BUYING PROPERTY IN Greece
Buying a new home in this sun-soaked Mediterranean country might not be as hard as you think. Here's how to navigate the market and find the property you're dreaming of!
Greece is a striking destination for holidaymakers and home buyers alike. With its remarkably long coastline, amazing climate and one of the most delicious cuisines in the world, settling in Greece could be just the change of pace you've been looking for! However, deciding whether Greece is the perfect match will depend on a few factors that we'll cover below. We'll go through the reasons for moving, the legal process, and equip you with the skills to find exactly the right home for your lifestyle.
What are the perks of living in Greece?
There's a little slice of paradise in Greece for any home buyer. You can find apartments with sweeping views of the sea, or quiet countryside properties where your money will take you further. The country boasts a high number of World Heritage sites; at the same time, there are lots of small islands with walking trails that will blow you away. However, with so much charm comes the swarms of tourists that flock to Greece every year, meaning that in popular areas you'll find prices much higher. But even with that consideration, living in Greece is generally very affordable, especially if you watch where you shop!
Greece is a remarkably safe country, where you won't feel uncomfortable walking around any time of day or night as you explore your new neighborhood. You'll find everything from soaring mountains to modern, thriving cities, and everything in between. The long list of stunning places to visit will mean you never stop finding new treasures – you can even try your hand at snorkeling and windsurfing! With Greece's miles of coastline and beautifully transparent waters, the vast beauty of the country won't cease to amaze you. While Greece is undoubtedly a tourist magnet, most of the tourism gravitates to the same areas, so rely on your RE/MAX Agent to help you discover secluded spots away from the crowds.
Another major perk of living in the charmingly livable country is its Golden Visa scheme. By spending more than €250,000 on a property you will be granted a five-year residency permit. You and your immediate family will legally be able to live and work in Greece, although you can also choose not to live there full-time – you can even rent out the property!
Avoiding any property pitfalls
Luckily for EU citizens, there are almost no restrictions on buying property. Non-EU residents will need to apply to the Ministry of National Defense, which means proving their connections to the country and their intentions for property use. They will also need to prove their income and show that they have substantial funds available, together with a letter of employment and a handful of other documents.
The Greek property market, like most, has its own pitfalls to watch out for. Many properties in Greece are historic, so it's worth checking the age and condition of the property before you stumble across unexpected renovations. By organizing an inspection you can get an idea of any maintenance that will need to take place. Your RE/MAX Agent will guide you through the process – not just showing you the right homes but helping you avoid traps. They know the ins and outs of the property market, making sure you land on your feet with a property that has exactly what you're looking for!
Be sure to take reasonable steps as you begin your search, such as not sending a deposit before meeting the seller or seeing the property. Once you know your paperwork is in order, you will need to open an account at a Greek bank and apply for your unique tax number. It is also important to hire a lawyer to do a legal inspection of the property. A notary will oversee the sale, and then it's time to pay the deposit. The keys will soon be in your hands!
Where to buy
With so many destinations to choose from, where will you move? From the ancient ruins of Athens to the party nightlife of Mykonos, Greece is full of properties to match every lifestyle. A large percentage of the population lives in the capital of Athens, and it's easy to see why! The past and the present mingle with one another like nowhere else. It offers all the modern amenities you would expect from a large European capital, as well as lively cafes and a cheerful nighttime atmosphere that brings the streets to life. Green spaces hum with activity as people congregate to share a casual drink and watch the sunset. For the Greek people, it's worth taking things slow to enjoy these magic moments!
Another major city to take into consideration is Thessaloniki. Situated right by the ocean, it also has remarkable historic and cultural significance. This is contrasted with a modern waterfront where you can enjoy a bike ride in the salty air or sit with a cocktail at a live-music bar. It is also considered the country's gastronomical capital, which is hard to believe when the entire Greek cuisine is so good!
Each of Greece's many islands has its own culture and traditions, as well as level of tourism and amenities. Rhodes has some of the longest summers, and its cobblestone streets are packed with charm. There are regular ferries and flights to the mainland, so you can enjoy a traditional Greek paradise without sacrificing a well-connected way of life. Corfu has rugged scenery to get any hiker excited, while Mykonos has a nightlife that attracts some of the most famous DJs in the world. The island of Santorini is known for its volcanic craters and untouched beaches; its high prices might be worth it just to see natural wonders like this every day.
Your RE/MAX Agent will help you organize viewing trips to multiple locations until you find a place that fulfills your expectations – not a bad way to spend your time!
Now that you've checked the paperwork and settled on the ideal place to live, the final step is to imagine yourself eating fresh produce from your local farmers market on your way to a white-sand beach! The easy-going, friendly Greek atmosphere will make you feel at home in no time, and the traditional tavernas on winding streets are the perfect place to meet your new neighbors. Your RE/MAX Agent will be by your side throughout the whole process, so will never feel alone in your search. After the sale, they'll help you settle in – and in no time you'll be living just like a local!
Please Note: While RE/MAX Europe has compiled the information on this page diligently and to the best of its knowledge, RE/MAX Europe does not assume any liability for the accuracy of the information or for any damages resulting from the use of the information.