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Is it worth moving to Greece: a sober look at the pros and cons?

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The question of whether it is worth moving to Greece is heard more and more often not only among those who dream of the sea, but also among pragmatists looking for a balance between comfort, stability and the cost of living. The country is no longer just a resort: it has become a stage where the scenario of a new life is increasingly being played out – with a European background, oriental rhythm and southern flavour. Analyse below, using concrete figures and realities.

Geography of comfort: climate and ecological environment

The answer to the question of whether it’s worth moving to Greece starts with the climate. 300+ days of sunshine a year, mild winters, dry summers, with average temperatures of around +10°C in January and up to +34°C in August. Humidity rarely exceeds 70%, making even the hot months bearable.

Attica, Crete and Rhodes offer not only a comfortable climate, but also low levels of air pollution by European standards. In the Peloponnese, the level of suspended particulate matter in the air does not exceed 25 µg/m3 (according to Eurostat), which is below WHO standards.

Economic background: work and costs

To soberly answer whether it is worth moving to Greece, it is necessary to take into account the local labour market. The average salary is around €1100 per month (2024), with the minimum wage set at €910. The unemployment rate has fallen to 10.4 per cent, but regional disparities remain: Athens and Thessaloniki offer more opportunities, while islands and provinces suffer from seasonality.

Prices for basic products and services are lower than in most Western European countries. Example: a basket of 12 categories of goods in Athens (milk, bread, vegetables, meat, household chemicals, etc.) is about €170. The cost of renting a flat in the centre is from €500, on the outskirts – from 300.

Utility costs (electricity, water, internet) average €120-160.

Welfare, infrastructure and medicine

Understanding whether it is worth moving to Greece is impossible without analysing the healthcare sector. Public clinics operate according to European standards, but are often overloaded. Private medical centres offer quality services for reasonable money: an appointment with a specialist – €30-60, insurance policy – from €50 per month.

The transport network is unevenly developed. In Athens – metro, trams, buses. In other regions – emphasis on personal transport. Petrol costs about €1.90/litre.

Communication is stable: mobile internet – €10-15 for 10-20 GB, home internet – from €25 per month.

Cultural characteristics

When deciding whether to move to Greece, mentality is important. The high level of trust in society is combined with the slowness of administrative processes. Greeks value personal space, but do not avoid contacts. The style of communication is direct, emotional, but without aggression.

Integration is easier through language. Greek is not the most difficult for Slavs in terms of grammar. Mastery of English is enough at the start, especially in tourist and educational spheres.

Real estate: buying, renting and investing

Interest in buying property in Greece continues to grow. The average cost of a square metre in Athens is about €2200, in Thessaloniki – €1500, on the islands – from €2800.

The purchase of real estate gives the right to residence permit under the programme “golden visa” with investments from € 250 000. The programme is valid in Athens and Crete, while in Santorini and Mykonos the threshold is €500,000.

Investments in real estate provide yields of 4-7% per annum, especially in the short-term rental segment.

Legal aspects and long-term perspectives

Immigration to Greece requires a clear understanding of the conditions. For third country nationals, options are available on the basis of investment, freelancing, student visas or family reunification. Permanent residence is possible after 5 years of continuous residence.

Bureaucratic processes take time: registration of residence permit – 2-4 months, obtaining citizenship – from 7 years. But the level of control is lower than in France or Germany.

Pros and cons from the eyes of those who have moved away

According to the feedback from those who have moved to live in Greece, the way of life is pleasing in its simplicity. The slow pace of life reduces stress, and the sea and mountains are available at any time. The reviews also point out difficulties: high VAT (24%), seasonal water cuts on the islands, poor digitalisation of public services.

Pros of moving to Greece:

  1. Loyal requirements for obtaining a residence permit.
  2. Moderate food and housing prices.
  3. A simple, comfortable rhythm of life.
  4. Diversity of climatic zones.
  5. Potential for property investment.

The cons of moving to Greece:

  1. Difficulty finding a high-paying job.
  2. Bureaucratic inertia.
  3. Slow development of digital services.
  4. Seasonal overloading of infrastructure on the islands.
  5. Relatively high property taxes.

The balance between attractive living conditions and internal constraints forms an ambiguous image of the country. Despite the pros, each step requires an accurate assessment of personal priorities and a willingness to adapt to the local rhythm. The ability to balance expectations with reality is key.

Country in figures

The country has an area of 131,957 km². The population is about 10.3 million. As of 2024, the inflation rate is stabilised at 3.1% and GDP per capita is about €21,000.

Immigration to Greece has increased since the pandemic. In 2023, the country issued more than 13,000 new residence permits, of which 40 per cent were for real estate.

Whether it is worth moving to Greece: conclusions

The answer to the question whether to move to Greece depends on expectations and goals. For investors – a window with reasonable rates and simplified access to residence permits. For remote professionals – a chance to live by the sea with low costs. For families – a chance to raise children in an environment with a mild climate and a moderate pace. The country offers a balanced format confirmed by statistics, examples and testimonials.

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On an island where the sun shines 340 days a year and taxes don’t warm the air any more than necessary, powerful reasons to invest in Cyprus property have developed. Financial rationality is combined with European comfort. The benefits are not advertised here – they are proved by figures, stability and concrete stories.

