Your Ultimate Guide to Property Buying in Greece

A place where Gods used to live, great scholars and some renowned personalities; it is the blessed land of Greece. The country has a rich cultural significance which makes it a perfect destination for tourists and travelers across the world. If you are thinking of moving to Greece, then you need to get in touch with the best real estate agents in Greece who will help you to get the best properties within your budget.

Property ownership in Greece is as common as 80% of Greeks own their homes due to the strong cultural connection. Majority of homes is owned, but there is still a lot of opportunities. You can hire a good real estate agency in Athens to buy properties for you. Here is an ultimate guide to purchasing property in Greece.

Real Estate Market of Greece

The world knows about the Greek economic crisis that started in 2009 but now it has given some positive signs of its recovery including the housing market. In 2008, the property prices dropped by half. Nowadays the real estate property is cheap, but it could be a risky move looking at the present economy of Greece.

Buying property in Greece if You are a foreigner

Since the island falls under the European Union, the people residing under EU region have no restrictions on purchasing property in Greece. There is always someone who is looking to sell my property in Greece. Non-EU residents have to prove their connections to the country and the purpose of purchasing property and the intent behind it. The application is further processed at Ministry of National Defense which requires documents submission and proof of user intent.

Property Price of Real Estate Properties in Greece

Online real estate property Management Company in Greece will give you a good idea about the particular locality. Yes, the prices depend on the type and location. The following list you a general view of property prices in different cities of Greece.

Location                                            Property Type                                                 Cost

Athens                                             4 BR 4 Bath House                                          €1,000,000

Corfu                                               5 BR 4 Bath House                                          €700,000

Mykonos                 4 BR 4 Bath Beachfront House w/ Pool                                               €750,000

Thessaloniki                                   3 BR 2 Bath House                                            €250,000

Athens                                            2 BR 1 Bath Apartment                                     €250,000

Thessaloniki                                   2 BR 2 Bath Apartment                                     €20,000

Corfu                                              3 BR 1 Bath Apartment                                      €95,000

How to Find Property in Greece

The best way to buy property in Greece without much hassle is to hire the best real estate agencies in Greece. They will provide you with a list of properties depending on your requirements and budget.

The real estate agents in Greece can also help you to find legal advice, contractors, decorators etc. If you are looking for the top-notch real estate agency in Greece, visit www.medusamgt.gr.

How You Can Avoid Scams or Fraud

If you are new to the country, some things you need to consider:

Without meeting the seller, don’t send the money or a deposit. When you get the property keys and visit the property, then proceed to next steps.

Bring someone who understands the paperwork and makes sure your property seller has the right to sell it, i.e.; he is the real property owner.