Investing in property in Cyprus: pros, legal aspects, taxes

Greece has always been associated with natural beauty, rich culture and unique history. But now, as the world is becoming increasingly globalised, property in Greece is becoming not just a status element, but one of the most promising investments. The economic crisis of 2008 made property prices affordable and 2024 has become a turning point for those looking to invest profitably. Against the backdrop of a growing economy and improving infrastructure, property in Greece in 2024 promises to be a real financial treasure trove.

The article will give a lot of useful information for those who want to buy property in Greece.

The best cities to buy property in Greece

Buying a home in Greece always raises a lot of questions: which cities are the most attractive, what you should pay attention to, and what are the peculiarities of the property market in each region. Each location offers its own unique lifestyle, investment opportunities and level of affordability.

Athens – the heart of Greece and an investor’s dream

Athens is not just the capital city, but also the cultural and economic centre of the whole of Greece. Its historical charm, modern renovations and growing economic attractiveness make Athens one of the most promising locations for investment. In recent years, residential prices in this location have shown strong growth. Between 2018 and 2024, the price per square metre in the central districts increased by 25-30%, indicating increased interest from both foreign and local buyers.

The best places to buy property in Greece are Plaka, Kolonaki and Pangrati. Here, ancient buildings neighbour with modern apartments, and investments in renovation can bring significant profits. Infrastructure also keeps pace: the metro, new parks and modern public spaces attract young people and professionals, which has a positive impact on rental income.

Property prices in Athens, Greece vary depending on the area: in the centre the cost can reach €3500 per square metre, while in the suburbs it can be around €1800.

Thessaloniki – urban charm and great deals

Thessaloniki, the second largest city in the country, offers a unique combination of an active urban lifestyle and a cosy atmosphere. It has become attractive for young professionals and families due to its developed infrastructure and many educational institutions. Start-ups and small businesses are actively developing here, making the rental market active and stable.

The average cost of housing is about 2000 euros per square metre, which is noticeably lower than in Athens. At the same time, rental yields remain high, especially in areas close to universities and business centres. Buying property in Thessaloniki in Greece is a wise choice, which can bring an income of 5% to 8% per annum. The economic benefits are combined with a high quality of life: wide promenades, restaurants with traditional cuisine and an active nightlife make this location truly vibrant.

Corfu – island villas and a sea of opportunities

Corfu is not just a holiday island, it is one of the best places to buy property in the Greek islands. Surrounded by olive groves and stunning seascapes, the villas attract those seeking tranquillity and privacy. In recent years, the island has also become an investment destination due to the growing tourist traffic and the popularity of short term rentals.

Prices for villas in Corfu Greece range from €4,000 to €6,000 per square metre, depending on location and proximity to the sea. Thanks to the booming tourist sector and the popularity of renting through platforms like Airbnb, investments here pay off faster than in other parts of the country.

What kind of property to buy in Greece: villas, flats, flats

The Greek Islands offer a wide range of accommodation, from luxury villas with swimming pools and gardens to cosy apartments. Island life appeals to those who are tired of the hustle and bustle of the city and want to enjoy nature. For those looking for something more budget-friendly, flats are also a great choice, especially in the tourist areas.

Villas offer ideal conditions for living and relaxing: large areas, private territories, proximity to the sea. However, their cost can reach 5000-7000 euros per square metre. Houses in Greece are more affordable, with prices between 2500-4000. Apartments, on the other hand, are often located in apartment complexes with common recreational areas, making them ideal for renting out.

Residence permit in Greece through the purchase of property: possibilities and peculiarities of obtaining a residence permit

A real opportunity not only to enjoy life in this wonderful country, but also to travel freely in the Schengen area. In order to obtain a residence permit, it is necessary to purchase a residential property worth at least 250,000 euros. The process of registration includes several stages:

1. Buying a property – you need to find a property in Greece that meets the requirements for a residence permit.
2. Documents – passport, sales contract, insurance policy and medical documents.
3. Filing – once purchased and all documents have been completed, filing is done through the Greek Migration Office.
4. Obtaining a residence permit – after verification of documents and approval procedure.

The process takes from three to six months, depending on the complexity of the situation. The acquisition entitles you not only to a residence permit, but also to reside in the country with the possibility of renewing the status every five years. This is an excellent opportunity for those seeking stability and access to European markets.

Conclusion

Buying a property in Greece in 2024 is a good idea. Athens and Thessaloniki are suitable for those who want to invest in an urban lifestyle with active rentals, while Corfu and other islands are suitable for those looking for privacy and high income from tourism.

The Mediterranean jurisdiction is not just a country with a rich history, a mild climate, and a sea breeze, but a state that offers not only comfortable living conditions but also full integration into the European community. Therefore, the question of how to obtain Greek citizenship in 2025 is more relevant than ever. Especially against the backdrop of a stable economy, a stable legal system, and a growing interest in the Greek passport.

