Buying a Second Home in Greece: Complete Guide for Foreign Buyers

Buying a second home in Greece is a dream for many international buyers. With its Mediterranean climate, relaxed lifestyle, and relatively affordable property prices, Greece offers an ideal destination for a holiday home or long-term investment.

The Peloponnese, in particular, stands out as one of the best regions for second-home buyers.

🌍 Why Choose Greece for a Second Home?

Greece offers a unique combination of:

Beautiful landscapes and coastline

Warm climate year-round

Relaxed lifestyle

Strong tourism market

👉 Perfect for both personal use and rental income.

📍 Why Peloponnese Is a Top Choice

Compared to popular islands, the Peloponnese offers:

Lower property prices

Larger homes and plots

Less crowded environment

Easy access from Athens

💡 It is one of the most underrated regions in Greece.

💰 Costs of Buying a Second Home

Typical costs include:

Property price

Transfer tax (around 3%)

Notary and legal fees

Registration fees

👉 Always budget an additional 7–10% on top of the property price.

🧭 Buying Process Step-by-Step

Obtain a Greek tax number (AFM)

Open a Greek bank account

Hire a local lawyer

Sign contracts with a notary

Register the property

🏖️ Renting Your Second Home

Many buyers choose to rent their property when not in use:

Airbnb or short-term rentals

Seasonal rentals

Long-term tenants

💡 This can generate income and cover ownership costs.

🛂 Golden Visa Opportunity

Non-EU buyers can qualify for Greek residency by purchasing property:

Minimum investment threshold applies

Residency for you and your family

Access to Schengen Zone

⚠️ Things to Consider

Maintenance when you're abroad

Property management

Local regulations

Access and infrastructure

🔑 Conclusion

Buying a second home in Greece is not only a lifestyle decision but also a smart investment. The Peloponnese offers one of the best opportunities for buyers seeking value, beauty, and long-term potential.