real estate

Greece: a fairy tale country with fantastic real estate

Greece is an increasingly popular destination for people looking to buy property. With its stunning landscapes, warm climate, and rich culture, it’s no surprise that many people are drawn to the country. Buying property in Greece can be a great way to invest in an area that has a lot of potential. Whether you’re looking for a holiday home, retirement property, or an investment opportunity, there are many options available in Greece.

An apartment in Athens for sale would be one of the best choices. Located in the heart of Greece, this stunning property is an excellent opportunity for anyone looking to invest or move abroad. Boasting a spacious open-plan layout and modern amenities, this is an ideal place to live and entertain friends and family. Its vibrant atmosphere and convenient access to public transportation promise to be an enjoyable experience for all. This wonderful city has so much to offer its residents and visitors. From the vibrant nightlife to the amazing food and culture, there is always something fun to do in this picturesque city.

Properties for sale in Greece impress with their diversity, offering everyone an ideal place to call home. 

Why Purchase Property in Greece?

Greece is a country with a rich cultural heritage and a beautiful coastline, which make it an attractive holiday destination. However, it is not just a holiday destination. It is also a country that offers opportunities for investors seeking to purchase property in Greece. The Greek economy has been performing well over the past few years and there are high levels of economic growth, which have led to strong demand for property. In addition, investors can also benefit from a favorable tax regime and a stable political environment. The following are some of the top reasons why you should invest in property in Greece:

  • The country has been enjoying a relatively high level of economic growth over the past few years.
  • The economy grew by 6% in 2022, which is higher than the average for the eurozone. It is also expected to grow by 1% in 2023 and in 2024.
  • The country is experiencing a very positive economic climate, and this has led to robust demand for property throughout the country.

Best locations 

The first step to buying property in Greece is to find a suitable area. If you’re looking for a holiday home in Greece, the best option may be to choose an area that’s close to some of the country’s most popular attractions.

Greek islands are located in the Mediterranean Sea, off the coast of Turkey. There are over 2,000 islands in Greece; however, only a few of these are inhabited. Most of the islands are mountainous, with steep cliffs and rocky shores. The Cyclades are a group of islands in the Aegean Sea.

The largest island in the group is Santorini. It is known for its beautiful scenery and has become a popular tourist destination. Santorini caldera, which is a massive volcanic crater that was formed during a major explosion in 1640 BC. The volcano is still active and has erupted twice in recent history. The island offers a wide range of real estate options, from high-end villas to condos, as well as plenty of luxurious vacation rentals. The island is also a great place to buy a home with investment potential. As it becomes more popular as a tourist destination, the demand for real estate will grow, and prices should follow suit.

The Ionian Islands are a group of islands that make up part of Greece’s northern coastline. The island of Corfu is the largest island in this group. The Peloponnese is a peninsula that lies in the southern part of Greece. The mountains there are covered with forests and olive groves. Athens is the capital city, and it has been inhabited since ancient times. The country has many famous landmarks, including the Parthenon, which is a temple dedicated to the goddess Athena.

Types of Properties

While in Greece, you will find that the majority of properties are villas. There are several reasons why they are popular among investors and tourists alike. One of the main reasons is that many of the older Greek villas are located in a picturesque setting, making them ideal for those looking to move to Greece permanently or just vacation there. Villas are also relatively affordable compared to other property types in Europe. The average price of a villa in Greece is €250,000. While this may seem like a lot, it is much less expensive than owning property in other European countries like Italy or France. Apartments are another popular type of property in Greece. Condominiums are also available. Mediterranean-style homes are common here. The climate is very mild in Greece, and it rains a lot. This means that the houses are built of stone, brick, or stucco. The most popular flooring options are wood and ceramic tile.

Greece Property Prices

Buying property in Greece is a good investment if you know where to look. Greek property prices have been on the up for several years and should continue to rise as the economy improves. Prices in many areas have risen by up to 46% since 2008 and are expected to continue rising in the coming years.

Moreover, Greece’s property prices are very low compared to other European countries. Prices continue to rise as the country recovers from the economic crisis. However, they are still quite affordable compared to other countries. The average price of a property in Greece is € 2,252 per square meter (sq. m.) as of December 2022. This is 12% higher than in December 2021. Property prices in Greece will likely rise as the economy improves and tourists return to the country over and over again.

Legal Requirements: Permits and Licences

The Greek government takes its regulations very seriously when it comes to foreign buyers acquiring real estate within the country, so it’s essential that anyone looking to buy property familiarizes themselves with all relevant laws before doing so. While it`s possible to buy property in Greece from abroad, you should do so only after researching the laws and regulations that apply.

If you plan to live in your new home full-time, you will be required to register with local authorities as a resident of Greece. You will also need to apply for a tax number, which can be obtained at your local tax office. If you plan on spending more than 183 days in Greece each year, you must register as a resident with the local municipality and apply for a residence permit. Non-EU citizens who plan to live in Greece for more than six months will also need to apply for a residence permit, which is issued by the local police.

The purchase of property in Greece is regulated by the Greek National Bank. The bank issues one-year, renewable leases to those who wish to buy property in Greece. These leases are initially issued in the name of the buyer, but they can be transferred to another individual once the property has been purchased and all taxes have been paid. The property is then registered under the new owner’s name and title deed. This process can be a lengthy one, taking up to 12 months. Foreigners who wish to buy property in Greece must have a permanent residence permit at the time of purchase.

Conclusion: Exploring the Possibilities

After all, Greece is an ideal destination for anyone looking to purchase a property. With its perfect combination of beaches, mountains, and historical sites, it offers something for everyone. From luxury villas on the island of Crete to quaint apartments near the Acropolis in Athens, there are plenty of options to choose from when considering purchasing property in Greece. You can find something that fits your budget and lifestyle. The easiest way to purchase a property in Greece is through an estate agent or realtor. They are able to offer you a wide range of properties and can help you find the right one for your needs.

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