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Property for Sale in Greece: Should you buy property in Greece?
Mar 06 - 2025
With its breathtaking landscapes, deep-rooted history, and welcoming Mediterranean climate, Greece offers more than just a scenic retreat; it presents a compelling real estate investment opportunity. Whether you are looking for a holiday home, a lucrative rental property, or a gateway to European residency, the Greek property market has plenty to offer.
Current Market Trends
The Greek real estate sector is experiencing steady growth. Apartment prices (in nominal terms) increased in the second quarter of 2024 by 9.2% on an annual basis and expectations in residential property prices for the coming period remain positive.
Economic indicators also suggest a stable and promising investment climate:
- The European Commission forecasts a 2.3% GDP growth for 2025, exceeding the EU average of 0.9%.
- Moody’s projects consistent economic expansion until 2033, with Greece’s Recovery and Resilience Fund contributing 0.4 percentage points to annual growth until 2030.
- JP Morgan has upgraded Greece’s investment outlook to “outperform,” emphasizing its higher-than-Eurozone growth and strengthened banking system.
With these positive economic trends and ongoing investor-friendly reforms, Greece stands out as an attractive real estate investment hub, offering both short-term profitability and long-term capital appreciation.
Benefits of Investing in Greek Real Estate
- Access to European Residency
Through Greece’s Golden Visa program, non-EU investors can obtain European residency by purchasing qualifying real estate. This program boasts one of the most competitive thresholds in Europe starting from €250,000, making it an appealing option for those looking for increased global mobility and access to the European market.
- Affordable Living & High Quality of Life
Compared to other European destinations, Greece offers an exceptionally affordable cost of living, from housing and dining to healthcare and leisure activities. A modern lifestyle, vibrant culture, and stunning natural surroundings make it an ideal place to own property.
- Strong ROI Potential
The growing demand for real estate, coupled with increasing property values, ensures an attractive return on investment.
- Top travel destination
Boasting over 16,000 km of coastline and more than 3,000 hours of sunshine per year, Greece remains a top global travel destination. Its warm Mediterranean climate and picturesque landscapes add even more value to property ownership.
- Expat-Friendly Environment
Greece has a strong and growing community of international buyers. English is widely spoken in key cities and tourist areas, and the country's warm hospitality makes settling in easier.
Key Factors to Consider Before Buying Property in Greece
Key Factors to Consider Before Buying Property in Greece
- Prime Location: Coastal areas and city centers, tend to hold the highest investment potential.
- Property Age & Condition: Whether purchasing a new development or a renovated one, assessing structural integrity and modern amenities is crucial.
- Legal Due Diligence: Consulting a local lawyer to ensure all paperwork, title deeds, and zoning regulations are in order is crucial.
- Budget & Hidden Costs: Beyond the property purchase price, buyers should account for taxes, notary fees, and maintenance costs.
Find a Trusted Partner for a Seamless Experience
Navigating the Greek property market is much easier with a trusted local expert by your side. A professional partner who has experience working with international buyers can offer in-depth knowledge of the market and assistance with legal and bureaucratic processes.
With rising property values, investor-friendly policies, and an unmatched Mediterranean lifestyle, Greece remains one of the most exciting real estate markets in Europe. However, thorough research and expert guidance are key to securing the best investment. At MIBS Group we provide comprehensive services across the real estate spectrum making sure our clients feel reassured throughout their investment journey.