The Ultimate Guide to Buying Properties in Greece

Greece, with its crystal-clear waters, historic charm, and sun-drenched islands, has become a dream destination for tourists, digital nomads, and retirees alike. Whether you’re envisioning a tranquil island home, a smart investment, or a Mediterranean retreat to enjoy your retirement, Greece offers countless opportunities. This comprehensive guide will walk you through everything you need to know about buying property in this enchanting country.

Why Buy a Property in Greece?

There are many compelling reasons why purchasing property in Greece is a smart move. Here are just a few:

Climate: Greece enjoys a Mediterranean climate with long, hot summers and mild winters, especially in the southern regions and islands — perfect for sun-seekers.

Lifestyle: Greek life is renowned for its laid-back pace, outdoor living, delicious cuisine, and strong family and community values.

Affordability: Compared to other Western European countries, real estate in Greece can be significantly more affordable, especially in rural areas or on less touristy islands.

Golden Visa Program: Greece offers a residency-by-investment program, where purchasing property worth €250,000 or more can qualify non-EU citizens for a residence permit.

Types of Properties in Greece

From beachfront villas to rustic stone houses in the mountains, Greece offers a wide range of property types:

Apartments: Ideal for city living in Athens, Thessaloniki, or coastal towns — apartments are low-maintenance and often close to amenities.

Villas: Detached houses with gardens and pools, often found on islands or in coastal regions, ideal for luxury seekers or holiday rentals.

Traditional Homes: Especially in villages or historical towns, you’ll find beautifully aged homes made of stone, full of character and charm.

Island Properties: Think whitewashed homes with sea views — Santorini, Mykonos, Crete, and more offer spectacular island properties.

Where to Buy Property in Greece

Greece is geographically diverse, with each region offering something unique. Some of the top regions for property buyers include:

Athens: A dynamic capital blending modernity with ancient history. Great for investors, expats, and those seeking urban life.

Crete: Greece’s largest island offers everything from beautiful beaches to mountain villages. Popular with both tourists and retirees.

Peloponnese: A mainland peninsula full of history, beaches, and affordable traditional homes.

Cyclades (Santorini, Mykonos, Paros): Famous for stunning sea views, whitewashed architecture, and high tourism potential.

Thessaloniki: Greece’s second-largest city with a youthful vibe and a growing real estate market.

Legal Considerations

Buying property in Greece involves specific legal steps and requirements. Here are the most important factors to consider:

AFM Tax Number: All property buyers must obtain a Greek tax number (AFM), even non-residents.

Legal Representation: Hiring a local Greek lawyer is essential. They will perform due diligence, check land registry documents, and represent your interests.

Notary Public: A notary is required by law to draw up the contract and oversee the signing process.

Land Registry & Cadastre: Properties must be registered in the national land registry and the new Hellenic Cadastre.

Restrictions for Non-EU Buyers: In some border regions and islands, non-EU citizens may need special permission to buy property. Your lawyer can advise.

Financing Your Purchase

Property purchases in Greece can be financed through a variety of methods:

Savings or Cash Purchase: Many foreign buyers choose to buy property in cash, especially in the lower price segments.

Mortgages: While Greek banks have become more open to lending, obtaining a mortgage as a non-resident can be more complex than in other countries and may require higher deposits.

Deposit: Typically, you will be required to pay a deposit of 10% upon signing the preliminary contract.

Additional Costs: Expect to budget for an extra 10–15% of the property price to cover taxes, notary fees, legal fees, and registration costs.

Conclusion

Owning property in Greece is more than just an investment — it’s an opportunity to live a life of beauty, culture, and tranquility. With its accessible prices, inviting lifestyle, and legal pathways for residency, Greece remains a top choice for international property buyers. By following the correct procedures and working with trusted local professionals, you can make your Greek dream come true. Begin your journey today and explore the timeless appeal of property ownership in Greece.