Buying property in Greece is a golden opportunity for individuals who are looking to obtain residency or make a secure investment in the country. The Greece Golden Visa Program allows non-EU citizens to obtain Greek residency through real estate investment.
The most common investment option is purchasing real estate in Greece, although other options are also available. Under this program, the available property purchase and residency options are divided into three investment tiers, each with specific requirements based on the type and location of the property.
These three categories are explained in detail below. Depending on the location and type of property, the required investment amount ranges from €250,000 to €800,000. If you want to learn more about buying a house in Greece and obtaining residency through property investment, continue reading this guide.
The Greek real estate market offers a wide range of investment opportunities through the Greece Golden Visa Program, giving investors the flexibility to choose properties that best match their needs and goals.
By purchasing one of the eligible property types listed for investment in Greece, investors can obtain residency and move to Greece.
This category applies to properties of at least 120 sq.m. located in areas such as:
This category applies to any property larger than 120 sq.m. located outside Tier 1 areas.
Note: Based on the minimum investment amounts mentioned above, it is important to note that the property investment amount cannot be split across multiple properties. For example, with €800,000, you cannot purchase two separate properties and obtain a Greece Golden Visa through both together. The required investment must apply to one eligible property.
This category applies to specific property cases, including:
Restrictions: Short-term rentals, such as Airbnb, and using the property as a company office or branch are prohibited. In case of violation, the residence permit may be revoked and a fine of up to €50,000 may be imposed.
These changes have been introduced to attract higher-value investments and to regulate the Greek real estate market.
Buying property in Greece can also offer additional benefits. For example, by investing in Greece, you may consider options such as long-term rental income and potential return on investment. All of these services can be outsourced to iLand.
Our team can support you in every aspect of your property investment, including finding tenants, preparing contracts, setting the right rental price, ensuring regular rent payments, and providing complete end-to-end management of your property project.
What You Gain by Buying Property in Greece
Once you invest, you can travel visa-free within the Schengen Area.
After receiving the Golden Visa, you are not required to live in Greece in order to maintain your residence permit.
After completing the investment, you and all eligible family members can enjoy the benefits of Greek residency.
With the Greece Golden Visa, you can obtain residence permits for up to three generations of your family, including yourself, your spouse, your children, your spouse’s children under 21, and your parents and parents-in-law.
Your children can study in public schools free of charge or attend international schools with tuition fees.
Greece offers attractive tax incentives for foreign investors, including favorable tax treatment on foreign assets and international income.
The iLand Team Will Support You at Every Step
Legal Steps for Buying Property in Greece
Before starting your property search, you should define your purchase budget. Make sure to include the property price, taxes, legal fees, and any renovation costs. Then, assess your needs, desired areas, and preferred property types in Greece. This step helps you choose the best option with greater confidence. Our experts can also support you throughout this process.
After planning and setting your budget, contact our consultants. Based on your budget, our experts will help you select the best properties in the most suitable areas.
Once you have selected a property that matches your budget and preferences, our experts will visit the property to handle negotiations and carry out the necessary technical inspections, ensuring that the property has no major issues.
At this stage, the property documents and legal status are reviewed by our experts. Then, a bank account is opened for you in Greece to proceed with the property purchase.
If everything proceeds according to plan and there are no issues, the preliminary contract is prepared and the funds are transferred to your newly opened bank account. Then, your agreement is finalized, and your lawyer signs the notarial deeds.
The property purchase and residency process in Greece is not complete until your lawyer registers your transaction and ownership with the Land Registry and the local Cadastre. Once the legal registration is completed and your ownership is confirmed, you can apply for the Greece Golden Visa.
Experience & Expertise
Trust Built on Experience
Selecting the Right Property
Reviewing property quality, premium locations, suitable prices, and conditions.
Legal Assistance
Full support for obtaining a Greek tax number, opening a bank account, and completing the property purchase process. Our legal team carries out the necessary checks to protect your interests.
Golden Visa Application
Professional preparation and submission of your application, including assistance with obtaining the pre-residence visa.
After-Service Support
Ongoing support for property management, maintenance, rental, or resale to help maximize your investment.
Projects Under Development by iLand
Each project is designed to create an inspiring and purposeful space, and its name is chosen in inspiration from renowned global artists to bring the spirit of art and creativity into the structure.
1. What is the minimum cost of buying a house in Greece?
Based on the latest changes to the Greece Golden Visa Program, effective from September 2024, the minimum cost of buying property in Greece ranges from €250,000 to €800,000, depending on the location and type of property.
2. Is it possible to obtain permanent residency by buying property in Greece?
Yes. By purchasing property according to the requirements of the Greece Golden Visa Program, you can obtain a 5-year residence permit, which is renewable. After seven years of continuous residence, you may apply for Greek citizenship.
3. Which cities are best for buying property in Greece?
Athens and Thessaloniki are popular choices for investment due to their urban facilities and active real estate markets. The islands of Mykonos and Santorini are also attractive to investors because of their strong tourism appeal.
4. How long does it take to obtain residency?
In the Words of Real Clients
Everything was excellent
Last year, my family and I decided to purchase a property and obtain Greek residency through the Golden Visa program. I had never even traveled to Greece before. We entrusted everything to the professional iLand Group. Now, more than a year has passed, and we came to Athens again for fingerprinting. Everything this company handled was according to plan and beyond our expectations. Throughout the entire process — from obtaining the visa, selecting and purchasing the property, to document submission and fingerprinting — they were by our side.
