Real estate in Greece. Greek property prices
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 property for sale in Greece have dropped over recent years. House 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 meter of properties 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 five-year permanent residence permit that can be further renewed.