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Why Property Investment in Greece is a Great Idea in 2024
Buying an Investment Property
Property investment is our business. And we are very good at it. We are a team of experts who can guarantee that all your personal needs are well cared for with a smile.
All you have to do is express your wishes and preferences, and we will make sure we find the right property that ticks all the boxes. With our extensive experience and our vetted network of trusted partners, such as lawyers, accountants, etc., we are able to provide you with advice for anything you think of placing your money on, from retirement properties and holiday homes to luxurious villas and multi-million Euro hotels.
Our agency has successfully been operating in the Greek real estate market for more than 20 years now. The numerous testimonials of past clients prove our commitment to excellence and the fact that we deliver what we promise. Smart property investment is our differentiator.
What Makes Greece An Excellent Property Investment Destination?
Greece is a unique country renowned worldwide for its natural beauties, rich history, warm and friendly people, exceptional hospitality, mild climate, highly skilled workforce, and exciting investment opportunities in many fields. It is characterized by deeply rooted values that have been dominant since ancient times and up until today. It has never ceased to be a magnet attracting investors from around the globe and still is today. Maybe more than ever.
Here are the main reasons for which Greece attracts foreign buyers:
Location
Greece holds a particularly strategic location at the Northeastern part of the Mediterranean Sea. It is a crossroads between Europe, Asia, and Africa. It is easily accessible by most parts of the world, and its EU membership offers a host of advantages.
On top of that, the country has amazing geographic diversity, ranging from coasts and islands to mountains, lush forests, rivers, and lakes. There is a natural wonder for any given taste. Greece’s coastline is the longest in the Mediterranean, featuring many blue flag-awarded beaches.
Affordable Prices and a Charming Way of Life
In terms of property investment and cost of living, Greece has competitive prices compared to the rest of the Mediterranean and other European countries. Especially if you plan to invest in (a) holiday home(s) for rental purposes, keep in mind that high-quality properties in attractive locations, such as Corfu, have a high rental potential and can turn attractive yields.
In addition, the country has a charming lifestyle and a laidback atmosphere. There are endless entertainment options, the food scene is one of the best in the world, and culture is everywhere around you. The public and private healthcare systems are developed, education is of high quality, and English is widely spoken by the vast majority of the population, so foreigners will feel at home from the beginning. Plus, it is a very safe country to live in, since crime rates are amongst the lowest in all of Europe.
Modern Infrastructure
Greece’s infrastructure is developed and favors property investment activities for both locals and foreigners.
Recently, the country’s road network has undergone significant improvements. The main arteries that run the country from south to north and from west to east (like the Egnatia Highway, which connects the port of Igoumenitsa at the coast of the Ionian Sea with Alexandroupoli, near the Turkish border) are ultra-modern. At the same time, secondary and inter-provincial roads have also been improved for the safety of citizens and visitors.
Being a traditionally seafaring nation and boasting hundreds of islands, Greece has more than 140 seaports, 16 of which are international. The biggest one is the Port of Piraeus (which is among the busiest ones in Europe, with an important passenger and cargo capacity), followed by the ports of Thessaloniki, Patras, and Igoumenitsa.
In terms of air transfers, Greece has 44 airports. Fifteen of them are international, 25 serve domestic flights, while four are municipal. Upgrade works are currently underway for many of them, while there are also provisions for constructing new airports.
Last but not least, Greece has up-to-date telecommunications, with many providers offering landline, cellular, and Internet services. Broadband Internet is widespread all over the country, allowing investors to continue their business activities without obstructions.
The Unique Case of Greece’s Islands for Property Investment
The Unique Case of Greece’s Islands for Property Investment
If you are thinking of investing in property at a cosmopolitan, one-of-a-kind island that can offer all modern amenities, a rich culture, and exquisite experiences that transcend people and time, then look no further than Greece!
Greece is renowned for having some of the most famous islands in the Mediterranean, each offering a unique atmosphere and charm. These islands captivate with their natural beauty, crystal-clear waters, and breathtaking landscapes. Their rich history, vibrant culture, and easy access to the sea, combined with a lively, laid-back lifestyle, make them especially attractive. These features also appeal to yacht enthusiasts and those who appreciate fresh Mediterranean cuisine. Among the most desirable spots are paradises like Corfu, Paxos, Mykonos, Santorini and Meganisi, known for their pristine beaches and serene environments.
Corfu, the „Grand Lady of the Ionians“ stands apart. Situated at the western point of Greece, it is conveniently located close to Italy. Its international airport allows you to connect with most European capitals in 3 hours of flight, at a low cost of travel. It combines a lively, upbeat capital with quaint, small villages that open a window to the island’s lifestyle in the past. It steams with culture at literally every corner, and Corfiots have a long-standing tradition in the arts.
