Buying property abroad is an exciting step, and for many international buyers, Greece stands out as a top destination. With its Mediterranean lifestyle, rich history, strong tourism sector, and attractive real estate prices compared to other European countries, it’s no surprise that more people are looking to Buy a House in Greece. Whether your goal is lifestyle, retirement, or investment, this guide by Greece Invests will walk you through everything first-time international buyers need to know.

Introduction

If you are planning to Buy a House in Greece, understanding the process, legal requirements, costs, and best locations is essential. Greece offers excellent opportunities for foreign buyers, but success depends on preparation and the right guidance. In this complete guide, Greece Invests explains how international buyers can confidently navigate the Greek property market and make informed decisions.

Why Buy a House in Greece?

Greece combines lifestyle appeal with strong investment fundamentals. Buyers are attracted by:

• Affordable property prices compared to Western Europe
• A warm climate and high quality of life
• Strong demand for short-term and long-term rentals
• Access to the European Union property market
• The possibility of residency through property investment

Whether you’re dreaming of a seaside villa, a city apartment, or a holiday home on an island, Greece offers something for every budget and purpose.

Can Foreigners Buy Property in Greece?

Yes. One of the biggest advantages of choosing to Buy a House in Greece is that the country allows foreigners to own property with very few restrictions. Buyers from the EU and non-EU countries can purchase real estate in Greece, including apartments, houses, and land.

In certain border areas, special approval may be required, but this is a standard process and does not prevent most buyers from completing their purchase.

Step-by-Step Process to Buy a House in Greece

1. Define Your Goals and Budget

Before you start searching, clarify your purpose:

• Personal use or holiday home
• Rental income or long-term investment
• Residency or Golden Visa eligibility

Your budget should include not only the purchase price but also taxes, legal fees, and maintenance costs.

2. Obtain a Greek Tax Number (AFM)

To Buy a House in Greece, you must obtain a Greek tax identification number (AFM). This is mandatory for all financial and property transactions. Greece Invests can help streamline this process for international buyers.

3. Open a Greek Bank Account

A local bank account is usually required to manage payments related to the purchase, taxes, and utilities. This also helps ensure transparency and compliance with Greek regulations.

4. Work With Trusted Professionals

Buying property abroad should never be done alone. You’ll need:

• A licensed real estate advisor
• An independent lawyer
• A notary public

At Greece Invests, we connect buyers with experienced professionals who protect your interests at every stage.

Legal Checks and Due Diligence

Legal due diligence is one of the most important steps when you Buy a House in Greece. Your lawyer will:

• Verify property ownership and title deeds
• Ensure there are no debts, liens, or legal disputes
• Confirm zoning and building compliance
• Review contracts and sale agreements

Skipping this step can lead to costly mistakes, so professional legal review is essential.

Costs and Taxes You Should Know

Understanding the full cost of buying property helps you plan accurately. Typical expenses include:

• Property Transfer Tax: Usually around 3% of the property value
• Notary Fees: Approximately 1–2%
• Legal Fees: Around 1–2%
• Real Estate Agent Fees: Often 2–3%
• Annual Property Tax (ENFIA): Depends on property size and location

When you Buy a House in Greece, these costs are generally lower than in many other European countries.

Best Locations for First-Time Buyers

Choosing the right location is key to a successful purchase.

Athens

Ideal for investors and lifestyle buyers. Strong rental demand and long-term value growth.

Thessaloniki

An emerging market with affordable prices and high potential.

Greek Islands

Perfect for holiday homes and short-term rentals. Popular islands include Crete, Rhodes, Corfu, and Paros.

Mainland Coastal Areas

Offer better value and growing interest from international buyers.

Greece Invests helps clients match their goals with the right region and property type.

Financing Options for International Buyers

While many buyers purchase with cash, financing options are available. Greek banks may offer mortgages to non-residents, although terms can be stricter. Some buyers also finance through banks in their home country.

Understanding your financing options early makes the process of deciding to Buy a House in Greece much smoother.

Buying for Investment and Rental Income

Greece’s strong tourism industry makes property investment attractive. Short-term rentals in popular locations can generate high seasonal returns, while long-term rentals offer stable income in urban areas.

Before investing, consider:

• Local rental regulations
• Property management services
• Expected rental yields

With expert guidance, buying for investment can be both profitable and secure.

Residency and Golden Visa Benefits

One major reason international buyers choose to Buy a House in Greece is the residency option. Property investment can provide access to Greek residency, allowing freedom of travel within the Schengen Zone.

Greece Invests specializes in helping buyers understand residency requirements and align property purchases with long-term goals.

Common Mistakes to Avoid

First-time buyers should avoid:

• Purchasing without legal checks
• Underestimating total costs
• Choosing location without rental or resale research
• Working with unverified agents

Professional guidance minimizes risks and ensures a smooth transaction.

Final Thoughts

To Buy a House in Greece is more than a real estate transaction—it’s an investment in lifestyle, opportunity, and future growth. With the right preparation and trusted experts, the process can be straightforward and rewarding.

At Greece Invests, we are committed to helping international buyers confidently enter the Greek property market. From initial consultation to final purchase, our goal is to make your journey transparent, secure, and successful.

If you’re ready to explore your options and take the first step, Greece Invests is here to guide you every step of the way.