month (+6.56% annual) · September 2026 · Indomio
Thessaloniki apartment prices
+4.7% annual · 2 quarter 2026 · Bank of Greece

Figures represent listing (asking) prices; actual transaction prices are generally slightly lower. New builds are priced above these averages. We do not provide unverified rental or yield figures for specific apartments.

Risks

  • Golden Visa restriction: Short-term (daily) rentals are prohibited in properties acquired via Golden Visa; the income model is based on long-term rentals.
  • Value appreciation lags behind Athens: In the Central Bank index, Thessaloniki (+4.7%) remained below both Athens (+5.0%) and the national average (+5.5%); municipal listing prices increased by only 3.5% annually.
  • Neighbourhood fabric: dense construction, limited green space; traffic and noise on main axes.
  • Data depth: Thessaloniki’s rental and value data is not as deep as that of Athens; rental averages at the neighbourhood level are not published.
  • Tax calendar: it has been announced that for non-EU/EEA individuals, the property transfer tax will increase from 3% to 15% as of 1 July 2027; scope and exemptions are confirmed prior to purchase.

Avla’s neighbourhood view: Positive — income-focused. Demand in Thessaloniki is driven by the university, hospitals, the port, and the city centre; it is not seasonal. Analipsi is a neighbourhood where the metro meets Nea Paralia, with a self-contained daily life; the neighbourhood price (€2,799/m²) is slightly above the municipal average and below that of neighbouring Kalamaria.

Sources: Indomio · Bank of Greece · ELSTAT 2021 census · European Commission and Thessaloniki Metro operator (Kalamaria extension) · Ministry statements regarding the Flyover · official school websites · OpenStreetMap (distances, OSRM durations).

Our pick

Apartments we recommend for you

32 of the 32 apartments are available. We highlight three of these in terms of price, m² efficiency, and outdoor space.

Best entry point
Apartment GF04
Ground floor · 1-bed
€256,000
€6,095 / m² gross · €6,919 / m² net
Net37.00 m²
Outdoor area5.00 m²
Gross42.00 m²

Lowest price among available apartments; there is one more apartment at the same price (GF05).

Best gross m² price
Apartment GF05
Ground floor · 1-bed
€256,000
€5,333 / m² gross · €6,919 / m² net
Net37.00 m²
Outdoor area11.00 m²
Gross48.00 m²

The lowest price in the project per gross m² is (€5,333); including 11 m² of outdoor area.

Large outdoor area · top floor
Apartment D07
4th floor · 1-bed · sea view
€397,000
€6,302 / m² gross · €7,491 / m² net
Net53.00 m²
Outdoor area10.00 m²
Gross63.00 m²

The largest outdoor area (10 m²) among the available apartments on the top floor.

↑ Full price list
Framework first

Why does the investment threshold differ for everyone?

Because there is no single figure. Legislation defines three tiers, and the location and legal status of a property determine which tier it falls into.

€800,000
Upper tier
Applies to areas under high demand. Requires a single property and at least 120 m².
€400,000
Other areas
The same conditions of a single property and at least 120 m² apply.
€250,000
Not location-dependent
Only in two cases: (a) change of use for a non-residential building, (b) restored listed building.

The practical implication for your file: This project is eligible for the Golden Visa and is assessed at the €€250,000 threshold. Which threshold the properties in this file fall under is determined by the location and legal status of the property; this is confirmed in writing by an independent Greek lawyer on a property-by-property basis. We have not stated in any section that “this apartment grants a GV”; we obtain confirmation via documentation.

Digital Viewing ProtocolThe exact address and apartment-specific location are shared upon signing the protocol+
Introduction record

Digital Viewing Protocol

This protocol is the PROPERTY VIEWING AND ADVISORY AGREEMENT.

Dear investor; this page is the digital viewing of the property on this page, made for you by Avla Real Estate Gayrimenkul A.Ş. Presenting a property to you on this page carries the same weight as showing it on site.

When you sign the protocol, the exact addresses and street details of all the properties presented to you are sent to you. You can then examine each property's street, address and surroundings in full detail on Google Maps.

