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Mercury Group
My Property Greece Limited
GrekodomThe site offers a selection of more than 63 apartments and flats in the Peloponnese from trusted developers and real estate agencies. Use the search filters to narrow down options by price, number of bedrooms, size, and location. Once you've found a property that interests you, simply contact the seller directly to get detailed information about the property and the specifics of the transaction.
- The minimum price is EUR 250000
- The highest cost of an apartment in the Peloponnese is EUR 700,000
| Bedrooms | Minimum price (in EUR) | Maximum price (in EUR) |
|---|---|---|
| Studio | 42,000 | 160,000 |
| One bedroom | 45,000 | 165,000 |
| Two bedrooms | 50,000 | 270,000 |
| Three bedrooms | 104,000 | 380,000 |
| Four bedrooms | 130,000 | 700,000 |
- The minimum size is 53 m²
- The maximum size is 445 m²
One of the key benefits for foreign investors is the opportunity to obtain residency status in Greece by purchasing real estate. The minimum investment required for an apartment in the Peloponnese, Greece, is EUR 250,000, but this threshold will increase to EUR 400,000 after 31 August 2024. The residence permit is valid for five years and can be renewed indefinitely. After residing in Greece for seven years, with a minimum of 183 days per year, one can apply for citizenship. The applicant must be at least 18 years old, have a clean criminal record, and no history of deportations. Additionally, passing a written exam in Greek language, geography, history, culture and government is required.
Apartments for sale in the Peloponnese
The Peloponnese region in Greece offers a diverse and attractive property market for those looking to invest in apartments. Known for its rich history, stunning landscapes and beautiful coastlines, the Peloponnese is an appealing destination for tourists and potential homeowners. The local property market features a variety of apartments, ranging from modern flats in bustling towns to charming properties in picturesque villages.
One of the main advantages of purchasing apartments and flats in the Peloponnese is the relatively affordable prices compared to other popular regions in Greece. Additionally, the cost of living on the Peloponnese is generally lower than in major cities like Athens, making it an attractive option for retirees and those seeking a more relaxed lifestyle.
The Peloponnese offers a high quality of life with its mild climate, excellent cuisine, and numerous cultural and historical sites. The region is well-connected by road and has several ports, making travel to and from the area convenient. Moreover, the local community is known for its hospitality, which can make the transition smoother for foreign buyers.
However, there are some disadvantages to consider. The real estate market on Peloponnese can be less dynamic than in larger cities, potentially leading to longer times to sell a property in Greece. Additionally, while the region is beautiful and serene, it may lack some amenities and entertainment options in more urban areas.
Purchasing apartments in Greece is straightforward but requires careful attention to detail. Foreign buyers must ensure they comply with Greek property laws and regulations. It is advisable to work with a local real estate agent and a lawyer to navigate the legal aspects of the transaction
Reasons for investing in an apartment on Peloponnese
Buying apartments on Peloponnese for investment presents a compelling opportunity for investors seeking value and potential returns. The region's real estate market is characterised by relatively affordable property prices and promising rental yields. As of 2024, the average gross rental yield in the Peloponnese can reach up to 7% in certain hotspots like Nafplio and Kalamata, making it an attractive option for buy-to-let investors.
The real estate market cap in the Peloponnese has been steadily growing, with residential property prices increasing by approximately 9.62% year-on-year as of April 2024. This upward trend indicates a healthy and appreciating market, providing investors with excellent capital growth potential.
Off-plan flats for sale on Peloponnese are also a significant part of the real estate landscape. These properties often offer a 20-30% increase in value upon completion, providing substantial returns for early investors.
Moreover, the Peloponnese benefits from a strategic location with excellent connectivity, including major highways and ports, facilitating easy access to other parts of Greece and Europe. The region's rich cultural heritage, stunning natural landscapes and mild climate enhance its attractiveness as a residential and tourist destination.
Foreign investors can also take advantage of Greece's Golden Visa program, which grants residency for property purchases of at least EUR 250,000. The threshold will rise to EUR 400,000 after 31 August 2024. This visa is valid for five years and can be renewed indefinitely, offering a pathway to long-term residency and potential citizenship.
In summary, the Peloponnese offers a robust investment environment with solid rental yields, appreciating property values, and significant off-plan opportunities. Combined with the benefits of the Golden Visa program and the region's inherent appeal, investing in apartments in the Peloponnese is a strategic choice for savvy investors.
Buying an apartment in the Peloponnese
Buying real estate in Peloponnese is an excellent choice for those seeking a blend of history, natural beauty, and investment potential. The region offers a variety of properties, from modern flats to traditional homes. For those interested in exploring options, Global Properties provides a comprehensive listing of available properties, including flats and villas in Greece and current apartment prices in the Peloponnese. With affordable prices and a promising market, Peloponnese is a prime location for your next real estate investment.