Overview of Patras as a Tourist and University Hub Patras, the third-largest city in Greece, is a vibrant cultural and economic center. One of the key factors that sets Patras apart is its identity as a "student city," thanks to its large university – The University of Patras, one of the largest and most prestigious institutions in Greece. The university attracts students not only from Greece but also from other countries in Europe and beyond, thanks to several advantages:

International Programs and Collaborations The University of Patras offers a wide range of international programs, including joint degrees with other universities and English-taught degree programs. It also participates in the Erasmus+ program, allowing students from across Europe to study in Patras for a semester or academic year. The numerous collaborations with universities across Europe and the world make the university a popular destination for international students and academic scholars.

Research Excellence The University of Patras excels in fields like engineering, medicine, and natural sciences, attracting postgraduate students and researchers from other countries. Its research centers, such as the Research and Academic Computer Technology Institute (RACTI), are recognized at the European level. The university’s involvement in European-funded research projects further increases its presence in the international academic arena.

Cultural and Economic Appeal Greece’s position as a Mediterranean country, combined with a relatively affordable cost of living, makes Patras an attractive destination for students from neighboring European countries. The city offers a rich cultural life, significant historical sites, and a pleasant lifestyle with all the modern amenities young people need.

EU and Non-EU Students While a large portion of students at the University of Patras come from Greece, there is a growing number of students from EU countries, mainly through exchange programs like  Erasmus+.  Additionally, students from non-EU countries, particularly from the Balkans, the Middle East, and Asia, also choose to study at the university.

Support for International Students The university offers extensive support services for international students, including dedicated offices to assist with integration, language learning, and administrative processes. Patras also provides a welcoming community with international student associations that foster cross-cultural  relationships. With its academic excellence, international collaborations, and a supportive environment, the University of Patras continues to attract both Greek and international tudents, contributing to the city’s dynamic growth as a key university hub.

Description of the Location and Apartments The apartments are located on Korinthos Street, one of the most central and sought-after areas in Patras. This location is adjacent to the main pedestrian zone, which is filled with shops, bars, restaurants, and cafés – the heart of Patras’ nightlife and entertainment scene. The proximity to Patras’ cultural and entertainment centers, as well as the University of Patras, makes these apartments highly desirable, especially for students and young professionals.

Complete Renovation and New Facilities Both apartments have undergone a complete renovation, including reconfiguration of spaces, new electrical and plumbing  systems, new kitchens, new bathrooms, and new flooring. All installations are brand new and have never been used.
 
The apartments are equipped with Two air conditioners in each apartment.Hot water boiler. New, fully equipped kitchen with a gas stove, oven, and refrigerator. Double-glazed windows for noise reduction, with electric blinds.

Apartment Descriptions
First apartment: 48 sqm, includes one bedroom, an open-plan living room and kitchen, and one bathroom.
Second apartment: 54 sqm, includes one bedroom, an open-plan living room and kitchen, and one bathroom.

The apartments are listed for sale at €150,000 each, and are located on the second floor of a residential building on Korinthos Street. Each apartment has
separate water and electricity meters and a separate identity in the land registry.  They can be sold separately or together with a 5% discount on the combined purchase price.

Investment Return Forecast The apartments are suitable for long-term rentals, particularly for students studying at the University of Patras. The expected monthly rental income for each apartment ranges from €650 to €750.
 
Potential Income
Based on an average of €700 per month
First apartment: €700 * 12 months = €8,400 per year
Second apartment: €700 * 12 months = €8,400 per year

Return on investment for One Apartment Given the estimated annual income of €8,400 and the purchase price of €150,000 for one apartment, the annual return on investment (ROI) for one apartment is approximately 6%. This represents a stable investment in the real estate market in central Patras, with consistent demand from the growing student population.