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Grekodom
Mercury GroupThe website provides information on over 7917 residential properties in Greece, sourced from top developers and real estate agencies.
To buy an apartment or house on the primary or secondary market, use the convenient filters with sorting functions and the map search feature.
Quick links to frequently used filter combinations, such as 'by the sea', 'first line' and others, are provided at the bottom of the page for easy selection.
Viewing prices is simplified with a built-in currency converter, enabling you to see the total amount in Euros, Dollars and other popular currencies.
Foreigners can own residential and commercial real estate in the country. Transactions can be registered in the name of an individual or a legal entity. The only restriction for foreign investors is the requirement to obtain permission from the authorities to buy housing in border areas close to Turkey, such as the islands of Rhodes and Lesbos.
- Minimum property prices in Greece: EUR 250000
- Maximum price: EUR 17 million
The average price has increased by 14.1% in the last year.
- The minimum size is 44 m²
- The maximum area is 1,900 m²
Residence through investment in residential or commercial real estate is one of the options offered by the Greek Golden Visa programme.
To become a resident, buyers must purchase one or more housing units worth at least €250,000. This requirement is valid until 31 August 2024 - after which the minimum price will increase to EUR 400,000. The visa is issued for five years and can be renewed indefinitely. The residence permit is also available to the holder's spouse, parents and children, subject to certain age restrictions.
Homeowners can first obtain a residence permit and then apply for permanent residency. Foreigners must spend at least 183 days a year in the country for seven years. To become a citizen, individuals must be over 18 years of age, have no criminal record or deportations and pass a written exam on Greek language, history, culture, geography and government.
The most attractive locations for foreign buyers include:
- Athens: A southern European metropolis with a developed infrastructure that hosts concerts, exhibitions, theatre performances and sporting events. It offers a mix of old and new residential real estate;
- Crete: The country’s largest island, surrounded by three seas. This region is renowned for its rich nature and historical landmarks, including the Palace of Knossos, archaeological museums and the Koules Fortress. Property on Crete comprises low and mid-rise buildings as well as coastal villas;
- Corfu: An island of picturesque natural beauty, famous for its capital, which has a medieval centre with traditional Venetian-style buildings and cobbled streets. The town offers a wide range of apartments on the secondary market.
Buyers can choose from houses, villas, townhouses and apartments in Greece. Apartments in new developments often feature first-class amenities such as swimming pools, gyms and 24-hour security. Many homes boast spacious rooms and large outdoor areas with pools, gardens and stunning sea views.
Investing in real estate in Greece offers several compelling reasons:
- A wide choice of housing types;
- Stable price growth;
- The ability to rent out housing;
- A tourist season from May to September, with average temperatures between +20°C and +30°C;
- Beautiful beaches and azure waters;
- A rich history and numerous attractions.
The rental market is dynamic, particularly in tourist areas. Rental prices can fluctuate based on factors such as location, type and condition. Property on Corfu, Crete, Rhodes, Kos and Santorini is highly sought after and particularly popular with tourists. In resort areas and prestigious neighbourhoods, rental prices tend to be higher due to increased demand from holidaymakers and business travellers.
Property in Greece
Greece, situated in the southern part of Europe, is bordered by four seas: the Mediterranean, the Aegean, the Ionian and the Libyan. Renowned for its history and culture, the country is considered the cradle of Western civilisation and draws tourists year-round. Its islands and coastal cities rank among the world's most popular resorts, boasting sandy beaches and azure waters. The country is also home to Christian sanctuaries like Mount Athos, the monasteries of Meteora and numerous churches. Tourists are also attracted by its thermal springs and local cuisine.
Property for sale in Greece encompasses various types of housing options:
- Apartments, often featuring one or more bedrooms and bathrooms, kitchen-living rooms and balconies. Some units are equipped with appliances, air conditioning and furniture;
- Penthouses, typically offering spacious terraces with sea or mountain views, Jacuzzis and walk-in wardrobes;
- Houses and villas in Greece, complete with private gardens and parking. More luxurious developments may include swimming pools, games rooms, fireplaces and direct beach access;
- Townhouses, which provide communal facilities such as swimming pools and leisure areas;
- Cottages, available in traditional or modern styles. These units usually have smaller plots compared to villas but can offer similar private amenities.
Real estate is available on both the primary and secondary markets, with many new developments under construction in Piraeus, Athens, Halkidiki, Chania and Sithonia. Modern complexes often feature numerous amenities and services, including swimming pools, gyms, playgrounds, recreational areas, concierge services and security systems.
Prices of properties in Greece for investment are significantly influenced by proximity to the sea and the condition and size of the housing unit. The most expensive regions are Athens, the Cyclades and the islands of Kefalonia, Mykonos, Santorini and Lefkada. More affordable options can be found in the provinces of Florina, Kilkis, Drama, Karditsa and Imathia (Naoussa).
Reasons for investing in property in Greece
Greece stands as one of Europe's top destinations for investment due to its growing economy, diverse housing types, high tourist potential and rental income. There is a wide range of housing available at different price points to suit buyers with different budgets.
Prices have risen significantly, especially in major cities and resort areas. In Q2 2023, the highest year-on-year price increases were recorded in Thessaloniki and Athens, with increases of 16.37% and 14.05% respectively.
Foreigners are keen to invest in real estate for sale in Greece, as statistics for the first half of 2023 indicate: foreign buyers accounted for 80% to 85% of all transactions, marking a 39.9% increase compared to the same period last year. This surge is closely linked to the residence permit programme. In the first half of 2023, net foreign direct investment in real estate reached EUR 1.1 billion.
Owners can rent out their homes to generate a steady passive income, especially during the tourist season from May to September. The average rental yield across the country is 4.82%. This figure varies by region: in Athens, the yield is around 8%, while in Volos and Thessaloniki, it stands at 4.95% and 4.8% respectively.
Buying real estate in Greece
The Global Properties website offers up-to-date real estate listings from verified developers and leading real estate agencies. The portal is updated daily with new listings of property in Athens, Crete, Corfu and other popular locations. An integrated currency converter helps to quickly convert prices into Euros and Dollars. The catalogue offers a wide range of options based on area, location and proximity to the coast.