How it works · Thessaloniki

From your first conversation to a managed property.

Wiser finds and prepares rental apartments and coordinates your purchase. You can then choose our letting and management services. You make the decisions, and our team coordinates the work in Thessaloniki.

Before you invest

The work starts long before you join.

Wiser sources and develops each opportunity first. By the time we show you a property, the location, the plan and the numbers have already been worked through — you decide on a concrete case, not an idea.

01
Location and rental demand

Specific streets and buildings: who rents there, at what price, and how steady that demand is.

02
Improvement plan

What the building needs to become a good long-term rental — layout, systems, finishes — and what it costs.

03
Investment case

Purchase price, works, furnishing, taxes and fees against realistic rent, set out in one document.

Pesia — exterior architectural rendering
Pesia, Neapoli · architectural rendering
Your journey

Five steps.
One team throughout.

What Wiser does and what you do at each stage. Review the payment, deposit and cancellation terms before making a commitment.

Panos and Uri, founders of Wiser
Uri and Panagiotis · Thessaloniki
01

Let’s talk

No commitment
Wiser

We discuss your goals and budget. Renovated apartment prices start at €85,000, with purchase-related costs paid separately. Furniture, appliances and air conditioning units are optional extras. We explain how Wiser works and which apartments in our projects may suit you.

You

Tell us what you are looking for and ask anything. A call or a WhatsApp conversation is enough to start.

Pesia — architectural rendering
Pesia · apartment plan
02

Review the opportunity

Take the time you need
Wiser

You receive the full case for the property: the building, total costs including taxes and fees, rental assumptions and the risks as we see them.

You

Read it, question it, involve your own advisers. We answer until it is clear.

Illustration of purchase paperwork and apartment keys on a table
Purchase coordination · Illustration
03

Purchase

Review the purchase terms
Wiser

Wiser coordinates the process with independent professionals — lawyer, notary, engineer — and keeps you informed at each stage. The property is registered in your name.

You

Appoint your lawyer, sign and transfer funds. Most investors do this without travelling to Greece.

Pesia — living room, architectural rendering
Pesia · Rendering with optional furnishing at an additional cost
04

Prepare for tenants

Timing varies by project
Wiser

We coordinate renovation and rental preparation according to the apartment’s stage and your agreement. Furniture, appliances and air conditioning units are available through Wiser as optional extras. Some apartments are complete at purchase; others are still under renovation. Each project page shows its current stage.

You

Choose whether to purchase furnishing and equipment through Wiser at an additional cost or arrange them yourself. During renovation, you receive progress updates and photos.

Illustration of a property manager seen from behind speaking with a tenant, based on the Miaouli 19 design
Miaouli 19 · Management illustration
05

Lease and manage

According to the management agreement
Wiser

If you choose management, we market the apartment and search for a suitable long-term tenant. Once it is let, we handle rent collection, tenant contact, maintenance coordination and periodic updates under the management agreement.

You

Once the property is let, you will receive periodic updates on it. The reporting frequency and rent transfer schedule will be set out in the management agreement. The team is also available for questions between updates.

Pesia images are architectural renderings. The purchase and management scenes are illustrative; the management image is based on a Miaouli 19 rendering.

In short

You own the apartment.
You choose the management services.

Wiser coordinates sourcing, planning, the purchase and renovation. You can also choose furnishing and equipment at an additional cost, and tenant-finding and ongoing management under a management agreement. The service scope and costs are presented before you commit.

Questions about the process?
Let's talk.

Tell us what you have in mind. Uri and Panos can walk you through the purchase, renovation and ongoing management, and explain what to expect at each stage.

Questions

What investors ask before they start.

Do I need to visit Greece?

No. The purchase can be completed with a power of attorney to your lawyer, and Wiser is on the ground for everything else. You are welcome to visit at any stage — we will show you the property and the neighbourhood.

The purchase timetable depends on the transaction, documents and checks. Preparation for tenants depends on the project: some apartments are ready at purchase, others are still under renovation. Each project page shows its current stage and expected completion.

The listed price is for the renovated apartment and does not include furniture, appliances or air conditioning units. You can purchase these through Wiser at an additional cost, or choose to furnish and equip the apartment yourself. Purchase taxes, notary fees and legal fees are paid separately. Before you decide, we will provide a breakdown of the apartment price and related costs so you can assess the total investment.

Your contacts are Uri and Panos. During purchase and renovation, we update you at key milestones.

Once the property is let, you will receive periodic updates on it. The reporting frequency and rent transfer schedule will be set out in the management agreement. You can contact the team by WhatsApp or email between updates.

The payment schedule, any deposit required and cancellation terms are agreed individually with each buyer. The details will be set out in the purchase agreement and presented to you before you commit.

A two-year warranty is provided. Its scope and terms will be set out in the purchase agreement.

Property management is optional. For long-term rentals, the management fee is calculated on gross rent: 5% in the first year, 7.5% in the second year and 10% from the third year onwards, with no VAT added to these percentages. The years are counted from the start of the tenancy. The service includes marketing and finding tenants, coordinating the lease, handling day-to-day tenant matters and coordinating maintenance.

The displayed management fees apply to long-term residential rentals. A switch to short-term rentals requires a separate written agreement, signed by both parties, covering the service terms and management fees.

Property insurance is not included in the management fee and is paid separately. For your annual tax return, you can use an accountant we refer you to or choose another accountant in Greece.

Management services are optional. Either party may terminate the management agreement with 60 days’ written notice, in accordance with its terms. Termination does not cancel rights or obligations that arose before the agreement ended.

Panos and the local team handle reported issues and coordinate repairs. In emergencies, tenants contact Panos directly. Tenants are responsible for damage they cause, in accordance with the lease. At the end of the tenancy, the apartment is inspected and security deposits are returned according to its condition and the terms of the lease.