Real estate for sale in Greece
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Residence in Greece when buying property for at least 250,000 €
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You can buy an apartment package and rent them out
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Real estate purchase is carried out completely remotely
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Spouses, children and parents also receive residence permits
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The RP proceedings require at least two visits: the first one for assigning an attorney and the second one for submitting fingerprints.
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FAQ about Greece
How is real estate in Greece?
In recent years, Greece has experienced a challenging economic climate, which has had an impact on the country's real estate market. Property prices have decreased significantly since the financial crisis of 2008, and many homeowners are struggling to pay off their mortgages.
However, there have been signs of recovery in recent years, with property prices starting to stabilize and even rise in certain areas. Overall, the real estate market in Greece can be unpredictable, and it's essential to conduct thorough research and seek professional advice before investing in property.
However, there have been signs of recovery in recent years, with property prices starting to stabilize and even rise in certain areas. Overall, the real estate market in Greece can be unpredictable, and it's essential to conduct thorough research and seek professional advice before investing in property.
How to buy real estate in Greece?
Buying real estate in Greece involves several steps, which I will outline below:
It's important to note that the process of buying real estate in Greece can be complicated, and it's recommended to work with a lawyer and a reputable real estate agent.
- Find a property. You can find properties for sale in Greece through real estate agents, property websites, or by visiting the areas you are interested in and looking for sale signs. It's important to take your time to find the right property that meets your needs and budget.
- Hire a lawyer. In Greece, it's recommended to hire a lawyer who can help you with the legal aspects of the purchase. The lawyer will conduct a title search, review the contract, and ensure that all necessary permits and documents are in order.
- Make an offer. Once you have found a property, you can make an offer to the seller. If the offer is accepted, you will need to sign a preliminary agreement and pay a deposit.
- Obtain a tax number. To buy property in Greece, you will need to obtain a tax number from the local tax office.
- Transfer the funds. You will need to transfer the funds for the purchase of the property to a Greek bank account.
- Sign the final contract. The final contract will be signed in front of a notary public. The notary will verify the identities of the parties involved, review the contract, and register the property in your name.
- Pay the transfer taxes. You will need to pay transfer taxes, which are based on the value of the property and range from 3% to 24%.
- Register the property. The final step is to register the property with the local land registry.
It's important to note that the process of buying real estate in Greece can be complicated, and it's recommended to work with a lawyer and a reputable real estate agent.
How to invest in real estate in Greece?
Investing in real estate in Greece can be a good option for those looking for a stable investment with potential for growth. Here are some steps you can follow to invest in real estate in Greece:
Investing in real estate in Greece can be a profitable venture, but it is important to do your research and seek professional advice to ensure that you make sound investment decisions.
- Conduct research. Before investing in real estate, it is important to do your homework. Research the local market, the type of property you want to invest in, and the legal and tax requirements.
- Find a local real estate agent. A local real estate agent can help you find suitable properties that meet your investment criteria. They can also provide you with valuable insights into the local market.
- Determine your budget. Decide how much you can afford to invest in real estate in Greece. This will help you narrow down your search and avoid overspending.
- Choose the right location. Look for properties in areas that are in high demand and have good potential for growth. Popular tourist destinations, coastal areas, and major cities like Athens and Thessaloniki are good options.
- Consider financing options. If you do not have the funds to purchase a property outright, you can consider financing options such as a mortgage. Make sure you understand the terms and conditions of the loan before you commit.
- Conduct due diligence. Before making an offer on a property, conduct a thorough inspection and review all legal documents, including the property title and any liens or encumbrances.
- Close the deal. Once you have found a suitable property, make an offer and negotiate the terms of the purchase. Work with a lawyer to ensure that all legal requirements are met, and the transfer of ownership is completed.
Investing in real estate in Greece can be a profitable venture, but it is important to do your research and seek professional advice to ensure that you make sound investment decisions.
How to sell real estate in Greece?
To sell real estate in Greece, you can follow the steps below:
Remember that selling real estate can be a complex process, so it is important to work with professionals who can guide you through each step of the process.
- Find a reputable real estate agent or lawyer. Look for a professional who knows the local market and can help you navigate the legal and financial aspects of selling property in Greece.
