Real estate investment in Greece
The sale of real estate is not limited in Greece: foreigners can buy and sell housing and commercial real estate and rent it out.
Statistics confirm the liquidity of investments: residential real estate prices grow by an average of 1,2% every quarter. Five years ago, an apartment of 100 m² cost an average of €150,000, and today it is sold for €185,000.
€1,848
Average price per 1 m² of housing in Greece
€250,000
Minimum investment amount to get a residence permit
5—11%
Buyers’ related expenses, of the transaction amount
How the residential property price index is growing in Greece
Cost of a 3-bedroom apartment in Greece
€2 million
Apartment in a prestigious area of Athens or its suburb
€500,000
Apartment with a sea view, 2 km to the beach
€200,000
Apartment in the suburbs of Nicaea
Real estate in Greece for investment
Greece, Mykonos
180 m²
Greece residence permit or citizenship by real estate investment
Investors can get residence permits by real estate investment if they participate in the state Greece Golden Visa Program. The program condition is to buy a property worth at least €250,000. The apartments described above are suitable for obtaining a residence permit under the program.
A residence permit is valid for 5 years. Living in Greece to maintain a residence permit is not necessary. However, after 5 years of permanent living in Greece, you can obtain permanent residence and apply for citizenship after another two years.
An applicant for Greece citizenship must spend at least 183 days a year in the country for seven years, confirm integration into society, have no criminal records or deportations, and pass language history and culture exams.
Taxes and associated costs
Check if real estate in these countries suits your goals
The selections include only verified real estate projects from reliable developers. Purchasing these properties may bring you a residence permit or even citizenship.
Malta11 properties
€300,000+
Permanent residency
6+ months
Show 11 properties
Grenada18 properties
$270,000+
Citizenship
8+ months
Show 18 properties
UAE103 properties
AED 750,000+
Residence permit
2+ months
Show 103 properties
Spain35 properties
€500,000+
Residence permit
5+ months
Show 35 properties
Portugal68 properties
Not limited
Residency after D Visas
6+ months
Show 68 properties
Show all countries40+ guides on European countries
Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.
Material prepared by Igor Buglo, Head of the Maltese office, MBA