Buying vs. Renting in Greece: Which One Is Right for You?
If you're planning to move to Greece or spend part of the year here, one of the biggest questions is:
Should you buy or rent a home?
Each option has pros and cons — and the right answer depends on your goals, budget, and lifestyle.
Let’s break it down clearly.
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Why Buy Property in Greece?
Buying is a great option if you're planning to:
Stay long-term
Retire in Greece
Invest in property for rental income
Qualify for the Golden Visa (€250,000+ property)
Benefits of Buying:
You own an asset that may increase in value
You can rent it out short-term or long-term
You avoid rising rental prices
You can renovate or customize the property
You get more stability and long-term freedom
Best for: Investors, expats, retirees, families, and anyone staying for 5+ years
Why Rent a Home in Greece?
Renting is smart if you're:
New to Greece
Still exploring locations
Staying short-term or seasonally
Unsure of long-term plans
Wanting flexibility
Benefits of Renting:
No upfront buying costs or taxes
More flexibility if you want to move
Easier process for foreigners
Try different areas before buying
No maintenance or property taxes
Best for: Digital nomads, students, seasonal workers, new arrivals, or people testing the lifestyle
Cost Comparison: Buying vs. Renting in Greece
| Buying | Renting | |
|---|---|---|
| Upfront Cost | High (down payment, taxes) | Low (1–2 months' rent) |
| Monthly Cost | Lower over time (no rent) | Ongoing rent payments |
| Flexibility | Low – you’re committed | High – easy to move |
| Risk | Market & legal risks | Minimal risk |
| Investment Return | Yes (can resell or rent out) | No return – just living space |
Example: Athens 2025
Buy: A 2-bedroom apartment costs ~€180,000–250,000
Rent: The same apartment rents for €700–900/month
Break-even point: Usually 5–7 years of ownership makes buying more cost-effective
Final Thoughts: Which Is Right for You?
Rent if you're new, unsure, or want flexibility.
Buy if you're confident in your plans, staying long-term, or investing in Greece.
Still not sure?
Start with a short-term rental. Live the Greek life for a few months — then decide.
Need help with finding a rental or buying your first property in Greece?
We’re here to guide you every step of the way.