3 min🏛️
Greece has become a popular destination for Israeli investors. Overview of areas, prices, yields, and the buying process.
Greece has become a preferred destination for Israeli investors in recent years, thanks to affordable prices, high rental yields, and an attractive Golden Visa program.
Why Greece?
- Affordable prices compared to Western Europe
- Rental yields of 4%-7% annually
- Golden Visa from €250,000
- Geographic proximity to Israel
Recommended Areas
Athens: The capital with an active real estate market and high rental demand.
Thessaloniki: The second city, with high growth potential.
Islands: Santorini, Mykonos, Crete — high seasonal yields.
Taxes and Costs
- Purchase tax: 3.09% (main rate)
- Capital gains tax: 15%
- Lawyer fees: 1%-2%
- Broker commission: 2%-5%
Purchase Process
- Obtaining a Greek tax number (AFM)
- Signing a notarized sale agreement
- Paying the purchase tax
- Registering the property at the Greek Land Registry
Tips
- Check licenses and building permits
- Work only with a local lawyer
- Consider short-term rental properties (Airbnb) in tourist areas