Resort real estate in Greece: high income and a chance to get a residence permit

Investing in holiday homes in Greece has become particularly profitable in 2024. According to market data, prices for modern villas by the sea, for example, in the area of Rethymno, have increased by almost 17% over the year. Owners of such facilities earn up to 480 euros per night for short-term rentals, especially if the property has panoramic views, a swimming pool and convenient access to infrastructure.

Resort real estate is becoming not only a source of stable income, but also a way to apply for a "golden visa" to Greece. Upon purchase of an object in the amount of 250,000 to 500,000 euros (depending on the region), the investor receives the right to a residence permit, free movement within the countries of the Schengen Agreement, as well as the opportunity to apply for citizenship in the future.

The growing interest in Greek villas from Europeans, Americans and residents of the Middle East continues to push the market up. New houses with two or more bedrooms, high-quality construction and a good location by the sea are especially appreciated.

The growth potential of resort property prices, combined with the advantages of the residence permit program, makes investments in Greece one of the most attractive in the European market.

According to ekathimerini