Contracting Party
Completed in your name at signing
Phone
Added at signing
Email
Added at signing
Client Reference
—
Client Registration No
—
Advisor
M. Sami Akbeniz · Avla · +90 532 282 26 57
Agency (Türkiye)
Avla Real Estate Gayrimenkul A.Ş. · Caferağa Mah. Şifa Sk. No:19, Kadıköy / Istanbul · Kadıköy Tax Office 1061174832
Agency (UAE)
Avla International Properties FZ-LLC · Free Zone Limited Liability Company (FZ-LLC), Ras Al Khaimah Economic Zone (RAKEZ) · Service licence no 47037577 · Media licence no 17010313 · RAKEZ registration no 1911964 · Address: CWEP8995, Compass Building, Al Shohada Road, Al Hamra Industrial Zone-FZ, Ras Al Khaimah, United Arab Emirates · Manager: Mehmet Sami Akbeniz · Licence valid 24.09.2026 – 23.09.2027
Offices
Istanbul · Athens · Dubai · London
Date of Introduction
The date this page was sent to you

Get the address details

WhatsApp
Security and Golden Visa 2026Your funds are held in a dual-signature account — how your money is protected step-by-step, 2026 rules+
Financial protection shield

Your money does not go to the seller, but to a dual-signature account.

The purchase price is not deposited into an account that the seller can use freely. It enters a separate bank account from which not a single cent can be withdrawn without two signatures: one from the seller and the other from the lawyer Avla has appointed for you. The money is transferred to the seller in installments only as the following steps are documented.

Exclusively for Avla clientsThis dual-signature escrow account is not a standard practice offered by the developer to everyone. It is opened only for clients purchasing through Avla, and Avla appoints the co-signing lawyer. Currently, only one of our developers offers this account; we will confirm in writing during our meeting whether it is applicable to your chosen project.
You
Deposit the purchase price into a single account
the full amount
Dual-signature escrow account
Opened in the seller’s name; no funds can be withdrawn without two signatures
✍ Seller’s representative✍ Lawyer appointed by AvlaBuyer’s representative
as documented, in installments
Seller
Only to their own account, only upon documented completion of stages
  1. 1ReservationPrice in the signed reservation agreement
  2. 2Final contractThe portion excluding construction costs — upon signature at the notary and written confirmation from your lawyer
  3. 3Foundation and frameFirst construction installment — with the signed letter of the supervising engineer
  4. 4Walls and plasteringUpon completion of your apartment — again with the engineer’s letter
  5. 5DeliveryOnce the apartment and common areas are finished and utility applications are submitted — remaining installment

Lawyer cannot be replaced

The co-signing lawyer cannot be removed without your consent; funds in the account are free from seizure and liens.

Funds are released only to the seller’s account

No payments can be made to any other person or account; the flow can only be altered by a court order.

What you need to know clearly

Funds deposited into the account are used solely for the price and construction of this apartment and cannot be withdrawn. The contract is subject to Greek law; source of funds (AML) documents are required.

Source: developer’s “Private Agreement on Release of Funds” template. Installment ratios and timelines are written into the contract for each purchase; this section is a summary and does not replace the contract text.

What you need to know

2026 table for Golden Visa

We will disclose the figures with documentation during our meeting; however, to set your expectations correctly from the start, the framework is as follows:

800,000 €
Standard investment threshold applicable throughout the Attica region.
250,000 €
Special route applicable only to properties converted into residential units through a change of use, with the conversion completed.
5 years
Residence permit duration; renewable as long as the property is held.
Prohibited
Short-term (Airbnb-style) rentals are not permitted for properties subject to the Golden Visa.
Important: If the price shown on the title deed falls below €250,000, the right of residence becomes invalid. This threshold must be maintained during discount negotiations. If the property is sold, the residence permit is cancelled. The threshold applicable to each project is documented separately.
Announcement · September 2026

Property transfer tax 15%

From 1 July 2027

For residential property purchases by non-EU/EEA natural persons, the property transfer tax is being increased from 3.09% to 15.45%. Corporate purchases, EU/EEA citizens, long-term residence permit holders, and individuals of Greek descent are excluded. The Prime Minister announced this on 6 September, and the Ministry of Finance provided details on 8 September — there is no draft law submitted to Parliament yet.

Industry report — transfer tax and €250,000
Under consultation · June 2026

Portfolio Golden Visa

With long-term rental condition

The 2026–2035 National Housing Strategy proposes a separate Golden Visa category where multiple apartments are purchased as a single portfolio and all are rented out long-term. The threshold, rental duration, and conditions have not yet been drafted; market sentiment suggests it will be an option for the €400,000 / €800,000 tiers where the single-property rule applies — this is a proposal, not law.

Portfolio Golden Visa model
Open topic

€250,000 route

Conversion category

The €€250,000 tier is currently in effect and applies only to properties converted into residential units through a change of use. The sector is requesting an exemption from the new title deed tax for this category — the rationale being that these investments do not withdraw housing from the market, but rather create new stock. No decision has been made yet.

How the €250,000 route works
Registration

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Circles indicate neighborhoods, not specific buildings. We do not publish the exact addresses of properties; we provide the location via neighborhood circles. The apartment-based list and exact location are revealed during our meeting along with your file.

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