Residential Properties in Greece – Houses & Apartments
Greece’s residential real estate market offers a unique combination of cultural charm, modern infrastructure, and investment potential. Whether you’re seeking a coastal retreat, a city apartment, or a countryside home, the Greek market has a broad range of options to meet the needs of both domestic buyers and international investors.
Why Invest in Residential Properties in Greece?
The Greek property market has shown consistent recovery and growth over the past few years, especially in major urban centers like Athens and Thessaloniki.
Government incentives, the Golden Visa program, and the steady increase in tourism have significantly influenced demand for residential homes.
At the same time, low property taxes compared to other EU countries make Greece an attractive destination for homeownership.
Types of Residential Properties
1. Urban Apartments
Apartments in cities like Athens and Thessaloniki are highly sought after for their convenience, access to services, and potential for rental income. Modern apartments, often located in central districts or near transport hubs, are ideal for young professionals and investors looking for stable returns.
2. Detached Houses & Villas
Detached homes are found in suburban areas or on the islands, offering more space and privacy. Many properties include gardens, pools, or views of the sea. These are perfect for families or those seeking a second home in a serene environment.
3. Traditional Houses
In historical towns and villages, buyers can find stone-built houses with preserved architectural features. While these homes often require renovation, they provide authenticity and a strong sense of local culture.
4. Newly Built vs. Resale Properties
New developments in urban areas and tourist destinations offer modern amenities, energy efficiency, and smart-home features. Resale properties, on the other hand, may offer better prices and larger spaces, but might require renovation.
Popular Locations for Residential Properties
- Athens: Central areas like Kolonaki, Pangrati, and Koukaki offer high-end apartments with views of the Acropolis. The southern suburbs (Glyfada, Voula) are popular for modern seaside living.
- Thessaloniki: The city center remains a hotspot for urban apartments, while areas like Panorama or Kalamaria provide spacious homes with sea views.
- Greek Islands: Santorini, Mykonos, and Crete attract international buyers for holiday homes or rental investment properties.
- Mainland countryside: Peloponnese, Epirus, and Northern Greece have hidden gems for those seeking quiet rural living.
Key Considerations Before Buying
Legal Framework
Buyers should ensure that the property has clear title deeds and complies with building regulations. Using a legal advisor is essential.
Financing & Taxation
Foreign buyers can now access local mortgage services. Additionally, real estate transfer taxes and annual property taxes are relatively low in Greece.
Purpose of Purchase
Define whether the property is for personal use, long-term residence, or short-term rental investment. Each purpose influences location, size, and type of property to consider.
Property Inspection
Always conduct a technical inspection to check for structural issues, moisture problems, or unauthorized extensions.
Benefits of Working with Greca House Real Estate Agency
Collaborating with an experienced agency ensures access to verified listings, local market insights, and assistance with bureaucracy. At Greca House, we specialize in matching clients with ideal homes, providing full-service support from property search to legal completion.
- The Rental Potential: For those considering investment, the Greek rental market is active year-round, especially in tourist zones and university cities. Short-term rentals via platforms like Airbnb offer significant returns in central Athens and Thessaloniki.
- Sustainability Trends: Energy-efficient buildings, solar installations, and sustainable materials are gaining popularity in the Greek real estate market. Many new projects now include A+ energy class certifications, appealing to environmentally conscious buyers.
Whether you’re relocating, investing, or searching for your dream home, Greece offers a wide range of residential properties with strong lifestyle and financial appeal. From city apartments to island retreats, the opportunities are vast.
With the right guidance and local expertise, buying a house or apartment in Greece can be a seamless and rewarding experience.
If you are looking for a new business real estate, check here: Commercial Properties in Greece