- Prepare your property. Get your property in good condition and stage it to make it more attractive to potential buyers. You may also want to get a property appraisal to determine the fair market value.
- List your property. Once your property is ready, you can list it with your agent or online real estate portals. You can also advertise in local newspapers or online classifieds.
- Respond to inquiries. Be responsive to inquiries from potential buyers and provide them with all the necessary information about the property.
- Negotiate the sale. When you receive an offer, negotiate the terms of the sale with the buyer. You may want to consult with your agent or lawyer to ensure that you get a fair deal.
- Complete the sale. Once you have agreed on the terms of the sale, you will need to sign a contract and transfer ownership of the property to the buyer. Make sure to comply with all legal requirements for the sale of real estate in Greece.
Remember that selling real estate can be a complex process, so it is important to work with professionals who can guide you through each step of the process.
Is Greece cheap to property?
The cost of property in Greece can vary depending on the location and type of property. Generally speaking, compared to other European countries, Greece is considered to have relatively affordable property prices, especially in more rural areas or smaller cities.
However, in popular tourist destinations and major cities such as Athens and Thessaloniki, property prices can be higher due to high demand. It's also worth noting that the recent economic crisis in Greece has led to a decrease in property values in some areas.
Ultimately, whether or not Greece is cheap for property depends on a variety of factors and can vary greatly depending on the specific location and type of property you are interested in. It's recommended to do thorough research and consult with a local real estate agent before making any decisions about purchasing property in Greece.
However, in popular tourist destinations and major cities such as Athens and Thessaloniki, property prices can be higher due to high demand. It's also worth noting that the recent economic crisis in Greece has led to a decrease in property values in some areas.
Ultimately, whether or not Greece is cheap for property depends on a variety of factors and can vary greatly depending on the specific location and type of property you are interested in. It's recommended to do thorough research and consult with a local real estate agent before making any decisions about purchasing property in Greece.
What are the advantages to getting real estate in Greece?
There are several potential advantages to investing in real estate in Greece:
It's worth noting, however, that like any investment, buying real estate in Greece comes with risks and potential downsides, such as market volatility, currency fluctuations, and the potential for legal and regulatory challenges. As with any major investment decision, it's important to conduct thorough research and seek the advice of qualified professionals before making a purchase.
- Competitive prices. The real estate market in Greece has been affected by the country's economic crisis, resulting in lower property prices compared to many other European countries.
- Attractive locations. Greece has a rich cultural heritage and is known for its beautiful landscapes and beaches, which can make properties in certain locations very attractive to buyers and renters.
- Tourism industry. Greece is a popular tourist destination, which can make owning a rental property a potentially lucrative investment.
- Golden Visa program. Greece offers a "golden visa" program that allows non-EU citizens who invest a certain amount in Greek real estate to obtain residency permits for themselves and their families.
- Potential for capital appreciation. While Greece's economy has struggled in recent years, the country is working to recover, and there may be potential for real estate investments to appreciate in value over time.
It's worth noting, however, that like any investment, buying real estate in Greece comes with risks and potential downsides, such as market volatility, currency fluctuations, and the potential for legal and regulatory challenges. As with any major investment decision, it's important to conduct thorough research and seek the advice of qualified professionals before making a purchase.
Can foreigners buy property in Greece?
Yes, foreigners can buy property in Greece. In fact, Greece actively encourages foreign investment in real estate and has made it relatively easy for foreigners to buy property there.
Foreigners from outside the EU are required to obtain permission from the Greek Ministry of Defense before they can buy property in certain areas of Greece, such as near military bases or border areas. However, this process is generally straightforward and is handled by a notary public.
Foreigners are also required to obtain a Greek tax identification number before they can buy property in Greece. This can be obtained at any tax office in Greece, and the process is usually quick and simple.
It's worth noting that buying property in Greece as a foreigner can sometimes be a complex process, and it's important to seek professional advice before making any significant investments.
Foreigners from outside the EU are required to obtain permission from the Greek Ministry of Defense before they can buy property in certain areas of Greece, such as near military bases or border areas. However, this process is generally straightforward and is handled by a notary public.
