03.09.2026
Buying an Off-Plan House in Greece from Abroad Explained
“How can I buy a house in Greece that is not built yet from abroad?”
That’s a very common question we receive from clients interested in buying an off-plan house.
Purchase Tips
In recent years, buying a second home in Greece has become especially popular, driven by the steady growth of the real estate market and increased interest from investors. This growth is supported by Greece's economic recovery and government incentives, making it an attractive investment opportunity. The rise of home rental websites like Airbnb and VRBO has further fueled demand. Greece offers something for every lifestyle, with a diverse range of property types including modern apartments in vibrant city centers, luxury villas on the islands, and family-friendly homes in the mainland regions. As a popular tourist destination, Greece attracts both buyers and investors seeking lifestyle benefits, strong rental income potential, and long-term appreciation. The country's warm hospitality and high quality of life further enhance the experience of owning a second home here.
Buying and managing a second home needs to be well thought-out and must come with a game plan and, of course, a trusted advisor. It’s best to take a step back to consider all the pros and cons before you take this big step forward. In this article, you will find the best advice on how to find a second home you love, whether you are looking to invest in property in Greece for personal use, investment opportunities, or both.
Introduction to Buying a Home in Greece
Greece stands out as one of the most attractive destinations in Europe for buying a second home, thanks to its unique mix of rich cultural heritage, stunning landscapes, and a warm Mediterranean climate. From the iconic islands of Rhodes and Crete to vibrant cities and tranquil villages, Greece offers something for every lifestyle. Its popular tourist destinations draw millions of visitors each year, making it an ideal location for those seeking a vacation home or a permanent residence. For foreign buyers, the Greek real estate market presents a smart investment opportunity, with steady growth in property values and strong demand for rental income, especially in sought-after areas. Whether you’re dreaming of a luxurious villa overlooking the Ionian Sea or a cozy apartment in the heart of a bustling city, Greece offers a diverse range of investment properties to suit every taste and budget. With its welcoming atmosphere and year-round appeal, Greece continues to attract buyers from around the world looking to enjoy its rich culture, natural beauty, and vibrant lifestyle.
1. Pick a Location you Love
This might seem like the simplest advice. A home in a location that you love will always be used. When choosing your second home in Greece, consider the region, whether it's the mainland or one of the islands, as each offers unique landscapes, cultural heritage, and investment potential. If you don’t love the place, you won’t visit. Popular areas for second homes in Greece include the Cyclades (such as Mykonos and Santorini), Crete, the Peloponnese, Corfu, Athens, and Thessaloniki. The Cyclades are known for luxury properties and generally have higher property prices, while the Peloponnese region is famous for its luxury resorts, authentic coastal living, and often provides better value than the more iconic islands. Crete, the largest Greek island, offers diverse landscapes and a growing real estate market, making it an attractive option for buyers. Corfu is a picturesque island ideal for those seeking a blend of Venetian and British influences. Athens boasts a diverse range of properties and a strong rental market, and Thessaloniki, Greece's second-largest city, is a vibrant cultural hub with a growing real estate market. Think about your interests, the lifestyle you want, and what you like to do for entertainment. Do you like ancient sites? Do you enjoy the beach, hiking, or golf? Do you like going out to restaurants, concerts, or museums? There’s no “right” answer, but it’s important to know what you like before you buy.
2. Think Through the Financials
Some buyers follow the logic that they should save enough until they can buy a second home with cash, but this isn’t necessarily the best choice. It is best to consult an advisor who has experience with the purchase of second homes to know the best way to act. A few considerations include the cost of the home, property taxes, and expected repairs. Buyers can access various national and international finance options, providing flexibility when securing funding for a second home. Real estate in Greece is generally cheaper than in other Mediterranean countries like Italy, Spain, or France. In high-demand tourist areas, rental yields are very attractive, making it a solid investment option. Annual property tax (ENFIA) and municipal duties (TAP) are collected from all property owners in Greece. Greece offers some tax advantages for property buyers, but there are also specific tax obligations that must be adhered to during the purchasing process. If you consider renting out your home in Greece with an estate management company, be sure to add maintenance costs to this list.
3. Look for Furnished Properties
A lot of property owners like to sell turn-key homes, and this is a win-win. Buying an already-furnished home makes life easier for both the seller and the buyer. You can also negotiate for the furnishings with your offer.
4. Think Like a Renter Would
If you wish to rent out your property, think about what a future guest might want for their visit. Investors are attracted to the Greek market due to strong rental yields and high demand for vacation rentals. The demand for vacation or long-stay rentals in Greece is high, particularly during the summer months, providing property owners with a steady income stream. Rental yields for properties in high-demand tourist areas of Greece result in very good returns. Apartments in city centers and villas on the islands are especially popular choices for renters looking for both short-term and long-term stays. They probably will like your property for some of the same reasons you do (location, view, access to the beach, etc). Beyond this, adding modern furniture and extra amenities will help bring you a better stream of income. Keep in mind that property ownership in Greece may be subject to local licensing requirements and zoning laws, especially for rental properties. As of 2024, properties acquired through the Golden Visa program are restricted to long-term leases and cannot be used for short-term rentals.
5. Don’t Buy on Impulse
Imagine you’re on a vacation to Greece. You’re enjoying the local sights, the food, the beach, and the sun. Suddenly, you are inspired to buy a house on the spot. While every purchase of a second home in Greece starts with a spark, it’s good to do your due diligence first, talk to local professionals, and make sure you are in a good financial situation to make this significant purchase.
6. Consult a Professional
Especially in Greece, it will help to work with a real estate professional. Understanding the legal procedures involved in buying property in Greece is crucial, as they can differ significantly from those in other countries. Foreign buyers are required to open a local bank account and may need to hire a notary and a lawyer to facilitate the process. All property buyers must also obtain a Greek Tax Number (AFM) and hire an independent lawyer to verify property titles and permits. Real estate in Greece is local, and agents will know local contacts, realistic prices in the regional market, and how to work effectively with third parties. The agent will help you make an informed decision on buying a second home in Greece.
Navigating the legal landscape is a crucial step when purchasing a second home in Greece, especially for international buyers. It’s essential to work with a local lawyer who understands Greek property law and can guide you through the process, ensuring all legal requirements are met. Compared to other European countries, Greece offers a relatively low cost of living, making it an ideal destination for families, retirees, and anyone seeking a high quality of life. With its rich history, vibrant culture, and breathtaking natural beauty, Greece is not only a smart investment but also a welcoming country for those looking to create their dream home in one of the world’s most attractive destinations.
7. Think about Tax Implications
Depending on your home country, your decision to get a second home will affect your taxes. Therefore, it is recommended to consult a local tax specialist to find out the implications of buying a second home on your taxes in your home country.
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