Imagine your own Greek home: a villa on the Saronic Gulf, or perhaps a Cretan farmhouse with olive groves. Now imagine that these cost the same as the average UK home – yours for no more than £250,000.
Is now the right time to buy in the Greek property market?
Greece hasn’t had an easy ride of it since the financial crisis, but things seem to be turning a corner. And savvy buyers, whether to live in themselves or as an investment, could do well to get in ahead of the curve. According to the Bank of Greece, property prices had been falling, but in ever smaller increments, for years, until 2018. Since then, growth has been slow and steady – but prices are still as much as 40% below pre-crisis level. And for the average UK house price of £252,000, you can get yourself a fantastic property in a stunning location.
So, what kind of properties in Greece for the average UK house price can I find?
All around the country, from the islands to the Peloponnese and even Athens itself, you can find beautiful homes for €250,000. Here are some of the best.
Argolis: beautiful views over the Argolis Gulf
What a view to wake up to every morning! This four-bedroom property could make a fantastic home and business opportunity, with the ground floor of the main house configured as a separate two-bedroom apartment which could easily be rented out as a holiday let. The covered verandah has a wonderful panorama over the Argolis Gulf, and the paved garden area would be perfect to add a swimming pool.
The property is being sold ‘key-ready’, with all furniture included, including a beautiful oak kitchen. The city of Nafplio is just 17km away, and you’re just a few hundred metres away from the beach.
Planning to head out to see properties in Greece? Don’t miss your copy of the free Viewing Trip Guide. It explains exactly what to look out for and how to make it a success.
Saronic Gulf: detached house with pool in the hills of Old Epidaurus
This home offers the best of both worlds, just two hours’ drive from Athens – perfect for year-round flights – and yet nestled in the quiet countryside of Old Epidaurus. From the swimming pool and living room, you have stunning views over the surrounding hills and the property’s own land of 1850m2, which consists of olive groves and landscaped gardens.
Inside, you have a spacious living area, high-specification kitchen and five bedrooms.
Crete: traditionally styled farmhouse
What could be more Greek than your own farmhouse with an olive grove? On the edge of the friendly village of Kefalas, with its authentic tavernas and sheltered coves, this three-bedroom home would make a fantastic year-round residence. Like many of the other homes on our list, the swimming pool offers fantastic hill views, while the garden is planted with citrus trees and mulberry bushes. If you fancy a project, beyond the olive groves is an old vineyard, which has been left untended for some years, but could be brought back into production with a bit of work.
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Syros: luxury new-build in the Cyclades
Live your island dream in Cyclades with this luxury new-build villa. It’s designed in a minimalist, Scandi-meets-Mediterranean style, with clean white interiors complemented by wooden and stone features. There is a further external guest house and swimming pool, so it could also work well as a holiday let.
Buying in Greece
If you’re tempted by any of these beautiful properties, don’t miss your free guide to buying in Greece, below. And, if you have any further questions about moving here, don’t hesitate to call your London-based Resource Centre on +44(0)20 7898 0549 or email email@example.com.