Charming Property in the Heart of Thessaloniki – Prime Location & Investment Opportunity
€270,000
- Thessaloniki, Greece
- Apartment, 90 m² (968 ft²)
- 2
Golden visa eligible
3-4 months
All cities
€250,000 - €1,250,000
All types
Hi, I’m Hannah. Our team and I will happy to help you!
Get expert advice on finding the best options for quality, location, and investment potential.
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Hi, I’m Hannah. Our team and I will happy to help you!
Get expert advice on finding the best options for quality, location, and investment potential.
Get in touchGreece welcomes foreign investors, allowing them to purchase, rent, and sell both residential and commercial real estate. Following a significant price correction between 2010 and 2015, the market has rebounded, with property values now rising at twice the rate seen before the pandemic. This upward trend, combined with Greece’s residency-by-investment program, makes the country an increasingly attractive destination for real estate investors.
While Greek real estate prices are generally increasing at a more moderate pace compared to the broader European Union, they continue to show steady growth, with a quarterly appreciation of approximately 1.2%. The national average price per square meter stands at €1,900, though significant variations exist depending on location and property type.
Some of the most sought-after areas command significantly higher prices:
Lefkada Island: €4,920+ per sq. m.
Paleros: €4,700+ per sq. m.
Santorini: €3,630+ per sq. m.
Athens Riviera: €3,300+ per sq. m.
Glyfada (Athens): €2,600+ per sq. m.
Newly constructed properties typically come at a premium, reflecting modern designs and updated infrastructure, while resale properties often present value-driven opportunities for investors.
Acquiring real estate in Greece generally takes at least two months and involves several key steps:
1. Obtain a Greek Taxpayer Identification Number (TIN) – This is required for all property transactions.
2. Conduct Legal Due Diligence – A lawyer verifies title deeds and checks the property’s status at the Land Registry or Hellenic Cadastre.
3. Sign a Reservation or Purchase Agreement – This step secures the property while the transaction process is completed.
4. Register the Property – The buyer formally registers ownership to obtain a certificate of title.
Property purchases in Greece are subject to various taxes and fees, generally amounting to 5–11% of the purchase price. These include:
Transfer Tax: 3.09% of the purchase price.
Notary Fees: 1.5–2% of the transaction value.
Registration Fees: Approximately 0.5%.
For newly built properties, a 24% VAT would typically apply.
Greece offers Golden Visas to non-EU investors purchasing properties worth at least €250,000. This threshold increases to €800,000 for high-demand areas such as Attica, Thessaloniki, Mykonos, Santorini, and other populous islands, while it is €400,000 for other regions. Investors must maintain ownership to keep their residency status and may either own the property directly or through an EU-registered company, provided they own 100% of the shares.
Yes, investors can complete the entire purchasing process without visiting Greece. Legal representatives can handle property selection, due diligence, and transaction formalities on the buyer’s behalf.
At Vancis Capital, we assist high-net-worth individuals in navigating Greece’s real estate market and residency programs. Contact us today to explore investment opportunities tailored to your goals.
Greece offers an attractive real estate market, not only for its Mediterranean charm but also for the pathway it provides to permanent residency through the Greece Golden Visa Program. This program allows investors and their families to obtain residency by making a qualifying property investment, with flexible options tailored to different regions and asset types.
Prospective investors can choose between residential and commercial properties, either for direct ownership or long-term leasing. The required investment thresholds vary based on property type and location:
Investors may acquire property in their name or through an EU-based company in which they hold full ownership. Additionally, leased commercial properties—such as hotel accommodations or serviced units within tourist complexes—qualify under a structured 10-year lease agreement.
Once the investment is secured, property owners gain the right to reside in Greece while also having the flexibility to rent out their assets for additional income. Unlike some residency-by-investment programs, Greece does not impose minimum stay requirements, making it a particularly appealing option for international investors. However, to maintain residency status, the qualifying property must remain in the investor’s possession.
One of the key advantages of the Greece Golden Visa Program is the ability to complete the entire investment process remotely. Investors can acquire property without setting foot in Greece, leveraging professional real estate services to identify, reserve, and finalize their purchase.
At Vancis Capital, we specialize in guiding high-net-worth individuals through Greece’s Golden Visa landscape. Our team assists with property selection, due diligence, and investment structuring to ensure a seamless path to European residency. To explore your options in Greece’s thriving real estate market, contact us for personalized assistance.
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