Real estate in Greece: affordable prices and the opportunity to get a Golden visa

Despite the pan—European price increase, housing in Greece remains relatively affordable - and this is one of the main advantages for foreign investors considering obtaining a Golden Visa.

Over the past 15 years, property prices in Greece have increased only by 4.2%. This is a modest figure compared to other countries in the region: in Israel, the growth was about 150%, in Portugal — 140%, and in Germany and the UK — 77% and 65%, respectively. The economic crisis of 2010-2015 had a significant impact on the market, reducing average prices by almost 45%, and in large cities such as Athens and Thessaloniki, the drop exceeded 50%.

Since 2017, the market has started to recover, and today the cost of housing in Greece has returned to the level of 2009. This means that it is still possible to purchase property in Greece at a favorable price, especially compared to other EU countries.

What is especially important is buying property starting from 250,000 euros opens the way to obtaining a Greek Golden Visa, which gives the right to a residence permit in the country, as well as free movement in the Schengen area. In addition, Greece offers attractive tax benefits for residents and investors.