Koroni

KORONI · MESSINIA · GREECE

Two rental units. One historic asset.

A 101 sqm two-storey home in the heart of Koroni, split into two independent short-term rentals. City-approved plans. Renovation-ready.

€150,000
Purchase Price
€1,485/m²
Price per m²
16%
Net Annual Yield
~6 yrs
Payback Period
Master bedroom with platform bed and brass sconces

01 · THE OPPORTUNITY

Koroni is the next Mediterranean asset class.

While Athens and the islands have become saturated and overpriced, the Messinian coast remains accessible. Costa Navarino's billion-euro luxury development next door, an expanding international airport at Kalamata, and a growing Italian-buyer migration have made this stretch of coastline one of Europe's fastest-appreciating second-home markets — without the noise of Mykonos or the saturation of the Cyclades.

+15% YoY
Short-term rental demand, Peloponnese
Hellenic Statistical Authority, 2024-2025
85-95%
Peak season occupancy, Messinia coast
AirDNA Market Data, Peloponnese 2024
+22%
Annual visitor growth, Kalamata Airport (KLX)
Fraport Greece passenger traffic data, 2024
€1B+
Costa Navarino expansion investment (2020-2027)
TEMES S.A. public filings

All figures sourced from public records. Verify current incentives with legal counsel before committing capital.

02 · THE INVESTMENT CASE

Your projected returns.

Built on conservative assumptions for two independent rental units. Adjust the inputs to model your own scenario.

200/night

Both units rent at similar rates. Top floor with terrace typically commands a small premium.

€120€350
70%
40%95%
GROSS ANNUAL REVENUE 50,400
LESS MGMT FEE −€10,080
LESS EXPENSES −€6,000
LESS DEBT SERVICE −€0
NET ANNUAL PROFIT 34,320
NET YIELD 17.2%
PAYBACK PERIOD 5.8 years

Conservative projection across two rental units. Excludes property appreciation (Messinia estimated at 3-5% annually). Excludes Greek income tax — consult your advisor.

03 · COMPARABLE LISTINGS

What renovated Koroni properties charge in peak season.

Live data from short-term rental platforms. Verified May 2026.

PROPERTY BEDS PEAK NIGHTLY RATE OCCUPANCY SOURCE
Villa Mariana, Koroni 2 €250 – €310 ~88% Booking
Harbour Stone House, Koroni 2 €280 – €340 ~90% Airbnb
Castle View Residence, Koroni 2 €270 – €330 ~87% VRBO
Venetian House, Koroni 2 €260 – €320 ~85% Airbnb
Sea Terrace Apartment, Koroni 2 €290 – €350 ~92% Booking

Peak season rates (July-August). All comparables are renovated 2BR properties within 500m of Koroni village center. Pricing publicly available on respective platforms.

04 · THE ASSET

101 sqm. Two storeys. Sea view from the village square.

SURFACE
101 sqm
LAYOUT
2 storeys · 2 independent rental units
BEDROOMS
2
BATHROOMS
1 full · 1 WC
LOCATION
Heart of Koroni, Messinia
STATUS
Renovation-ready · City-approved plans

05 · APPROVED BY THE CITY

The hardest part is already done.

Architect-stamped plans, urban planning office approval, full 3D visualizations. We also handle the build-out and ongoing management — one local team, end to end. No permitting risk, no design iterations, no remote-management headaches.

01 → ACQUISITION
€150,000
Purchase the asset
Notary, lawyer, clean title. ~4 weeks.
02 → BUILD-OUT
€45,000
Our construction team executes the plans
Local one-stop crew. Architect-supervised. ~6 months.
03 → OPERATION
€50,400
Year-one gross revenue
Both units AMA-registered. Full-service management available. Listed on Airbnb, Booking, VRBO.

What €45,000 unlocks. Architect-approved by the Municipality of Pylos-Nestor.

Ground floor 2D architect plan

GROUND FLOOR · 0.00

First floor 2D architect plan

FIRST FLOOR · 3.54

3D ground floor cutaway

GROUND FLOOR · 3D PROJECTION

3D first floor cutaway

FIRST FLOOR · 3D PROJECTION

06 · COST BREAKDOWN

Full transparency.

LINE ITEM
COST
Purchase price
€150,000
Renovation (architect plans)
€45,000
Notary + legal fees (est.)
€2,500
AMA registration + setup (both units)
€1,500
TOTAL TURNKEY INVESTMENT
€199,000

ESTIMATED MARKET VALUE POST-RENOVATION

€280,000 – €320,000

Based on comparable renovated 2BR Koroni properties (May 2026).

INSTANT EQUITY (DAY ONE)

€81,000 – €121,000

Value created above your total investment.

07 · REQUEST THE FULL BRIEF

Receive the investment dossier.

Detailed financials, comparable rentals analysis, legal checklist, and renovation timeline. Sent within 24 hours.

INTERNATIONAL

+30 690 750 4466

EN · DE · NL · FR · AR. Available 9:00 – 20:00 EET, Mon – Sat.

ΕΛΛΗΝΙΚΑ

+30 694 319 6248

Διαθέσιμοι 9:00 – 20:00, Δευτέρα – Σάββατο.

Your information is shared only with the property representative. No marketing emails.

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