Buying real estate in Greece could radically change your life. Have you been looking for a place in the sun for some time? Then a vacation home in this beautiful Mediterranean country may be right for you.
With the right strategy and a reliable local partner, even seemingly daunting projects can be realized quickly and effectively.
Here are some frequently asked questions and answers about investing in Greek real estate.
Why Invest in Greek Real Estate?
Greece is a Mediterranean sun country rich in historical and cultural heritage. In addition, it certainly offers nature at its most beautiful.
This wonderful holiday country has become an attractive destination for many holidaymakers and expatriates.
Greece is a destination of great beauty, blessed with ancient ruins and countless architectural gems.
Some examples include:
- The iconic Parthenon, a temple dedicated to the goddess Athena.
- The amphitheater of Epidaurus (dating back to Greek antiquity).
- The world-famous Acropolis of Athens.
- The restored Palace of Knossos.
- The impressive cave monasteries of Meteora, a World Heritage Site.
- But as already mentioned, Greece is not only about these cultural attractions.
The country also has spectacular natural attractions at the top of the earth.
- The volcanic crater of Santorini.
- The Corinth Canal (a canal connecting the Gulf of Corinth and Saronic Gulf).
- Navagio Beach (a beach surrounded by sheer rocks and shipwrecks washed ashore) and other beautiful Greek beaches.
- Lake Pambotida (also known as Lake Ioannina).
- The gray rocky mountains of Meteora Monastery.
- The ski resort of Vasilitsa, and more.
Is Buying Property in Greece a Good Investment?
Greece has become a lucrative investment destination for second residents in recent years.
This is due to its pleasant and mild climate, beautiful nature, and excellent geographical location.
Today, many private investors consider Greece an attractive and trendy investment destination where it is possible to find real estate of acceptable quality at affordable prices.
Many Greek properties are purchased purely by individuals. Others purchase Greek real estate solely for rental purposes.
Greece is a member of the European Union, where the rule of law applies. It is also a member of the Eurozone and enjoys all the benefits of the single currency. Therefore, there is no longer the risk of currency devaluation as when the currency was the Greek drachma.
Local Greek law regarding the purchase and ownership of real estate is enshrined in the Greek Constitution and the Greek Civil Code.
Can Foreigners Purchase Real Estate in Greece?
Yes, foreigners can purchase real estate in Greece.
For residents of the European Union, there are few restrictions regarding real estate investment in Greece.
Thus, the free movement of goods, services, persons, and capital (a fundamental EU principle) is respected.
Where To Buy a Property in Greece?
Before embarking on your personal Greek (real estate) adventure, you need to decide exactly where you want to buy your vacation home or any other property.
Greece offers a fantastic variety of lifestyles, flora and fauna, local economies, geography, climate, and ways of life.
Greece is also the best in the world when it comes to nature. The country has more than 6,000 islands, and more than 200 are inhabited.
The Greek archipelago is very different in its composition, size, geography, and nature, making each island special in its own way.
Furthermore, Greece is still an unspoiled and relatively undeveloped country.
Although there are strong tourist peaks during the high season, for example, Greece does not yet have Spain’s highly developed mass tourism facilities.
In short, in Greece you can find your own place to relax in an unspoiled paradise.
Are you interested in buying a property in Greece? Share your thoughts with us in the comments below!