Corfu Town is a chapter of its own. Featuring Byzantine, Venetian, French, and British influences, it is a marvel for architecture lovers. It is no wonder the Old Town was declared a Unesco World Heritage Site in 2007. But the Town does not limit itself to culture and history. It has an intense nightlife, is a center of higher education (the Ionian University is seated here), boasts local and international cuisine options with award-winning restaurants, and hosts international fashion with many famous boutiques being present here. Overall, it is a vibrant island capital offering quality living all year around with its many choices and events.
And, of course, no need to bring up the island’s majestic coasts, crystal clear waters, lush greenery, and breathtaking landscapes. It is a top-tier, cosmopolitan tourist destination with more than 2 million visitors per year, many of which are celebrities and Hollywood stars. Corfu has long been a favorite of aristocrats, including the Empress Sissi of Austria, who was captivated by the island’s mild climate and unique feel. Offering a blend of history, culture, and serene landscapes, Corfu appeals to those seeking a more tranquil and refined experience.
Paxos, on the other hand, is one of the hidden gems of the Ionian Sea. Known as the „Caribbean of the Mediterranean“ thanks to the crystal-clear turquoise waters, Paxos and neighboring Antipaxos have retained their character and unspoiled beauty, all while exuding a cosmopolitan flair. The natural beauty of the island is hard to describe with words alone. Countless small coves, pristine beaches with crystal-clear turquoise waters, rugged coastlines, and olive groves covering the island’s hilly terrain create the perfect setting for relaxation and enjoyment of the serene life. Every corner of Paxos holds a new surprise, whether it’s a secluded beach or a cave waiting to be discovered.
Immersed in an atmosphere of tranquility and authenticity, Paxos is the perfect retreat for those seeking the true essence of Greece, far from the hustle and bustle of popular tourist spots. It is an artist’s paradise and the perfect place to wind down and enjoy the simple pleasures of life. Beloved by yacht enthusiasts and celebrities alike, Paxos offers a level of exclusivity and privacy that has attracted the likes of Angelina Jolie, Keanu Reeves, Julia Roberts, Pamela Anderson, and Demi Moore. The authenticity of the island and its protected development, which prevents overexploitation, ensure that property values will continue to rise over time. Additionally, the easy access from mainland Greece and Corfu makes Paxos an excellent choice for a holiday home or an investment in tourist properties. Paxos is not just a place to visit – it’s a place to fall in love with and make your own. With its history, natural beauty, and countless possibilities, this island is the ideal destination for those seeking something truly special.
Meanwhile, Mykonos, often referred to as the „Ibiza of Greece,“ provides a vibrant cosmopolitan atmosphere, renowned for its glamorous nightlife and luxurious living. Located in the heart of the Aegean Sea, Mykonos is a part of the Cyclades island group and is celebrated for its iconic whitewashed buildings, vibrant nightlife, and world-class amenities. What truly sets Mykonos apart is its ability to seamlessly blend the traditional charm of a Greek island with the modern conveniences and allure of a global jet-set destination.
One of the defining features of Mykonos is its unparalleled nightlife scene, which is among the most famous in the world. The island’s beach clubs, bars, and nightclubs are legendary, hosting world-renowned DJs and attracting celebrities, fashion icons, and high-profile visitors. Beyond its nightlife, Mykonos boasts a stunning array of beaches, each catering to different tastes and preferences. Mykonos is also famous for its crystal-clear waters and pristine sands, providing a perfect environment for water sports, yachting, and simply soaking in the Mediterranean sun.
A prime spot for luxury real estate, Mykonos offers some of the most prestigious properties in Greece. The island’s popularity as a tourist destination ensures strong demand for holiday rentals, making property investments highly lucrative. Overall, Mykonos strikes the perfect balance between modern extravagance and timeless beauty. Its international appeal, combined with its cultural richness and natural beauty, makes it an exceptional choice for those looking to invest in property or enjoy a luxurious Mediterranean lifestyle.
These islands, along with many others in Greece, cater to a broad spectrum of investors and relocators, offering varied experiences, from tranquil retreats to lively, high-end destinations. From the quiet sanctuaries of Paxos and Meganisi to the world-class elegance of Santorini and Mykonos, Greece provides properties that can meet any preference or lifestyle. Whether you seek a serene, untouched paradise for personal use, a vibrant destination for an extravagant getaway, or a location ripe for tourism-related investment, Greece’s islands offer a unique proposition.
The property market in these islands is highly versatile, with opportunities ranging from vacation homes and private retreats to commercial investments like boutique hotels, high-end resorts, and holiday rental properties. In recent years, the rise of short-term rentals has increased the potential for lucrative returns, especially in hotspots like Mykonos and Santorini, where visitor demand is constantly growing. Furthermore, Greece’s Golden Visa program has made property investment even more attractive, offering the chance for non-EU investors to obtain residency by purchasing real estate. Whether you are searching for a vibrant lifestyle, a peaceful haven, or a high-return investment, Greece’s islands present an unmatched opportunity.
Get in touch with us
Looking for property investment opportunities in Greece, or thinking of applying for a Golden Visa in Greece? Our award-winning team is highly specialized and up to the task. Give us a call or drop us an email for more information.
