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Real estate in Greece - a holiday destination or a smart investment?
Greece is currently one of the most popular travel destinations and a top choice for real estate investors interested in buying property in Greece. Property prices in Greece are more competitive than in Spain or France. For many buyers, it’s the perfect place to invest in a lifestyle focused on a slower pace, personal connections, and quality time spent outdoors.
Find real estate - where to buy property in Greece
The best location depends on your goals. Across Greece, you’ll find a wide variety of regions, each with its own unique appeal:
Real estate in Crete
A picturesque island known for its diversity - from beautiful beaches to mountain trails and historic sites. You’ll find everything here, from traditional stone houses with sea views to seafront homes, newly built properties, and a house in Crete tailored to different budgets and lifestyles. Its great infrastructure and long tourist season make Cretan real estate highly popular, even if prices are slightly higher.
Rhodes
The "Island of the Sun" boasts over 300 sunny days a year, making it a major tourist hub. This is an excellent choice for short-term rentals. Located in the Aegean Sea, Rhodes offers a well-developed market with many properties just a short walk from the sea.
Luxury villas in Corfu
Corfu has a different feel than the southern islands. It’s much greener, with a landscape dominated by olive groves and rolling hills. The west coast features beautiful sandy beaches, perfect for those seeking a quiet, more intimate atmosphere. In the north, the market is often more exclusive and high-end.
Halkidiki and Thessaloniki
Halkidiki is a beautiful peninsula with a scenic coastline and clear waters. On the Greek mainland, it’s often easier to find properties for sale at more affordable prices than on the popular islands. This region is ideal if you want a seaside home while staying close to a major city like Thessaloniki - Greece’s vibrant second-largest urban center.
Buy a house in Athens Riviera
The coastal area of Athens, known as the Athens Riviera, is one of the most prestigious locations in the country. Property owners here benefit from year-round rental demand due to the proximity of the capital, the international airport, and constant tourist traffic.
Real estate in Greece - types of properties for sale
Depending on your budget and plans, you can choose from various options to find the perfect property:
Rental Apartments
Units near the sea line or in resorts are perfect for short-term rentals. Even a compact apartment with a living room, bedroom, and kitchenette can generate steady interest throughout the year.
Villas with sea view and homes for sale
Beyond apartments, houses in Greece in peaceful areas, close to the sea, with gardens and pools, appeal to more discerning buyers. Prices vary greatly by location, but the diverse property types throughout Greece often offer excellent opportunities for long-term investment and rental potential.
City apartments
In larger urban centres like Athens or Thessaloniki, investors increasingly prefer long-term rentals, which require less day-to-day management than short-term holiday rentals.
Renovation projects
Traditional stone houses needing modernisation can be a great opportunity for experienced investors. They are often found in prime locations, but it’s important to carefully analyse the renovation costs.
Why invest in property for sale in Greece?
Property prices per square meter in Greece remain lower than in other Mediterranean countries. The Greek real estate market is showing a strong upward trend, supported by new infrastructure projects. Tourist numbers are growing every year, making Greek property an attractive option for those looking to sell or rent. For EU citizens, the buying process is simple and secure. For investors from outside of Greece, real estate investment in Greece is also an appealing opportunity, especially as non-EU buyers can obtain a residence permit in Greece through the Golden Visa program in exchange for property investment.
How the buy real estate in Greece
With the right support, buying property in Greece is a smooth and secure process. As trusted real estate professionals, our agency guides you through every step of the property purchase - from finding the right offer and selecting the best properties among listings from estate agents and property owners to receiving your keys.
We present carefully selected lists of houses and apartments for sale based on your needs, assist with the reservation, and help prepare the preliminary agreement. We also handle the legal verification of the property to ensure everything is in order. The final transaction is always completed in the presence of a notary.
Buying a property - additional investment cost
Purchasing property in Greece involves extra costs, usually between7% and 10%of the property value. Key expenses include:
Transfer Tax (FMA)
VAT (applicable to some new builds, though many are currently exempt)
Notary fees and registration costs
FAQ
Can I rent my property to tourists?
Yes, short-term rentals are allowed, though they usually require registration and compliance with local rules.
Are maintenance costs high?
Maintenance costs are generally moderate. They depend on the property’s location, standard, and how often it is used.
Can I buy a property in Greece without being in the country?
No, the entire process can be done remotely through a Power of Attorney (PoA) granted to your legal representative.
Thank you for trusting MAG World Properties. Our expert will contact you to discuss your purchase goals, budget, and preferred destination — and suggest the next step.