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The Global Properties website offers over 100 listings for foreigners looking to buy apartments in a new building in Greece for investment and living. To quickly and efficiently find the best options, the platform provides the following tools:
- Advanced search system with filters to help you find properties based on price, area, location, number of bedrooms, furnishings, stage of construction and more;
- Quick links for popular searches, such as "waterfront", "pool" or "parking";
- Sorting function to rank listings by publication date, name, popularity or price (ascending or descending);
- Currency converter displaying the cost of real estate in rubles, dollars, euros or any preferred currency;
- Interactive map to explore the area where the project is located.
- Minimum price of apartments in new buildings for sale in Greece: USD 90,000
- Maximum price: USD 16.9 million
A foreigner can obtain a temporary residence card by purchasing residential or commercial property in Greece. This document is valid for five years and can be renewed an unlimited number of times. The minimum investment threshold for the immigration programme is EUR 250,000, applicable to properties intended for renovation or conversion into residential spaces. To obtain a residence permit by purchasing apartments, prices from developers in Attica, Thessaloniki, Mykonos, Santorini or islands with a population of over 3,100 people must be at least EUR 800,000, while in other regions, the minimum is EUR 400,000.
Along with the main applicant, the following family members can apply for resident status:
- A spouse or registered partner under a cohabitation agreement in Greece
- Unmarried children under 21 (or under 24 if they are students)
- Unmarried stepchildren under 21 who are in the care of the main applicant
- The investor's parents and the spouse's parents.
Apartments in residential complexes in Greece
Picturesque landscapes, relatively low prices, construction quality meeting European standards and a straightforward transaction process make apartments for sale in Greece in residential complexes a sought-after option among foreign buyers. To purchase real estate, a foreigner will need the following documents:
- A valid passport;
- Greek tax registration number;
- A valid visa for entering the republic (for non-EU citizens);
- Copies of tax returns;
- Proof of current residence (such as bank statements, utility bill receipts, etc.).
The process of purchasing apartments or villas in Greece includes the following steps:
- Property selection: Review the listings on our aggregator's pages and choose an option that best suits your goals and preferences. Contact the seller to discuss a potential deal;
- Hiring a lawyer: Foreigners should hire a Greek lawyer experienced in real estate transactions to review all documents. The lawyer will thoroughly examine the contract terms to ensure they are in the buyer's best interest;
- Signing a preliminary agreement: The parties will then sign a preliminary agreement outlining the terms of the sale, including the deposit amount and payment deadlines;
- Property inspection: Before finalising the deal, the property’s technical condition and all documentation must be checked. The investor should also confirm that the payment schedule is suitable and they are prepared for the taxes associated with the purchase;
- Completing the deal: After the comprehensive inspection, the parties sign the final sale agreement and have it notarised. The buyer must pay the remaining amount and associated fees and register the property in their name with the Land Registry.
Investments in apartments by developers in Greece
Many foreigners choose to buy new apartments in Greece from developers not only to live and vacation on the Mediterranean coast but also to generate profit. Real estate prices in the republic continue to rise rapidly, driven by a developed tourism industry, improving infrastructure and favourable taxation. In 2022, housing prices increased by an average of 11.9% year-on-year and in 2023, by 13.4%. There are no signs of a price decrease in the coming years, so investors can expect profits from resale. Apartments in new developments typically increase in value by an average of 20% immediately after the building is completed. Therefore, once construction is finished, you can resell the property at a higher price, earning a profit from the price difference.
The rental business can also be a significant source of income. The average profitability of residential properties in the republic ranges from 4% to 8.5% annually, depending on the location. Investors looking to recover their investment as quickly as possible are advised to focus on projects in coastal areas and popular tourist locations.
Buy an apartment in Greece in a residential complex
Global Properties is an aggregator that automatically collects listings from reputable developers and agencies. All information submitted to the website is manually verified, ensuring that users can explore a wide range of listings for apartments in Greece, complete with detailed descriptions, current prices and high-quality photos. The contact details of all sellers are publicly available, allowing buyers to negotiate deals and obtain additional information without involving third parties. Find the property of your dreams and contact the developer by phone or via direct messages!