For many international buyers, owning a home in Greece is more than just purchasing real estate abroad. It’s about creating a sanctuary for family vacations, investing in a stable European market, or generating income through holiday rentals. With diverse property options — from luxury villas with infinity pools to charming stone houses in quiet villages — Greece has something to match every taste and budget.

However, buying property in another country comes with challenges: navigating legal requirements, understanding the buying process, and ensuring your investment is secure. This guide walks you through everything step by step, so you can move forward with confidence in your homes for sale Greece search.

Why Greece?

Greece has always been a favorite destination for travelers and second-home buyers. In recent years, it has also become one of Europe’s most attractive real estate markets, thanks to its lifestyle benefits, affordability, and investment opportunities.

Lifestyle and Climate

With over 250 days of sunshine each year, Greece is ideal for outdoor living. The country’s diverse landscapes range from golden beaches and turquoise seas to olive groves, vineyards, and even snow-capped mountains. Whether you enjoy the lively nightlife of Mykonos, the cultural depth of Athens, or the tranquility of a traditional village, Greece offers a lifestyle that is both vibrant and relaxing.

Affordability and Cost of Living

Compared to many Western European countries, Greece remains surprisingly affordable. Everyday expenses such as groceries, dining out, and utilities are often lower, making long-term living sustainable. Property prices are also competitive, especially outside the most popular tourist destinations. This attracts retirees, digital nomads, and families seeking a higher quality of life at a reasonable cost.

Investment Potential

Tourism drives Greece’s economy, bringing millions of visitors every year. This creates strong demand for short-term rentals, particularly in destinations like Santorini, Crete, and Corfu. Buyers who choose well-located properties can achieve attractive rental yields and benefit from potential capital appreciation as up-and-coming regions grow in popularity.

Golden Visa Program

Greece’s Golden Visa program remains a key draw for non-EU investors. This residency-by-investment option grants long-term residency to property buyers and their families, along with visa-free travel throughout the Schengen Area.
In 2024, investment thresholds were raised, especially in prime locations like Athens and Thessaloniki. Even with the higher entry point, the program is still one of the most appealing in Europe for combining real estate ownership with residency rights.

In short, Greece offers a unique mix of lifestyle, affordability, and solid investment opportunities, making it a compelling choice for buyers worldwide.

Popular Regions & Property Types

Choosing the right location is crucial and depends on whether you’re buying a holiday retreat, a rental property, or a permanent residence. Here are some of the most popular regions:

Cyclades Islands – Mykonos, Paros, Santorini

Known for their iconic whitewashed houses and dramatic sunsets, the Cyclades are home to Greece’s most exclusive islands.

• Mykonos and Santorini attract luxury buyers with premium villas and high rental returns.
  
• Paros and Naxos offer similar charm at slightly more affordable prices, with a slower pace of life.

These islands are ideal for luxury living and holiday rental income, though prices are among the highest in Greece.

Crete – Variety and Value

Greece’s largest island offers diverse property choices:

• Cities like Heraklion and Chania feature modern apartments perfect for year-round living.
  
• Rural villages have traditional stone houses surrounded by olive groves and mountains.

Crete’s long tourist season and affordable prices make it a favorite for both lifestyle and investment.

Peloponnese & Mainland Greece – Hidden Gems

For a more authentic Greek experience, the Peloponnese and mainland towns like Nafplio or Kalamata are excellent options.

• Coastal towns offer beach access without island-level prices.
  
• Inland areas are ideal for vineyards, olive farms, or renovation projects.

These regions are gaining attention for their tranquility and value.

Ionian Islands – Corfu, Lefkada, Zakynthos

The Ionian Islands are green and lush, with Venetian architecture and rich cultural heritage.

• Corfu is popular among European vacation-home buyers.
  
• Lefkada offers easy mainland access and stunning beaches.
  
• Zakynthos is known for its breathtaking cliffs and strong rental market.

Prices vary depending on location and proximity to tourist hotspots.

Athens & Thessaloniki – City Investment Hubs

Urban buyers will find strong rental demand in Greece’s two largest cities:

• Athens has a thriving short-term rental market and areas like Koukaki that are especially sought after.
  
• Thessaloniki offers lower entry prices and a stable long-term rental market, particularly appealing to Golden Visa investors.

Step-by-Step Buying Process

Buying property in Greece is straightforward if you understand the process and work with experienced professionals.

1. Hire an Independent Lawyer – Your lawyer will handle due diligence, verify ownership, and protect your interests.
   
2. Get a Greek Tax Number (AFM) – Required for property transactions and taxes.
   
3. Open a Greek Bank Account – Simplifies payments for purchase and ongoing expenses.
   
4. Find a Property and Make an Offer – Use trusted agents or reputable online platforms.
   
5. Sign a Preliminary Agreement & Pay Deposit – Typically 10% of the purchase price.
   
6. Conduct Full Due Diligence – Legal and technical checks before finalizing the deal.
   
7. Sign the Final Contract Before a Notary – Pay the balance and official fees.
   
8. Register Ownership at the Land Registry – Final step to secure your legal title.

Financial Considerations: Costs to Expect

Beyond the purchase price, budget for 8–10% extra to cover fees and taxes:

• Property Transfer Tax: 3%–3.09% for resale properties.
  
• VAT on New Builds: 24%, often included in the listed price.
  
• Notary Fees: 1%–2% + VAT.
  
• Lawyer Fees: 1%–2% + VAT.
  
• Land Registry Fees: 0.5%–0.7%.
  
• Agent Commission: 2%–4% (confirm who pays this).
  
• Additional Costs: energy certificate (~€500), surveys, minor administrative fees.

Legal Aspects for Foreign Buyers EU Citizens

EU nationals can buy property anywhere in Greece without restrictions.

Non-EU Citizens

Non-EU buyers can also purchase freely, though in some border regions they may need additional permits. Your lawyer will manage this process.

Golden Visa Program – 2024 Updates

The program grants a 5-year renewable residence permit and visa-free travel within the Schengen Area.

Final Advice

Buying a home in Greece is both a lifestyle choice and an investment opportunity.

• The islands offer prestige and high rental yields.
  
• Crete provides diversity and value.
  
• Peloponnese and mainland towns offer hidden gems for lower prices.
  
• Athens and Thessaloniki are perfect for year-round rental income.

Tips for success:

• Always hire an independent lawyer.
  
• Budget at least 8–10% extra for taxes and fees.
  
• Verify eligibility for the Golden Visa before buying.
  
• Choose a location with both personal and investment potential.

With thoughtful planning and professional guidance, buying property in Greece can be a smooth and rewarding experience. Your Greek home can be more than an investment — it can be the start of a new chapter filled with beauty, history, and opportunity.