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4 finest locations to buy real estate in Greece

Posted On Friday, 06 January 2023 19:35
4 finest locations to buy real estate in Greece

Not just in terms of lifestyle options but also in terms of the real estate market and the financial prospects available, the Greek real estate market is incredibly diverse.

The choice of site will be heavily influenced by personal reasons for people intending to invest over the long term, such as those looking to migrate. A more developed region that enjoys strong tourism foot traffic will be preferred for companies wishing to invest commercially because they will need to examine the returns on offer.

Greek residency through investment visas

Golden visas issued by EU countries like Greece are particularly desired since they may eventually result in citizenship and, hence, access to the EU. Additionally, the Greece Golden visa provides an instant five-year residency after the investment visa is approved, extending to immediate family members and allowing unrestricted travel inside the Schengen Area.  In 2019, 645 investment visas were issued, according to Greece's minister of immigration.

Locations

We have put together a list of four of the finest locations to purchase real estate in Greece. if you've always wanted a vacation house (or permanent residence) there, whether it be on one of the beautiful islands or the ancient mainland.

  1. 1. Corfu

One of the more well-known Ionian islands is Corfu. For couples wishing to buy a second property or live permanently on this island, it is ideal.

There is no wonder the island attracts about 400,000 people a year with its verdant environment brimming with olive trees and citrus orchards, secluded coves, breathtaking beaches, and Adriatic-style settlements. The Canal d'Amour, often known as the Channel of Love, is a well-known attraction in Sidari, Corfu. The phrase "all couples who swim in the waters will remain in love forever" is the source of the name of the place.

The island has a long history, and Venetian, French, and British influences may be seen in the architecture. There are Byzantine churches as well as the remains of Greek and Venetian temples and castles. Sidari is an area of Corfu that receives a lot of tourists, although this has its benefits because there are many English speakers and a lot of shops and restaurants there. Near Canal d'Amour beach in Sidari, you can buy a three-bedroom detached property for less than €300,000.

  1. 2. Kefalonia

Kefalonia is a fantastic spot to take into account if you've always wanted to retire to a Greek island. Kefalonia is a quieter island than Corfu and is the location of numerous treasures. Assos is a quaint fishing community with a harbor front lined with a variety of colorful homes and the ruins of a Venetian fortress from the sixteenth century. If you like to hike, Mount Aenos, the tallest mountain on the Ionian Islands, is located on the island of Kefalonia. Numerous trekking paths wind through Greek fir and black pine forests, and the peak offers expansive views of the neighboring island.

For about €50,000, one can purchase a traditional home in the village of Hinata, which is located at the base of Mount Aenos. As an alternative, you may pay €650,000 for a four-bedroom luxury property in the fishing village of Katelios with a private pool and views of the ocean.

  1. 3. Peloponnese

The Peloponnese is where most of Greece's antiquity and amazing archaeology may be found. Mystras and Monemvasia are the only two medieval towns that can take you back in time. Walking trails across the mountains and deep forests in the Peloponnese region may take you to further undiscovered sites. This region is absolutely worth taking into account when buying your vacation house because it has stunning beaches, caves, waterfalls, and even ski resorts. For less than €350,000, you may purchase a three-bedroom stone villa with a sizable yard, as well as a two-bedroom apartment in the center of the village, for just €265,000. The charming city of Nafplion is ideal for couples. Its historic buildings and remote coves have earned it the title of Greece's most charming village.

  1. 4. Crete

The island of Crete is unquestionably the place to go, and the people there clearly embody the word "philoxenia," which means "love of the foreign." The largest of the Greek islands, Crete, attracts a lot of foreign residents because of its 300+ days of sunshine per year, charming mountain villages, lively cities, and coastal towns. The island is thought to be quite safe, with very little crime, allowing residents to enjoy the famous Raki, honey, and other Cretan delicacies without fear. The Samaria Gorge, a national park with numerous walking paths, is located in Chania. The beaches of Crete are regarded as some of the best. In Chania, detached three-bedroom homes with private pools start at about €250,000.

Final thoughts

After reaching historic lows, real estate prices are already increasing. The Greece Golden Visa program, a residence-by-investment initiative launched by the Greek government in 2013, is partially to blame for the appreciation. The market was also boosted by the 2019 elections and the liberal economic policies of the new administration. Prime Minister Mitsotakis wasted little time in implementing the necessary policies to draw in foreign capital.

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