Thank you very much to you and your wonderful team
Naser omranian mohammadi
I have been working with iLand for many years. It is a highly reputable company, and all matters are handled professionally and accurately. The staff are very skilled and kind. I wish continued success to the company and its respected management
With respect,
Teymouri
Mozafar Teymouri
An excellent, experienced, and truly reliable company.
You can trust them 100% without any hesitation.
They completed the work as quickly as possible once we signed the contract.
I wish success to all of them
Mohsen Mohseni
iLand is a reputable and professional company with friendly, responsible, and hospitable staff.
I am very happy that I completed my Golden Visa process with iLand. 👍👍
reza R. karimi
We sincerely thank the iLand Group for having such a professional and friendly team — highly committed, punctual, and dedicated to delivering quality services to our family.
Massomeh Yarjanli
A professional and caring team who planned everything for us. We truly enjoyed working with them and had almost no concerns throughout the process. They dedicated a great deal of time to finding the best options, and everything else was handled smoothly by their team.
Hamed z.qadim
Dear iLand Immigration Office,
I sincerely thank you for your professional services and compassionate support throughout every stage of the immigration process. Your efforts brought peace of mind and confidence to me and my family. Without a doubt, you are among the very best in this field, and I wish you continued success and growth
Radin Ranjbar
Now Is the Time to Start the Change! Your Opportunity for a Free Consultation
By completing the form below, you can benefit from our free consultation services for immigration and investment solutions.
Buying property in Greece can be a complex process, especially for foreign buyers. Regulations may vary from one region to another, so having professional guidance is essential.
In general, the process begins with an initial consultation, either in person or online. After the consultation, you may travel to Greece to view suitable properties in your preferred city or area, based on your budget and investment goals.
Note: If you are not able to travel to Greece in person, there is no need to worry. After reviewing photos of the selected property, our team can prepare a virtual tour from different angles, allowing you to view the property in detail and proceed with confidence.
After that, our team carries out the technical inspection and legal checks to ensure that there are no issues or unexpected challenges. Then, your Greek bank account is opened, the selected property is approved and registered, and, if you wish, you can also proceed with the application for Greek residency.
Below is an estimated overview of property prices in Greece per square meter, based on location:
| City / Area | Price per sq.m. City Center | Price per sq.m. Outside City Center | Average Price for a 100 sq.m. Property |
|---|---|---|---|
| Athens | €2,900 | €2,760 | €283,000 |
| Thessaloniki | €2,910 | €2,040 | €247,000 |
| Santorini | €4,500 | €3,000 | €375,000 |
| Corfu | €2,500 | €2,500 | €250,000 |
| Crete | €3,260 | €2,000 | €263,000 |
| Paros | €4,500 | €3,300 | €390,000 |
Alongside the benefits of buying property in Greece, it is also important to be aware of the possible challenges:
Another important point is that you may not be able to stay in Greece permanently while still wishing to invest in the country. This can create practical challenges. However, one of our services at iLand is complete property and project management. Based on a clear plan, we can manage your property, carry out regular inspections, and support you throughout the ownership process.
Buying property in Greece can be an excellent investment opportunity, but it is important to carefully assess both the advantages and disadvantages before making a decision. You should research the market, consider key factors such as location and property type, and seek professional advice to make an informed choice.
It may also be valuable to work with a local real estate expert or lawyer to help you navigate the bureaucracy, legal procedures, and regulations involved in the purchase process.
Owning property in Greece is not only an investment in real estate; it is also an investment in lifestyle. Whether you are looking for a holiday home, a rental property, or a permanent residence, Greece offers a unique combination of culture, natural beauty, and relaxed Mediterranean living that is difficult to find elsewhere.
If you are considering buying property in Greece, now may be the right time to take the next step and start building the lifestyle you have been dreaming of.
Choosing a destination for living or investment is a life-changing decision. With iLand as your consultant, the path toward informed decisions and successful investment in Europe becomes clear.
| منطقه | حداقل مبلغ سرمایهگذاری | حداقل متراژ ملک | محدودیتها |
| آتیکا (آتن)، تسالونیکی، میکونوس، سانتورینی، و جزایر با جمعیت بالای ۳٬۱۰۰ نفر | ۸۰۰,۰۰۰ یورو | ۱۲۰ متر مربع | امکان اجاره کوتاهمدت یا استفاده از ملک بهعنوان شرکت وجود ندارد. |
| سایر مناطق کشور | ۴۰۰,۰۰۰ یورو | ۱۲۰ متر مربع | امکان اجاره کوتاهمدت یا استفاده از ملک بهعنوان شرکت وجود ندارد. |
| املاک تغییر کابری یافته (از تجاری به مسکونی) | ۲۵۰,۰۰۰ یورو | بدون حداقل متراژ | امکان اجاره کوتاهمدت یا استفاده از ملک بهعنوان شرکت وجود ندارد. |
| ساختمانهای تاریخی بازسازی شده | ۲۵۰,۰۰۰ یورو | بدون حداقل متراژ | امکان اجاره کوتاهمدت یا استفاده از ملک بهعنوان شرکت وجود ندارد. |
