It’s well known that Greece is a land known for its ancient history, delicious cuisine and friendly locals. But for an international property buyer weighing up where to invest in an overseas home, why should they consider choosing Greece?

To help you decide, here are five compelling (and practical) reasons to consider Greece for your next property purchase whether that’s for investment or living.

Cost of living

The cost of living in Greece is relatively low compared to other European countries. This means that your day-to-day expenses, from groceries to entertainment, are more affordable, allowing for a comfortable lifestyle without breaking the bank. Additionally, property prices in Greece are competitive, providing excellent value for money, especially when compared to hotspots like France or Italy where you’ll pay a premium to be anywhere near the coast or beach. Find out more about the cost of living in Greece in the Property Guides annual cost of living index.

 

Broad property market

The property market in Greece is massively diverse. There is a range of property styles to choose from, from rustic village homes to luxurious beachfront villas. This variety ensures that there’s something to suit every taste and budget. Moreover, the Greek government has implemented favourable tax incentives for foreign buyers, making the financial aspect of purchasing even more appealing.

 

Golden visa scheme

The Greek golden visa program is one of the most attractive residency-by-investment schemes in Europe. By purchasing property worth at least €250,000, non-EU buyers can secure a residency permit, which also grants travel among the 29 Schengen Area countries, just like EU citizens. This is a significant advantage over countries like Spain or Cyprus, where the minimum investment threshold is higher.

 

Excellent weather

The climate in Greece is one of the most pleasant in Europe, with mild winters and warm, sunny summers. This perfect weather allows for year-round enjoyment of the country’s natural beauty and outdoor activities. Whether it’s exploring ancient ruins with your friends or lounging on a sandy beach with a mezze board, the climate enhances the Greek living experience.

 

Well connected

Lastly, Greece’s strategic position at the crossroads of Europe, Asia and Africa makes it an ideal base for business and travel. The country’s improving economy and growing tourism sector present a potential for property value appreciation and rental income opportunities, especially in tourist-favoured areas.

 

 

In conclusion, Greece stands out as a prime location for property investment. Its affordable living costs, diverse real estate options, beneficial residency programs, delightful climate and strategic location combine to offer a compelling package for overseas buyers.

Remember, investing in Greek property is not just a financial decision, but a lifestyle choice that promises rich experiences and potential growth.

 

For guidance on managing your exposure to the ever-changing currency markets, head to our Currency Zone. We partner with Smart Currency Exchange, an FCA-authorised currency specialist. Choosing to work with a currency specialist rather than your high-street bank will enable you to benefit from their competitive exchange rates and specialist currency knowledge. For more information, head to our Currency Zone.

Written by PropertyGuides for Rightmove