Foreigners are also required to obtain a Greek tax identification number before they can buy property in Greece. This can be obtained at any tax office in Greece, and the process is usually quick and simple.
It's worth noting that buying property in Greece as a foreigner can sometimes be a complex process, and it's important to seek professional advice before making any significant investments.
Is Greece cheap to live in?
The cost of living in Greece can vary depending on the region and lifestyle choices. Generally, the cost of living in Greece is lower compared to many other European countries. However, the cost of living in cities like Athens and Thessaloniki may be higher compared to smaller cities or rural areas.
Housing, utilities, and food costs are relatively affordable in Greece. Public transportation is also relatively cheap, although owning a car can be expensive due to high fuel prices and taxes.
Overall, Greece can be a relatively affordable place to live, but it ultimately depends on individual circumstances and lifestyle choices.
Housing, utilities, and food costs are relatively affordable in Greece. Public transportation is also relatively cheap, although owning a car can be expensive due to high fuel prices and taxes.
Overall, Greece can be a relatively affordable place to live, but it ultimately depends on individual circumstances and lifestyle choices.
What is the best Greek island to buy property?
Santorini, Mykonos, Corfu, Rhodes, and Crete are some of the most popular Greek islands for property investment due to their natural beauty, rich history, and tourism potential. However, keep in mind that these islands may also have a higher price tag due to their popularity and demand.
When considering buying property in Greece, it is essential to consult with a local real estate agent or lawyer who is familiar with the specific regulations and legal procedures related to property ownership and investment in Greece. Additionally, it would be helpful to research the current market trends, property values, and any potential risks or challenges that may arise.
When considering buying property in Greece, it is essential to consult with a local real estate agent or lawyer who is familiar with the specific regulations and legal procedures related to property ownership and investment in Greece. Additionally, it would be helpful to research the current market trends, property values, and any potential risks or challenges that may arise.
Which Greek island has the cheapest property?
The cost of property on Greek islands varies widely depending on factors such as location, size, and condition. However, in general, the Greek islands in the Aegean Sea tend to have higher property prices than those in the Ionian Sea.
Some of the Greek islands that are known to have more affordable property prices include:
It's important to note that property prices on any given island can vary significantly depending on the specific location and the condition of the property, so it's always a good idea to do thorough research before making any decisions.
Some of the Greek islands that are known to have more affordable property prices include:
- Lesvos. This is a large island in the eastern Aegean Sea, known for its beautiful beaches and traditional villages. Property prices here are generally lower than on many other Greek islands.
- Chios. Another island in the eastern Aegean, Chios is known for its medieval architecture and stunning scenery. Property prices here are also relatively affordable.
- Kythira. This island is located in the Ionian Sea, and is known for its peaceful atmosphere and unspoiled nature. Property prices here are generally lower than on many other Ionian islands.
- Ikaria. This island is located in the eastern Aegean, and is known for its natural hot springs and relaxed way of life. Property prices here are also relatively affordable.
It's important to note that property prices on any given island can vary significantly depending on the specific location and the condition of the property, so it's always a good idea to do thorough research before making any decisions.
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United Property Expo is a large-scale international exhibition attended by thousands of private investors, leading global developers and brokers. The event provides an opportunity to discuss the issues of buying and renting property abroad, get professional advice on taxes, mortgage, property investment and management.
With a warm climate, beautiful Mediterranean beaches and thousands of islands, it’s no wonder real estate in Greece is so popular: summers are hot and dry here and the sun shines 300 days out of each year. With stunning scenery, vast plains, mountains, endless shores and cozy harbours, the sea is always stone's throw away no matter where you buy Greek property and never more than 150 km.
The prices of real estate in Greece have dropped over recent years. Property prices on Greek islands, even the popular ones, lost 33% on average between 2008 and 2013 while large and luxury properties lost up to 40–50%. A square metre of realty sells for €3,000 in Mykonos and Santorini, €2,500 in Hydra, €2,000 in Paros, €1,600 in Naxos and €1,500 in Serifos.
Buyers who want to obtain permanent residency can apply for any investment over €250,000. This makes investors eligible for a 5-year permanent residence permit that can be further renewed.