Your Guide to Greece’s Real Estate Boom

In recent years, Greece has quietly become one of Europes most exciting real estate markets. What was once a struggling post-crisis economy has transformed into a booming hub for tourism, investment, and global interest.

With affordable prices, high rental yields, and the Golden Visa program offering residency through property purchase, Greece is attracting investors from around the world. Whether you're looking for a vacation home, rental income, or EU residency, now is the time to consider Greek real estate.

This guide walks you through the key drivers of Greeces property boom, where to invest, and how to get startedespecially with expert support from companies like Roots Realty.

1. Whats Fueling Greeces Real Estate Boom?

? Economic Recovery

Greece's economy has rebounded steadily since its debt crisis. Foreign investments, tourism growth, and infrastructure projects are stimulating long-term real estate demand.

? Golden Visa Program

Since 2013, the Greek Golden Visa has allowed non-EU citizens to obtain residency by investing just 250,000 in real estateone of the most affordable visa thresholds in Europe.

?? Tourism Surge

With over 30 million tourists annually, Greece has a constant demand for vacation rentals, making real estate especially profitable in hotspots like Athens, Crete, and Santorini.

? Low Property Prices (But Rising)

Compared to other European capitals, Greek property remains very affordable, with room for appreciation. However, prices have been rising steadily, especially in top locations.

2. Golden Visa: The Investors Shortcut to EU Residency

One of the biggest reasons for the boom is the Golden Visa Program, which includes:

• Residency for you and your family (spouse, kids under 21, and parents)

• Visa-free travel in the Schengen Zone

• No minimum stay requirement

• Renewable every 5 years

• Eligibility for Greek citizenship after 7 years of residency

Roots Realty specializes in helping investors find Golden Visa-approved properties and managing the entire application process smoothly.

3. Where Are the Hotspots to Invest?

Greece has many promising regions, but here are the top-performing areas:

?? Athens: Historic and Modern Appeal

• Perfect for short-term rentals (Airbnb)

• Affordable city-center apartments from 150,000

• Popular areas: Koukaki, Glyfada, Pangrati, Kolonaki

?? Thessaloniki: Cultural and Student Hub

• Lower property prices

• Strong demand from students and professionals

• Properties from 100,000180,000

• Rising tourism and nightlife boost rental potential

?? Crete: Island Life and High Rental Yields

• Chania and Heraklion are in high demand

• Villas and apartments near the sea

• Great for summer rentals and retirement

? Kalamata & Peloponnese: Hidden Gem

• Coastal charm and peace

• Ideal for digital nomads and families

• Low-cost properties from 100,000

• High long-term appreciation potential

4. Whos Buying in Greece?

The market is popular with:

• Middle Eastern investors seeking visa access and stable EU assets

• Chinese families taking advantage of Golden Visa for education and travel

• European retirees looking for low-cost, sunny lifestyles

• Digital nomads and freelancers relocating to affordable, scenic areas

• First-time investors looking for rental income or second homes

This wide appeal ensures strong, consistent buyer demand, making it a robust and growing market.

5. What Kind of Properties Are Best to Buy?

For investors, the most attractive property types are:

? City Apartments

• High demand from tourists and locals

• Great for Airbnb and long-term leases

• Easy to maintain, quick to rent

? Island Villas or Holiday Homes

• Ideal for seasonal rentals

• High rates during summer months

• Potential for personal vacation use

? Renovated Traditional Houses

• Great for charm and uniqueness

• Appeal to tourists seeking local experience

• Often available at lower prices

? New Developments

• Turnkey properties

• Low maintenance

• Energy efficient and modern designs

Roots Realty provides a mix of all these types, including off-market deals and visa-approved units.

6. Is It Safe to Invest in Greek Real Estate?

YesGreeces legal system protects property rights and is open to foreigners. Still, its essential to:

• Work with a registered agency like Roots Realty

• Hire a qualified bilingual lawyer

• Ensure the property has clean title and proper permits

• Understand taxes and annual fees

With professional guidance, investing in Greece is safe, transparent, and profitable.

7. What Are the Costs Beyond Property Price?

Besides the property purchase, plan for:

One-Time Costs:

• Transfer Tax: ~3%

• Notary + Legal Fees: 2%3%

• Agent Fee: ~2% (covered by buyer or seller)

Ongoing Costs:

• Annual ENFIA property tax (depends on value and location)

• Maintenance or HOA fees

• Rental management fees (if applicable)

Roots Realty offers full cost breakdowns and can even help you calculate expected ROI before you buy.

8. Rental Income & ROI Potential

Depending on the location and strategy, investors can earn:

• 4% to 9% annual rental yield

• Higher returns in tourist hotspots during peak seasons

• Long-term tenants for consistent income in cities

Many investors opt for short-term rentals in summer and long-term leases in winter to maximize returns.

Roots Realty also offers property management servicesso you earn income with minimal effort.

9. How to Get Started

The process is simpler than you think. Here's a quick roadmap:

1. Consult Roots Realty to discuss your goals and budget

2. Review listingsin person or virtually

3. Secure your Greek Tax ID (AFM)

4. Open a local bank account

5. Sign a purchase agreement

6. Complete the property transaction with legal support

7. Apply for the Golden Visa (if eligible)

8. Start renting or enjoying your new home!

Roots Realty guides you every step of the way.

Wrap-Up

Greece's real estate boom is no longer a secret. From low entry prices and high returns to lifestyle upgrades and EU residency, it offers a rare combination of value and opportunity.

Whether you're a new investor, looking for a second home, or seeking visa freedom, the Greek property market has something for you. And with trusted experts like Roots Realty, investing in Greece is no longer a complex taskits your next smart move.