Greece has long been a popular destination for property buyers. For some, buying a property in Greece is a way to enjoy the pleasant climate, rich culture, delicious food and beautiful beaches of this country for a long time, and for others, it is an attractive opportunity to invest in a tourist country where the rent price, It has increased by more than 12% in just one year. One of the most important benefits of buying a property in Greece is receiving a golden visa and residence permit in Europe; Therefore, investing in Greek real estate will be a special opportunity for you, provided that you do enough research to get a golden visa before doing anything. In this article, we give you information about the average house price in Greece, the most expensive and cheapest areas in Greece to buy property, buying property in Greece with Iranian money, and the steps to buy property in Greece. We will also introduce the regions that have attracted the most international investors since 2017.
What is the average house price in Greece?
The average house price in Greece in 2024 is $492,000. While the average price of an apartment in Greece is $196,000 and the total price per square foot (every 10 square feet is 1 square meter) to buy a property in Greece is $246. The price of buying property in Greece has increased significantly in recent years and we have seen unprecedented prices in 2024. Undoubtedly, the strengthening of the Greek economy and the increase in demand, both from Greek buyers and from foreign investors with the motivation of receiving a Greek golden visa, are among the most important factors affecting house prices in Greece. In 2024, the price of buying a house in Greece is higher than in Italy and Spain. Nevertheless, the price of a house in Greece is still cheaper than the price of buying a house in Portugal and France. The average price of a house in Greece is 2408 euros per square meter, which means that the price of a house with an average size of 481.6 thousand euros and the price of an apartment with an average size of 180.6 thousand euros. To know the living conditions in Greece and check 0 to 100 life in Greece, stay with Stargate Institute.
The most expensive and cheapest areas to buy property in Greece
The most expensive areas to buy a house in Greece are the Aegean islands, which include many popular islands such as Mykonos and Santorini. The house price in Greece in these islands in 2024 is 3008 euros per square meter. For example, a 200 square meter house will cost about 601.6 thousand euros and a 75 square meter apartment will have a price of about 225.6 thousand euros. The reputation of the Greek islands as a suitable place for vacations among foreigners and the residence of famous people who have purchased property in Greece is one of the main factors that increase house prices in Greece.
The Attica region, where the metropolis of Athens, the capital of Greece, is located, has the second highest house price in Greece. The price of a house with an average size in this area is 575.2 thousand euros and the price of an apartment in Athens, Greece for an apartment with an average size of 75 square meters is 215.7 euros. Therefore, the price of each square meter in the attic is 2876 euros.
The third place for house prices in Greece in 2024 will be given to the Ionian Islands. The price of a 200-meter house in these islands in 2024 is about 452.6 thousand euros, and the price of an apartment with an average size of 75 meters is 169.7 thousand euros.
The most affordable area in terms of house prices in Greece is the province of Thessaly with an average price of 1,210 euros per square meter. With this calculation, the price of an average-sized apartment is 90.8 thousand euros and the price of an average-sized house in Thessaly is 246.6 thousand euros.
– The property price in Greece based on the region (the prices are in euros and related to 2024.)
Source: Indomio website
How much is the average price of buying a property in Greece in Iranian money?
According to the house price table in Greece, by comparing the prices of the cheapest and most expensive areas of Greece, it can be said that the price of buying a house in Greece in Iranian money in March 1402 is between 72 and 180 million tomans per square meter. Of course, one thing you should keep in mind is that due to the effect of the exchange rate on the purchase of property, if you choose banks and institutions that offer you a lower rate, the final price will be much lower for you. It should be noted that if your budget is not enough to buy a property, it is also possible to obtain a residence in Greece by renting a property.
Best areas to live in Greece
Living near the sea or living in the middle of a busy city; Which one is more attractive to you? Due to the high climate diversity of Greece, with hundreds of islands and a land of mountain villages, you have many options to choose from. Athens, Corfu, Crete and Thessaloniki are the most popular among foreign buyers. The list of the best Greek cities to live in is as follows:
Athens
With its blue beach and mountain scenery, Athens is the most popular city among foreign investors. The low price of the property compared to other European cities, along with the short-term and profitable rental, are the most important factors in the increase of foreign property buyers in this city. Popular neighborhoods of the Greek capital include Plaka, Kolonaki, Syntagma, Monastiraki and Siri. The average price per square meter of real estate in Athens is between 2,500 and 5,000 euros, and the average price of buying an apartment in Athens is between 200,000 and 500,000 euros.
Thessaloniki
Thessaloniki, the second largest city in Greece, also called the northern capital. The average price of buying a house in Thessaloniki is 1,927 euros per square meter, and the average price of buying an average apartment is over 140,000 euros.
Popular Islands
Choosing Greece to buy a home means that you will be surrounded by the pristine and green nature of this country, especially if you have chosen the islands of this country to live. So let’s take a look at the islands that are popular destinations for property buyers in Greece:
Mykonos:
The island of Mykonos, which is one of the most beautiful islands in Greece, is located among the islands of Tinos, Syros, Paros and Naxos. You can choose the property you want from among the many options available on this island.
A three-bedroom villa in the north of this island costs about one million euros.
