The Greek real estate market has become one of the most attractive options for both local and
international investors over the past decade. With its unique combination of breathtaking natural
landscapes, rich cultural heritage, and favorable investment conditions, Greece offers a
compelling opportunity for property buyers. Below, we explore the key advantages of investing in
the Greek real estate market.
Contents
Booming Tourism Industry
Greece consistently ranks as one of the world’s top travel destinations, welcoming millions of
visitors every year. This steady influx of tourists fuels strong demand for short-term rental
properties, especially in high-demand areas such as Athens, Mykonos, Santorini, and Crete.
For investors, this means excellent opportunities to generate consistent rental income through
platforms like Airbnb and Booking app.
Golden Visa Program – A Gateway to Europe
One of the most significant incentives for foreign investors is Greece’s Golden Visa Program. It
not only provides an investment pathway into Greek real estate but also grants five-year
renewable residency permits to non-EU citizens. Residency includes the right to live in Greece
and visa-free travel across the 27 countries of the Schengen Area.
As of August 31, 2024, Greece has introduced a tiered investment threshold based on property
location and type:
• €800,000 – For properties in high-demand urban and island areas, such as
central Athens, Thessaloniki, Mykonos, and Santorini.
• €400,000 – For properties in less densely populated cities and islands with
growing markets.
• €250,000 – For investments in properties converted from commercial to
residential use or in historical buildings requiring restoration.
Additional Benefits of the Golden Visa Program:
- Residency is granted to the investor’s entire family (spouse, children under 21, and dependent parents).
- No minimum stay requirement – you are not obliged to live in Greece to maintain residency.
- Pathway to permanent residency and potential Greek citizenship after seven years.
- Flexibility to rent out the property and earn passive income.
This program remains one of the most affordable and competitive residency-by-
investment options in Europe, making it a top choice for investors seeking both
lifestyle and mobility.
Competitive Property Prices
Compared to other Mediterranean markets like Spain, Italy, or Portugal, Greek real estate
remains remarkably affordable. Although property values have been steadily recovering since the
financial crisis, prices are still considered undervalued compared to Western Europe. This
provides excellent potential for long-term capital appreciation, particularly in emerging
neighborhoods and developing islands.
High Rental Yields
Cities such as Athens and Thessaloniki are experiencing rising demand for long-term rentals,
while tourist hotspots drive high returns from short-term stays. Investors in Athens, for example,
can achieve average rental yields of 5% to 7%, which is strong by European standards. Island
and coastal properties also benefit from strong seasonal demand, ensuring a lucrative summer
rental market.
Favorable Tax Conditions
The Greek government continues to introduce tax incentives to attract foreign investors,
including:
- A flat 7% tax rate on pensions for retirees relocating to Greece.
- Reduced VAT rates on property transactions, especially for energy-efficient buildings.
- Tax exemptions and reductions for renovation projects that improve sustainability and energy efficiency.
These measures significantly lower the cost of ownership and enhance investment
profitability.
Infrastructure Development and EU Funding
Large-scale infrastructure projects, supported by EU funding, are boosting the appeal of the
Greek real estate market. Upgrades to transportation networks, airports, ports, and
telecommunications are expanding accessibility and increasing property values in both urban
and rural areas.
Stable Political and Economic Climate
In recent years, Greece has demonstrated impressive economic recovery and political stability,
underpinned by its membership in the European Union and the Eurozone. Clear property
regulations and strong legal protections provide a secure environment for investors.
Cultural and Lifestyle Appeal
Beyond financial returns, investing in Greek real estate is also a lifestyle investment. Greece
offers an enviable quality of life with its Mediterranean climate, historic architecture, world-
renowned cuisine, stunning coastlines, and vibrant cultural scene. For many investors, owning
a property in Greece doubles as both a strategic investment and a personal retreat.
The Greek real estate market presents a rare blend of financial opportunity, lifestyle benefits,
and residency advantages. With competitive property prices, strong tourism demand,
government incentives, and the highly attractive Golden Visa Program, Greece is exceptionally
well-positioned for growth in the coming years.
If you are considering investing in Greek real estate or exploring residency opportunities through
the Golden Visa, you can reach out to Landmark Titan Realty for expert guidance and tailored
solutions.
Email: info@landmarktitan.com
WhatsApp: +90 850 309 6983