New homes in Greece



Greece Overview

Greece is a member of the European Union, is located in Southeast Europe and occupies the southern most region of the Balkan Peninsula, which has almost 6000 Greek islands that stretch across the Mediterranean Sea.

Still, Greece is the European country with largest number of peaks, so it has both a Mediterranean climate with mild winters and hot summers, as an alpine climate with lower temperatures.

Two major sources of income for Greece are construction and tourism.

Property investment in Greece

Here are the main factors that make Greece an attractive place to invest in a property.

• Greece is one of the most beautiful countries in the world and a vacation paradise.
• It has a wide range of properties and a good value for money.
• Greece is one of the least polluted in the world.
• Much of its territory is virgin, with little industry, and there are few tall buildings are outside the big cities.
• The cost of living in Greece is approximately 30-40% lower than in the UK, and properties worth less than half the price in more established markets.
• The Greeks are famous about their hospitality and friendship.
• In recent years, real estate prices in Greece have increased due to strong demand of land by Northern Europeans, added to local demand. Despite this increase, prices of properties in Greece are relatively low compared with other countries of southern Europe.

So buying a property in Greece is an excellent choice. When prices are combined with climate, accessibility, lack of crime and the legendary Greek hospitality, you can see why more and more people are choosing this country to buy a property.

Foreign investors from the EU can freely purchase property in Greece, although there are some restrictions for non-EU citizens. To purchase the property near national borders and in some islands requires special permission from the Local Council.

Useful links

• Official website of the Hellenic Republic Government
• Visit Greece | The Official website of the Greek Tourism Organisation

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