Apartment 2 bed 81 sqm with pool & sea view - Ierapetra - Center
€195,000
Description
Brand new apartment of 81 sqm in Ierapetra - Center, Ierapetra, recently completed or under construction. Features 2 bedrooms, 1 bathroom, located on the 3rd floor with elevator access. Key highlights: just 10m from the sea, sea views, swimming pool. Modern construction with quality materials at €2407/sqm. Ideal short-term rental configuration with pool and sea views, the two most sought-after features by holidaymakers.
Features
Rental estimate
Estimated nightly rate
68 - 0 €
Estimated occupancy rate
0%
Estimated annual revenue
12,410 - 0 €
Estimated gross yield
Net after expenses & taxes: 4.6%*
Estimate based on 145 Airbnb comparables in the Ierapetra area (2±1 bedrooms). Adjusted median rate: €114/night. Conservative 50% occupancy (Lassithi). Net yield deducts: ~20% property management, ENFIA, maintenance, insurance, Greek income tax.
* Gross yield = annual rental income ÷ purchase price. Net yield deducts running costs (maintenance, insurance, ENFIA) and Greek income tax on rental revenue. Estimates based on local market data — results not guaranteed.
The Kairos take
Our unfiltered, on-the-ground analysis
Ten metres from the sea in central Ierapetra is rare for a new build at this price point. At EUR 2,407/sqm, the property sits 20% above the local average, but the location justifies the premium: this is an urban seafront with shops and restaurants on foot. The 2-bedroom layout with shared pool and elevator targets couples and small groups well during the season. Key consideration: at this price per sqm, local Airbnb comparables (median ADR ~EUR 114/night) cap the gross yield around 7%. The new-build co-ownership also means shared charges that should be verified before making an offer.
Apartment 2 bed 81 sqm with pool & sea view - Ierapetra - Center
€195,000
2
bedrooms
1
bathroom
81
sqm