Is real estate cheap in Greece?Greece is considered to be one of the most competitive European Countries when it comes to property for sale. Apartments for sale in Greece are cheaper than in others European Metropolis. Takin
Greece is considered to be one of the most competitive European Countries when it comes to property for sale. Apartments for sale in Greece are cheaper than in others European Metropolis. Taking into consideration that someone who want to buy a house in Greece is benefited from the low taxation, the affordable lifestyle and the friendly expat environment- we can say that buying a property in Greece is value for money.
What is the average price of a house in Greece?
Property prices in Greece varies according to the location, the age and the condition of the property. The average price of a newly build apartment for sale in Greece is around 1000euro/m2 while for an older it can be around 700 euro/m2. Flats for sale in Greece are cheaper than villas, as the price for villas in Greece especially beachfront can rise up to 4000 euro/m2 in high demand areas. Properties in Greek islands are also high in demand over the last years with average price of 2000 euro/m2 as many foreigners prefer to invest in Greek homes with significant rental revenue something that can be easily achieved in popular Greek islands.
Where is the cheapest property to buy in Greece?
Mainland is always offering cheaper property prices in Greece compared to the islands. Of course, in big cities property for sale are more expensive than villages. For example, a house for sale in Athens or Thessaloniki is more expensive than a house for sale in Patras or Ioannina. Islands are also having differences in prices. For example, property for sale in Kos island are way more cheaper than villas in Crete or Cyclades. Properties for sale in Greece are different in price but with the correct assistance from real estate professionals you can have a good bargain.
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