LeadingRE's Destination Guide to Greece

A newer location within the Destinations By LeadingRE portfolio, Greece - Where ancient history and stunning natural beauty converge to create a paradise for property seekers and those yearning to embrace the Mediterranean way of life. 

Nestled in the southeastern part of Europe, Greece boasts a rich tapestry of culture, picturesque landscapes, and warm hospitality that beckon to individuals seeking to purchase a property for themselves or as an investment.

While the allure of Greece is undeniable, navigating the intricacies of property purchase and relocation requires informed decision-making. Our comprehensive Destinations Guide aims to equip you with essential information on the property market, cost of living, permanent residency and more!

What Does Greece Have to Offer?

Starting off with the obvious, the Mediterranean climate of Greece is a major draw for property buyers. With mild winters and long, warm summers, residents can enjoy a comfortable and inviting climate throughout the year. This weather is particularly appealing to those seeking a sun-soaked, outdoor-centric lifestyle.

Alongside the weather, buyers are interested in the diverse landscapes that offer a stunning backdrop for any property. From the turquoise waters of the Aegean and Ionian Seas to the majestic mountains and lush valleys, Greece's natural beauty is unmatched. Greece's rich cultural heritage is a significant attraction also.

We will cover this in more detail later in the article but, Greece offers a Golden Visa program that grants residency permits to non-European Union citizens who invest a certain amount in real estate. This program has attracted many foreign buyers seeking to gain residency and access to the Schengen Area. 

Cost of Living in Greece

Greece generally offered a relatively affordable cost of living compared to many other European countries. However, we do have to keep in mind that the cost of living can vary depending on the city or region as well as the choices you and your family make.

Let’s take the popular Agios Nikolaos for example, the cost of produce and transportation as well as utilities can be pretty inexpensive! 

See more information here via Numbeo

Permanent Residency in Greece (PR)

Permanent Residency in Greece allows foreign nationals to live in the country indefinitely, with the right to work, study, and reside long-term. It is an attractive option for individuals or families who want to establish a presence in Greece without becoming Greek citizens.

Greece offers a Golden Visa program that grants residency to non-EU/EEA citizens and their families who invest a minimum amount in Greek real estate €250,000. The Golden Visa allows them to live in Greece and travel freely within the Schengen Area.

Why is this beneficial?

The Golden Visa program extends to the immediate family members of the main applicant, including spouses and dependent children under the age of 21. This means the whole family can benefit from a residency in Greece. Also, Property purchased under the Golden Visa program can be rented out, allowing investors to generate rental income and potentially cover a part of their investment expenses.

Elounda Hills, Crete

An opportunity available for those looking to buy in Greece can be seen here, Elounda Hills, Crete.

A collection of apartments, duplexes, and villas in a variety of sizes and styles has been created by award-winning architects and interior designers.

Find out more about this unique opportunity here.

Why Choose LeadingRE?

Leading Real Estate Companies of the World is the home of the world’s market-leading independent residential brokerages in over 70 countries, with 550 firms and 136,000 sales associates producing 1.2 million global transactions. Our by-invitation-only network is based on the unparalleled performance and trusted relationships that result in exceptional client experiences.