Property in Greece
Greece offers what few European markets still can: Mediterranean island living, EU membership and property prices that remain below many comparable destinations. Foreigners buy property in Greece freely — EU and non-EU citizens alike — with transactions completed before a notary and registered in the national cadastre.
Athens combines year-round rental demand with urban regeneration, Thessaloniki serves as the northern hub, and Crete, Rhodes, Corfu and the Cyclades lead the resort segment from stone villages to seafront villas. Renovated apartments in central Athens have become a favourite entry point for international investors.
Greece also runs one of Europe's remaining golden visa programmes: buying real estate above the regional investment threshold grants five-year renewable residency for the whole family, with no minimum stay requirement.
Frequently asked questions
Can foreigners buy property in Greece?+
Yes — foreigners buy freely in their own name. Non-EU citizens need a simple permit only for properties in certain border areas. You will need a Greek tax number (AFM) and a notary completes the deed, registered in the national cadastre.
How does the Greece Golden Visa work?+
Purchasing real estate above the investment threshold — which varies by region, with higher levels in Athens and other prime areas — grants a five-year renewable residence permit for you and your family. There is no requirement to live in Greece to maintain it.
What taxes do I pay when buying property in Greece?+
Resale purchases carry a transfer tax of around 3%, while newly built properties may instead be subject to VAT depending on the permit and use. Ownership carries the annual ENFIA property tax, generally moderate for typical residential holdings.
Where is the best place to buy property in Greece?+
Central Athens suits investors targeting year-round rentals; Crete offers the broadest villa market with a long season; Rhodes and Corfu combine tourism strength with international access; the Cyclades — led by Paros and Naxos — attract lifestyle buyers.
Is property in Greece a good investment?+
Greek tourism sets records year after year, supporting short-term rental demand across the islands and Athens alike. Prices in many areas remain below previous peaks, giving the market recovery potential alongside residency benefits.