Flat in Loutraki, Greece, 27 m²

Panagias is a new club house in the resort town of Loutraki, Greece.

A small residential project with only 7 apartments is located in the urban part of Loutraki, within walking distance from the sea, shops, restaurants, thermal springs, casinos, schools and everyday infrastructure.

Distances:

• 550–650 meters to the sea and embankment;
• 100 meters to the central city temple;
• about 10 minutes walk to the main infrastructure;
• about 80 km to Athens;
• about 110 km to Athens International Airport.

The house offers apartments ranging from 27.5 to 107.5 m²: from a compact studio to a family apartment with three bedrooms.

Available options:

• Studio G2: 27.5 m², 3rd floor - €96,250
• Apartment A2/B2: 43.67 m², one bedroom, 1st–2nd floor - €148,500
• Apartment A1/B1: 63.82 m², two bedrooms, 1st–2nd floor - €217,000
• Apartment G1: 80 m², two bedrooms and two bathrooms, 3rd floor - €280,000
• Apartment D1: 107.5 m², three bedrooms, 4th floor - €392,500

The price of each apartment includes an individual parking space and a storage room.

Project characteristics:

• total 7 apartments;
• elevator;
• fenced area;
• greened common areas;
• backyard with lawn;
• barbecue area;
• private parking;
• separate storage rooms;
• balconies;
• light clean finish;
• floor heating system;
• energy efficiency class A.

The apartments are delivered fully finished. The standard package includes:

• floor tiles;
• plastered and painted walls and ceilings;
• fully equipped bathroom;
• toilet, sink, faucets;
• shower cabin or bathtub;
• kitchen set;
• installed sockets and terminals for lighting.

Furniture and household appliances are not included in the stated price.

Loutraki is a year-round resort on the shores of the Gulf of Corinth, famous for the sea, thermal springs, casinos, restaurants and proximity to Athens. The location is suitable for personal residence, family vacation, long-term or short-term rental.

On Airbnb there are about 290 accommodation properties in Loutraki, of which about 200 are apartments. The average rating of facilities in the city is 4.8 out of 5, which confirms the stable tourist demand.
Potential gross profitability for professional short-term rentals is up to 7–8% per annum. The actual result depends on the chosen apartment, furnishings, seasonality, cost of living, occupancy and management costs.

Payment terms:

• 60% - upon conclusion of the transaction;
• 20% - after complete completion of the apartment and its readiness for transfer;
• 20% - installment plan after receiving the keys on agreed terms.

If full payment is made, the possibility of a discount is discussed individually.

The purchase is accompanied by a Russian-speaking specialist, lawyer and notary. Support includes choosing and reserving an apartment, preparing a tax number and documents, a notary transaction and registration of property rights.

The project has an official construction permit valid until March 2028. The energy model of the building is made according to Greek and European standards, the declared energy efficiency class is A.