Taxes that don’t squeeze

The Cypriot tax system for investors is characterised by simplicity and predictability. The capital gains rate on the sale of properties is 0% if the property is not a business. Corporate tax is 12.5%, one of the lowest in the EU.

The absence of inheritance tax and exemption from dividend tax for non-residents reinforce the benefits of property investment in Cyprus. This tax architecture allows not just to preserve capital, but to systematically increase it.

Liquidity and price growth

The island has seen a steady rise in prices, with over 45% since 2016 in popular areas including Limassol, Nicosia and Paphos. The reasons to invest in residential property are reinforced by limited supply, especially on the coast, and demand from EU and Middle Eastern nationals.

High liquidity is ensured by an active domestic market and attractiveness to foreign buyers. Properties in central locations are renting for 5-7% per annum. With the right choice, the asset turns into a source of stable income, not just a worthwhile asset.

Rental yield and commercial potential

Commercial properties in Cyprus offer yields of up to 8-10% per annum, especially in Larnaca and Ayia Napa, where tourist and logistics areas are developing. Long-term leases provide stable payments, short-term leases maximise returns in season.

Reasons to invest in residential or commercial property include rental potential. Major IT companies relocating after 2022 have created demand for offices and premium accommodation. Especially in Limassol, which has become known as the “Silicon Quay”.

Permanent residence through purchase: an easy way to the EU

The way into the European legal framework is through permanent residence in Cyprus through property investments. The minimum threshold is €300,000 in a new building. The term of registration – 2-3 months. The residence permit is valid indefinitely, subject to retention of ownership of the property.

This mechanism does not require passing exams, language skills or permanent residence. The purchase provides status and peace of mind, especially against the background of unstable regions. Reasons to invest in Cyprus property include this tool of legal, predictable migration traffic.

Safety

The safety of life in Cyprus exceeds the European average: the crime index is 36 out of 100, similar to the Czech Republic and Austria. The streets of Larnaca and Paphos remain calm even at night. Crime news here is as rare as rain in August.

This is an important factor for investors, especially family investors who are considering relocation or long-term rentals. Confidence in the future and the safety of the asset is part of why the market is stable and attractive.

Sustainable market and openness to foreigners

The property market shows stability: even in the crisis years there was no collapse. Foreigners account for up to 30% of buyers, and in some regions – more than 50%. Registration of transactions is under the control of the Land Department, which excludes fraud.

The reasons to invest in Cyprus property are strengthened by the transparency of legislation, the absence of double taxation with a number of countries and clear rules for non-residents. This market is not just open, it invites mutually beneficial co-operation.

Infrastructure, medicine and comfort of everyday life

Health care offers a European level of service with a flexible choice between the public and private sectors. Private clinics in Nicosia, Limassol and Paphos are included in international accreditations, providing services in English, Greek and Russian.

The GESY system covers all residents and residence permit holders, providing access to a wide range of specialists. The average cost of an appointment is €15-20, making treatment affordable while maintaining quality. This reinforces the reasons to invest in Cyprus property for long-term residence and rental accommodation for families and retirees.

Cyprus property: income, status, protection

The benefits of asset ownership are not limited to returns. The investor receives not only profits, but also currency protection, multi-access to EU jurisdictions and a reputational asset. Property becomes an instrument of financial and personal security.

Investments in premium apartments, villas by the sea or boutique hotels demonstrate a return on investment of 8-11 years with a competent management model. New complexes in Larnaca and Paphos offer an option with guaranteed returns and turnkey management. A loyal tenant base is being formed due to the high standard of living and the region’s status as an international relocation centre.

Cyprus market open to new formats

The market is constantly adapting to new demands. After 2022, segments have become more active: digital offices, flexible spaces, properties for expats. This renews the reasons to invest in residential property, especially when choosing a commercial destination.

Construction companies are offering deferred payment terms, lowering the starting barrier to entry. Government measures to digitalise transactions and introduce green certificates increase the attractiveness of a new fund. Projects aimed at energy efficiency and autonomy – the trends of the coming years – are emerging.

Reasons to invest in Cyprus property: summarise

The way of investing in facilities combines financial efficiency with the comfort of living. The key advantages of investing in the housing market are concentrated in specific benefits:

  1. Taxes are low, plain and simple.
  2. Permanent residence permit – can be issued without bureaucracy and is valid indefinitely.
  3. Yield – 5-10% per annum depending on the type of lease.
  4. The market is steady, with prices predicted to rise.
  5. Liquidity is high due to demand from foreigners.
  6. Safety is above the European average.
  7. Health care – European quality, including the private sector.
  8. High standard of living – average life expectancy is 82 years.
  9. Property in Cyprus for foreigners – no restrictions on purchase.
  10. Pros of buying property in Cyprus – legal transparency, protection of rights.

This combination of factors makes island property an asset that is resilient to crises and fluctuations. With the right strategy, investments bring not only income but also strategic advantages.

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

Греческая мечта: какую и где купить недвижимость в ГрецииBuying 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

Вид на жительство в Греции через покупку недвижимости: возможности и особенности получения ВНЖBuying 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.