But becoming a resident is not just about submitting an application. It is a whole system of requirements, deadlines, foundations, and legal procedures. Some methods are open to everyone, others are only available in exceptional cases. And if you understand the logic, the sequence, and the nuances, the process no longer seems insurmountable.

How to Obtain Greek Citizenship: Key Paths in 2025

Currently, there are several legal ways to obtain Greek citizenship, each regulated by separate conditions. The choice depends on origin, place of birth, family circumstances, length of residence, and degree of involvement in Greek society. Below are ways to obtain citizenship:

• by naturalization — the most common option for those who have legally resided in the country for at least 7 years;
• by marriage — possible with an official union with a resident and cohabitation for at least 3 years;
• by birth — relevant for children born on the state’s territory from parents with a residence permit;
• by repatriation — suitable for those with Greek roots who can prove it documentarily;
• by investments — an indirect method involving participation in the economy and long-term residence;
• by special merits — only available in exceptional cases at the state’s initiative.

Each path has its own nuances, but the essence is the same: you must either be born with the right to a passport or earn it through years, actions, or origin.

Citizenship by Naturalization: a Stable and Accessible Option

Learning how to obtain Greek citizenship through naturalization remains the most common and regulated legal path. In 2025, this is possible after 7 years of uninterrupted legal residence in the country. The applicant must demonstrate their integration: learning the language, paying taxes, obeying the laws, and participating in social life.

The key stage is the exam (written test on language, history, constitution, and state structure knowledge). Income, source of funds, housing, and the absence of criminal records are also evaluated.

Greek Citizenship through Marriage: Simplification in Family Ties

If you are in an official marriage with a resident, you have the right to apply after 3 years of cohabitation. You must provide evidence of cohabitation, joint ownership, and preferably having children.

Citizenship through marriage is not automatically guaranteed. It is only granted in genuine relationships that are not formal. The scrutiny is thorough, especially in cases of suspected sham marriages.

Greek Citizenship by Birth and Repatriation

If a child is born on the country’s territory but their parents are foreigners, they can obtain Greek citizenship if at least one of the parents has legally resided in the country for at least five years.

A separate case is repatriation — when someone can directly prove their Greek descent. In this case, the procedure is significantly simplified: long-term residence or exams are not required, but it is necessary to prove your descent documentarily. When considering how to obtain Greek citizenship, repatriation is one of the most direct and fast ways with confirmed roots.

Through Investments and Merits: Exceptions, Not the Rule

Contrary to popular belief, Greek citizenship through investments is not directly granted. A “golden visa” entitles to a residence permit upon purchasing real estate starting from 250,000 euros, but obtaining a passport this way requires not only residence but also full naturalization.

Another option is Greek citizenship for special merits. This is very rare and only possible at the state’s initiative (significant contribution to science, sports, culture, or strategically important areas).

Which Documents Are Required?

The document package depends on the basis on which the application is submitted. To understand how to obtain Greek citizenship, it is important to start with a basic set of documents required when submitting the application. Let’s look at the main documents essential for the process:

• valid passport;
• birth certificate;
• proof of legal residence (residence permit, permanent residence permit, registration);
• proof of no criminal record;
• proof of income or employment;
• marriage certificate (if applicable);
• documents on descent (in case of repatriation).

The documents must be translated into Greek, notarized, and submitted in the required format. The processing speed directly depends on the correct submission.

How to Become a Citizen of Greece: Timelines, Exam, and Possible Rejections

After submitting the application, the process, depending on the basis, can take from 6 months to 2 years. It all depends on the system’s workload, the completeness of the package, and the need for additional checks.

In naturalization, a mandatory step is the exam. A personal interview may also take place. It is important to clarify in advance whether dual nationality is allowed to prevent legal conflicts between countries.

Citizenship can be denied for unpaid criminal offenses, providing false information, document forgery, sham marriages, or debts to the state. Therefore, when understanding how to obtain Greek citizenship, it is important not only to meet the requirements but also to address the reasons for possible rejection.

Financial Costs

Obtaining citizenship requires payment of administrative fees, legal services (if using a representative), as well as costs for document preparation and translation. Below are the main cost items that need to be considered in advance:

• government fees for submitting the application;
• translation and legalization of documents;
• legal guidance or advice;
• obtaining statements, apostilles, notarial acts;
• possible costs for exam preparation.

The total costs are rarely less than 1000 euros for self-submission and can range from 3000 to 5000 euros when involving lawyers or brokers.

How to Obtain Greek Citizenship and Not Get Lost in Details

So, how can you obtain Greek citizenship in 2025? Choose the basis that suits your situation: naturalization, marriage, descent, merits. Prepare the documents, learn the language, prove your connection to the state, and meet the requirements.

The Greek passport is not just a document but the result of a systematic approach and patience. And if you act without haste, respecting the rules, the path to citizenship will not be a trial but a natural continuation of your life in the country.