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Area value

Property value in Nea Michaniona

Updated July 2026 · 12 months of market data

Over the last 12 months, the estimated value in Nea Michaniona is around €1,300–€1,500 per square metre, with a softening direction, while rents run around €6.0–€7.0 per m² a month. The range is deliberately area-level; the precise value depends on floor, condition, and street.

Estimated value

€1,300–€1,500 /m²

Rent

€6.0–€7.0 /m²·mo

Gross yield

~5.5%

Direction

softening

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Estimated value

€1,400–€1,550 /m²

Rent potential

€6.0–€7.0 /m²·mo

Gross yield ~5.5%

Property type

Floor

Condition

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Indicative, area-level estimate — not a certified appraisal.

Area → municipality

Nea Michaniona€1,300–€1,500 /m²
Thermaikos Municipality€1,400–€1,600 /m²

Frequently asked

What is property worth in Nea Michaniona?
The estimated value in Nea Michaniona is around €1,300–€1,500 per square metre, based on recorded transactions and current asking prices over the last 12 months.
How much rent can a property in Nea Michaniona achieve?
Rents in Nea Michaniona run around €6.0–€7.0 per square metre a month, an indicative gross yield of about ~5.5%.
How is property valued in Nea Michaniona?
Axias combines recorded transactions, local asking prices, and the property's specifics — floor, condition, and size — into a defensible value range.

Figures are indicative, at area level, and intended to support decisions. They are not a certified appraisal.

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Property value in Nea Michaniona — prices and rents | Axias