Buying property in Greece
Winding cobbled streets, sea views from your terrace, and a slower pace of life – whether you’re planning relaxed summers or a full relocation, owning a home in Greece doesn’t have to stay a dream. Our property buying guide covers everything you need to know, including:
- Important considerations when buying a property in Greece
- Information on navigating local taxes, visas and other regulations
- A handy checklist for ensuring you’re on track
- Lots of other little tips to support your dream move
Why buy property in Greece?
Greece is a land of sun-soaked islands, ancient heritage, and effortless charm. From whitewashed villages perched on cliffs to olive groves and lively tavernas, life here moves at a relaxed, joyful pace. Buy a home in Greece and enjoy sea, warm hospitality, and golden sunsets.
Endless coastline
With nearly 14,000km of sun-kissed shores, Greece has more coastline than anywhere else in the Mediterranean – ideal for beach lovers.
Stunning weather
With mild winters and warm, sunny summers, the weather in Greece is nothing short of idyllic. This dreamy climate makes this country a year-round destination.
Low cost-of-living
Bargain-hunters will be drawn to Greece’s affordable property market and low cost-of-living, which sits well below the EU average.
Can UK residents buy property in Greece?
Few restrictions for non-residents: UK citizens can buy property in Greece even if they’re not residents.
Buying property after Brexit: Post-Brexit, there are some additional requirements for UK citizens when it comes to buying. However, if you want to stay for more than 90 days in any 180-day period, you’ll need to apply for a visa.
Legal and financial checks: To keep things smooth and hassle-free, it’s a good idea to work with a local lawyer and a currency specialist, helping you avoid surprises and get the best value from your transfer.
What kind of VISA will I need?
UK citizens can stay in Greece up to 90 days visa-free; if you want to stay longer, you’ll usually need a visa and residence permit.
Long-Stay Visa: For visits that last longer than 90 days but under one year, you’ll need a National Visa (Type D) is required – a long-stay visa that’s typically issued for employment, study, digital nomads, and family reunification.
Golden Visa: The Greek Golden Visa programme offers residency to non-EU nationals who make significant investments in Greece, typically through the purchase of property. The programme grants a five-year residence permit in exchange for this, and is renewable provided the investment is maintained.
The information provided is for general information purposes and does not constitute legal, tax or other professional advice from Lumon, and it is not intended as a substitute for obtaining advice. it is recommended you seek professional advice from a financial advisor or any other professional.
Where to buy property in Greece
Athens
Greece’s buzzing urban hub is where ancient history meets modern living, offering everything from lively streets and nearby beaches to welcoming expat communities and affordable homes.
Crete
The largest Greek island by area and population, Crete packs a lot into its sun-kissed sandy shores, from ancient treasures and stunning landscapes to vibrant cities and dreamy villages. Plus, it’s accessible international airports, ideal for popping to and from the UK.
Mykonos
Mykonos is Greece’s glamorous island escape, known for its whitewashed houses, golden beaches, and buzzing nightlife. Beneath the surface of its cosmopolitan charm lies a traditional heart, with winding alleys, local tavernas, and serene sunsets over the Aegean
Corfu
Scattered off Greece’s western mainland, the Ionian islands — including Corfu — are the closest to the UK and easy to reach via direct flights. Known for its lively towns, hidden beaches, and a UNESCO-listed Old Town, this island is rich in charm.
Peloponnese
Beyond Athens, the Greek mainland reveals the unspoiled beauty of the Peloponnese. From lush valleys and snow-capped mountains to crystal-blue coastline, this pennisula region is a stand-out for lovers of the outdoors.
Currency exchange considerations for UK buyers
At Lumon, we’re here to simplify the currency side of your property purchase, helping you transfer funds overseas with ease.
Get more from your property budget
Exchange rates move constantly, and even small shifts can impact your budget. Your dedicated currency specialist is always available to provide insights, so you can buy with confidence when the time comes.
Helping you make overseas property payments easy
We have a range of transfer options to suit your needs and where you are in your property journey, including Forward Contracts.
How can I plan for costs when buying a property in Greece?
Our buying guide for Greece goes into depth about how to buy property there and what to factor in, including:
Set your budget: Work out what you can comfortably spend. Don’t forget to factor in Greek fees, taxes, legal costs, and currency exchange.
Understand local costs: Buying costs in Greece can vary depending on the region and whether you’re using a mortgage. Knowing what rules apply to you will help avoid surprises later.
Have your deposit ready: Once you find the right place, you’ll often need to pay a reservation deposit quickly. Having funds ready, in euros, puts you in a strong position.
Frequently asked questions
Is buying property in Greece a good investment?
It can be, especially in sought-after areas like Athens and Mykonos, where there’s strong potential for long-term value growth and rental income. But as with any investment, it’s important to research the local market, property regulations, and tax considerations before making a decision.
Can I buy property in Greece as a non resident?
Yes, UK citizens can buy property in Greece without needing to be residents. The steps and regulations behind your property buying journey will differ to buying in the UK however. Plus, if you plan to stay long-term, you’ll need to explore visa options post-Brexit.
Do you pay UK stamp duty on Greek property?
No, UK stamp duty only applies to properties in the UK. However, Greece has its own buying costs, including property transfer tax, land registry fees, and legal charges. Be sure to budget extra funds on top of the purchase price.
Do I have to declare a Greek property to HMRC?
You don’t need to declare the property itself, but you do need to report any rental income or gains if you sell it. These may be taxed in both Greece and the UK, so speaking with a tax adviser can help ensure you’re covered under any double taxation agreements.
How can I reduce UK tax on my Greece property?
If you’re a UK tax resident, you’ll still pay tax on overseas income or profits. That said, you may be able to reduce your liability through allowances or the UK-Greece double tax treaty. A qualified tax adviser can help you navigate the rules.
Can I get a mortgage to buy property in Greece?
Yes, either through a UK-based specialist or a Greek bank. Greek lenders may offer rates tailored to the local market, but you’ll need to meet their criteria. Just keep in mind that if your income is in pounds and your mortgage is in euros, currency shifts can affect your repayments.
The step-by-step process of buying property in Greece
1. Set your budget
Include the property price plus extra for taxes, legal fees, and currency exchange. Planning ahead gives you clarity from the start, so talk to your team of specialists early to work out overall costs.
2. Pick your location
Coast, city, or countryside? Think about lifestyle, climate, amenities, and how often you’ll visit or stay.
3. Get your paperwork ready
You’ll need to obtain a Greek tax number (known as an AFM) to move forward with a purchase.
4. Make an offer and appoint a lawyer
Once you’ve found the right place, your lawyer will help with contracts, legal checks, and guiding the process.
5. Transfer your funds and complete the purchase
A Lumon specialist can help you secure a strong rate and avoid hidden fees. Once payment is made and contracts are signed, the keys are yours.
Working with Lumon – your trusted currency partner
Our team of currency specialists have the local market knowledge to help you navigate the process of buying a property in Greece. With over 25 years of international property experience, we’re here to help make the process hassle-free.
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Your property buying guide
Our property buying guide is packed with information and resources to support you on your property journey, including:
- Important considerations when buying a property in Greece
- Information on navigating local taxes, visas and other regulations
- A handy checklist for ensuring you’re on track
- Lots of other little tips to support your dream move
