In recent years, more and more investors are turning their attention to Greece—not just for its sun-soaked beaches and legendary history but also for its booming real estate potential. If you're looking to buy property in Greece, now is a strategic time. With favorable prices, high demand for rentals, and government incentives like the Golden Visa, the opportunity is ripe for both lifestyle seekers and financial investors.

Why Invest in Greece Now?

1. Golden Visa Residency

Non-EU investors can gain residency in Greece by investing as little as €250,000 in real estate. This visa offers access to the entire Schengen zone, making it a powerful motivator for global buyers.

2. Competitive Pricing

Compared to Spain, France, or Italy, Greek property remains remarkably affordable, especially in high-potential areas like Athens, Crete, and the Peloponnese.

3. Tourist-Driven Rental Income

Greece hosts millions of tourists annually, making short-term rentals highly profitable. In cities like Athens or islands like Mykonos, Airbnb-style rentals are often booked solid throughout peak season.

4. Strong Market Growth

The property market in Greece has seen steady recovery and growth since the financial crisis, and forecasts suggest continued appreciation due to foreign demand and tourism infrastructure expansion.

Where to Buy Property in Greece

Each region of Greece offers something different for buyers, depending on your goals.

• Athens

Ideal for those seeking year-round rentals or long-term investment, the capital offers everything from historic apartments in Plaka to modern penthouses with Acropolis views.

• Thessaloniki

Greece’s second-largest city with a strong student and business population. An affordable market with steady rental demand and urban development.

• Crete

Perfect for lifestyle investors, this island combines a relaxed vibe with booming tourism. Offers everything from seaside villas to rustic inland homes.

• Mykonos & Santorini

Luxury investors love these islands. Though prices are higher, so are rental returns during the high season. Ideal for high-net-worth buyers.

• Peloponnese

An emerging market with beautiful scenery, lower prices, and a peaceful lifestyle. Increasingly popular among retirees and remote workers.

Types of Properties Available

The Greek real estate market is surprisingly diverse:

• Apartments – Common in urban areas, suitable for both residents and renters.

• Villas – Often found on the islands or coasts, popular for short-term rentals or holiday homes.

• Land plots – For those interested in building from scratch; subject to zoning rules.

• Commercial spaces – Offices, shops, or hotels for investors targeting the tourism sector.

Steps to Buy Property in Greece

Buying a property in Greece is straightforward, especially with professional support like that offered by Greca House.

1. Get a Greek Tax Number (AFM)
   All foreign buyers must apply for an AFM to proceed with property transactions.

2. Open a Greek Bank Account
   Essential for transferring funds and paying taxes related to the property.

3. Engage a Real Estate Agent
   Work with a trusted agency like Greca House to access verified listings and avoid legal issues.

4. Hire a Lawyer
   Your lawyer will perform due diligence, ensuring the title is clear and legal requirements are met.

5. Reserve the Property
   Typically involves a small deposit to secure the property while contracts are finalized.

6. Sign the Final Contract
   Completed at a notary’s office, with the presence of your lawyer and the seller.

7. Register the Title
   The final step is registering your ownership with the Land Registry.

Legal Considerations for Foreign Buyers

Greece is highly welcoming to foreign property buyers, but certain legal steps must be followed:

• Properties near borders may require Ministry of Defense approval (especially in island regions).

• Non-EU buyers need permission in some areas, which your lawyer can secure.

• All transactions must be documented officially through a public notary.

• Taxes must be paid before title registration.

With legal support and guidance from real estate professionals, these procedures are easy to manage.

Taxes and Fees to Expect

When you buy property in Greece, expect the following costs:

These costs are competitive compared to most European nations and are offset by rental income or appreciation potential.

Financing Options

While most foreign buyers purchase with cash, there are mortgage options available:

• Greek banks offer mortgages for property purchases, especially to EU residents.

• Foreign investors may also access loans in their home countries against overseas assets.

• In some cases, developers offer financing or payment plans.

Investment Strategy Tips

If you want to maximize returns from Greek real estate, consider the following:

• Focus on areas with high tourism demand.

• Choose properties close to airports, beaches, or historical sites.

• Renovated or furnished homes rent faster and at higher prices.

• If you don’t live in Greece, hire a local management company to handle rentals.

Why Choose Greca House?

Greca House is one of the most reputable names in Greek real estate. Whether you’re a first-time buyer or seasoned investor, they provide:

• Verified property listings

• Personalized property tours (in person or virtual)

• Legal and financial advisory

• Golden Visa support

• After-sales services (management, renovation, etc.)

Their multilingual team understands the needs of international clients and ensures a safe, profitable investment journey.

Final Thoughts

Greece is no longer just a vacation destination—it’s a global investment hotspot. If you’ve been thinking about how and where to invest in European real estate, now is the perfect time to buy property in Greece.

The property market in Greece is stable, welcoming, and primed for growth. Whether you're investing for profit, lifestyle, or a mix of both, the opportunities in Greek real estate are too good to ignore.

With Greca House guiding the process, you'll have a trusted partner every step of the way.