A five-bedroom villa with a pool and sea view costs around 2.5 million euros.
A six-bedroom villa with access to the sea costs about 5 million euros.
Santorini:
The island of Santorini, with its views of the Aegean Sea, is a paradise for real estate investors; Especially those who plan to live in Greece. The cost of living and property prices on this island are reasonable. The cost of each square meter in the center of Santorini is about 4000 euros and the price of each square meter in other areas of the island is about 2800 euros.
Corfu:
Corfu has many properties to buy. This island, located in the Greek sea, is one of the most beautiful Greek islands. The price of each square meter in the center of this island is about 2000 euros and the price of each square meter in other areas of the island is about 1400 euros.
Crete:
Crete is the largest Greek island and a collection of wonderful beaches. The purchase price of each square meter of property on this island starts from 1150 euros.
Naxos:
Naxos is the greenest and largest island among the Cyclades archipelago in the Aegean Sea. If you are thinking of buying a property in Greece and you want to surround yourself with wonderful views of the Aegean Sea, this island is the right choice for you.
Paros:
Located to the west of Naxos, Paros has many luxury villas and detached houses to buy. The purchase price of each square meter in the center of Paros starts from 2,000 euros and in other areas of the island from 2,500 euros.
Antiparos:
Antiparos, which is located near the island of Paros, is not as crowded as other Greek islands. If you are looking for relaxation in the Greek islands, this island can be the right choice for you.
Zakynthos:
This island, which is one of the summer residences of Greece, is famous for beaches such as Agios Nikolaos and Alikanas.
Milos:
Famous for its burgers and interesting lifestyle, this island can teach you a lot about the history of Greece. The price of each square meter in the center of this island is around 1,500 euros, and the price of buying a house in other areas starts from 1,300 euros per square meter.
Redes:
This island offers you a combination of modern and traditional life and can be a suitable option for any investment with any lifestyle. The price of each square meter in the center of this island starts from 3000 euros and the price of other areas starts from 2500 euros.
Steps of buying a property in Greece
If you intend to buy a property in Greece, we suggest that you review the steps of buying a property in Greece below. Also, if you need advice on staying in Greece by buying property, Stargate immigration consulting company will be by your side during the process of choosing and buying property and obtaining a golden visa, so that you will have a memorable experience of investing and living in Greece. figure out To get more information about us, you can contact us through the free phone number 02172265.
Doing Adequate Research
The first thing you should do is determine the type of property you want to buy. You have many options from apartments, villas and houses to choose from. For example, at first glance, there may not be a big difference between a villa and a house, but a villa is basically a large and luxurious house that may be located in the city or outside of it. Villas are usually only used for vacations, but a house is a building that is used for permanent residence. Villas are usually significantly larger in size than regular homes, with more bedrooms and bathrooms and often built on larger lots. By checking the price of villas in Greece, we find that Greek villas are usually more expensive compared to houses of the same size. Being in touch with real estate advisors can also be of great help in doing research related to buying real estate. If you need help with obtaining a residence permit through the purchase of a property, you can speed up your immigration process by filling out the Greek visa eligibility check form on the Stargate website.
Visiting the selected property or properties
After choosing the property you want, if possible, travel to Greece as soon as possible and check the environment and facilities of the property closely and carefully. A local guide can help you save time and money by guiding you along the way.
Choosing the desired property
After visiting all the properties on your final list, it’s time to choose the best and most suitable option. If you are not sure enough about your decision, you can visit again. For more certainty, you can hire a lawyer to handle the legal process of buying a property.
Negotiating the price
Be aware of your budget and offer an amount that fits your budget and is reasonable. Consider things like the exchange rate, the possibility of getting a loan, and so on. After negotiating and determining the final price, you are halfway to buying a property in Greece.
Reserve the property Reserve the property
by prepaying a small amount to the seller to confirm the purchase of the property. After depositing this amount, which is usually ten percent of the total price, you will receive your initial contract. Do not pay any amount or sign any document without consulting your lawyer.
Draft Final Document
Once your attorney has reviewed all regulations, taxes, and liens, you will receive a copy of the contract from the seller. You should also refer to the notary for the final draft. After signing the document, the document will be registered in the official notary offices.
Obtaining a tax number
The Greek tax number is called an AFM and you will receive it after you have received your Greek residence permit. Finally, after going through the above steps, deliver the contract documents to the mortgage registration office.
Greece, a country with a pleasant climate, has become a destination for investors who want to get a golden visa by buying real estate . As a result of attracting the attention of investors in recent years, house prices in Greece have been continuously increasing. The National Bank of Greece predicts that the average house price in Greece will increase by 7% in 2024. Also, between 2025 and 2030, house prices in Greece are expected to increase by 5% every year. While prices in some Greek cities and certain islands such as Santorini are typically high, there are still good options for buying a house in Greece on other islands and on the outskirts of cities. One- and two-bedroom apartments are the most sought-after properties for foreign investors to invest in. If you need help in choosing and buying your desired property in Greece, or if you have questions about the price of a house in Greece, Stargate Immigration Company with 13 years of experience is at your side to make your investment in Greece a comfortable and enjoyable process. . You can fill out the contact form to contact us.