Greece Real Estate
Market Overview
Greece has re-emerged as one of the most attractive real estate markets in Europe, supported by strong tourism demand, increasing foreign investment, and a stable recovery phase.
The market offers access to residency through property investment, making it a strategic option for both lifestyle and long-term planning.
Why Greece
- Access to European residency through real estate
- Strong tourism sector supporting rental demand
- Competitive entry compared to other EU markets
- Ongoing price growth in key citie
Investment Snapshot
Minimum Investment
From 250,000 EUR
Holding Requirement
Property ownership must be maintained to retain residency status
Ownership Structure
Sole or shared ownership options available
Rental Potential
Residential: approx. 2.5–4.5%
Commercial: approx. 5–7%
Acquisition Framework
Property acquisition typically involves:
- Obtaining a tax identification number
- Legal and technical due diligence
- Execution of the purchase agreement before a notary
- Registration with the land registry
Transactions can be completed either directly or through legal representation.
Key Locations
Athens
Strong demand for both short-term and long-term rentals, with consistent price growth
Tourist Destinations
High seasonal demand with potential for short-term rental income
Costs & Fees
In addition to the property value, buyers should consider:
- Transfer tax: approx. 3%
- Notary and legal fees: approx. 1.5–2%
- Land registry fees: approx. 0.5–0.7%
- Agency fees (where applicable): approx. 2%
Additional costs may apply depending on the transaction.
Ownership & Regulatory Notes
Property acquisition is generally open to foreign investors.
Restrictions may apply in specific border regions, where approval from relevant authorities may be required depending on the location and intended use.
Income & Tax Considerations
Rental income is subject to progressive taxation based on annual earnings.
Property ownership also includes annual charges, such as real estate tax (ENFIA), calculated based on property size, location, and characteristics.
Investment Perspective
The Greek market offers a balance between:
- Lifestyle-driven investments
- Income-generating assets
- Long-term capital appreciation
Performance depends on location, asset type, and rental strategy.
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