Guide to Buying Historical Properties in Greece: What Investors Should Know
Buying a historical property in Greece offers more than just charm and character—it’s a chance to invest in living history. From Venetian mansions in Corfu to neoclassical homes in Athens and stone cottages in Pelion, these homes offer unique beauty and strong cultural value.
But owning a heritage property isn’t like buying a modern home. You’ll need to follow special rules, plan your renovations carefully, and understand what makes these homes attractive to renters or future buyers.
Here’s a full breakdown of what to expect and how to navigate the process.
What Counts as a Historical Property in Greece?
In Greece, a property can be designated as “listed” (diatiriteo) if it has historical, cultural, or architectural significance. These designations come with both responsibilities and protections:
- Approval is needed for any renovation or exterior changes
- Authentic materials must often be used
- Government grants may be available for restoration in some cases
Always verify the property’s legal status early in the process. Contact local experts for help.
Why Invest in a Historical Property in Greece?
- Cultural value: Unique architecture appeals to tourists and tenants
- Long-term appreciation: Limited supply means these homes can gain value over time
- Rental income: Especially strong in heritage-rich areas like Corfu, Athens, and old villages
Want to explore options in Corfu? Start your search here.
What to Know Before You Buy
1. Due Diligence is Critical
- Check if the property is protected under heritage laws
- Ensure the title is clean and clear
- Verify if it’s located in an archaeological zone (this can limit building rights)
2. Budget for Restoration
- Costs can vary widely depending on materials, permits, and property condition
- You may need to work with certified restoration architects
- Look into potential grants or tax incentives
3. Hire the Right Professionals
- An experienced agent familiar with historical properties
- A lawyer who understands local and national preservation laws
- A renovation team that specialises in heritage projects
Learn more about the buying process.
Legal Requirements and Paperwork
Buying a historical home comes with more paperwork than modern properties:
- Approval from the Ministry of Culture for major work
- Architectural plans must often be submitted and approved before starting any changes
- Energy efficiency updates may also be required, but must not alter the structure’s character
Always work closely with professionals who have handled listed properties before. Legal guidance available here.
Best Areas in Greece to Buy Historical Homes
- Corfu Old Town: UNESCO-listed, Venetian-style buildings with strong rental demand
- Plaka, Athens: Neoclassical architecture near the Acropolis
- Chania, Crete: Preserved old-town feel with tourist appeal
- Nafplio: One of the most charming towns for classical homes
- Pelion villages: Stone-built mansions surrounded by forest and sea
Corfu continues to be a standout for investors. See available properties.
Can You Rent Out a Historical Property?
Yes, but with restrictions:
- Short-term rentals may require additional permits
- Tourism authority approval could be needed if you advertise as a guesthouse
- Property condition must meet health and safety codes
To learn more about turning your historical home into a rental, contact us.
Frequently Asked Questions
Can foreigners buy listed historical properties in Greece? Yes. Non-EU citizens may need extra permission in border zones, but historical properties are otherwise open to foreign buyers.
Do historical homes cost more to maintain? Usually, yes. Older structures may require ongoing care, especially roofs, facades, and foundations. Budget for upkeep.
Are there grants or incentives for restoration? In some cases, yes. Especially if the property is in a protected area or if the renovation follows strict guidelines. Your lawyer or agent can help you apply.
Can I modernise the interior? In most cases, yes—as long as you preserve the historical elements of the exterior and structure. Always get approval first.
Final Thoughts
Owning a historical property in Greece can be both rewarding and profitable, but it comes with extra care and responsibility. If you’re drawn to timeless charm, cultural value, and the idea of restoring something beautiful, this kind of investment might be perfect for you.
Start with a trusted expert who understands the process. Reach out to our team and we’ll help you explore the possibilities.
