
The South Aegean is one of Greece’s 13 administrative regions, occupying only 4% of the country's territory. At the same time, this area accounts for one-fifth of all international arrivals in the country and one-quarter of Greece’s tourism income.

The Bank of Greece has published its statistics for 2017 – the country’s decline in property prices slowed to 1%, which is a 10-year record.

From January 1, 2018, foreign tourists who stay in Greece for more than a day are obliged to pay a “stayover tax”, the amount of which depends on the category of the hotel or apartment they stay in.

In 2015 the number of Greek real estate market transactions increased for the first time after the crisis. Foreign investors account for 20% of buyers.

European countries such as Spain, Portugal and Malta are popular among pensioners though many are unable to afford to retire there. Greece, however, offers a similar quality of life at a lower cost.

The low VAT regime on 27 Greek islands ceased on January 1, 2018. How will this affect

The 2008 financial crisis hit

The relatively low cost of medical services attracts not only European nationals but also tourists from the Middle East, Australia and the United States.

Greece is traditionally considered a beach holiday destination. However, it is hoping to attract tourists to the country all year round.

The Greek government has identified tourism as one


Families planning to move to Greece will have no problem sending their children to school. The country offers free public schools with intensive Greek language programs for foreigners, while international schools offer tuition in English, German or French.

Greece, with its

The office property sector in Athens, being less connected with tourism, has not yet begun to grow. Demand from tenants is growing slowly, but the number of transactions is still small.

Greece is one of the last real estate markets in Europe that is still seeing a capital drought and has not recovered since 2008. Today, property in Greece is several times cheaper than in most of its neighbouring countries.