Making Your Greek Property Work for You

Owning a home in Greece isn’t just about holidays and sunsets—it can also be a smart income source. In 2025, more international property owners are turning their homes into long-term rentals to earn steady income with less stress than short-term vacation lets.

This guide walks you through how to turn your Greek property into a profitable long-term rental—legally, smoothly, and with maximum return. For expert guidance and available services, visit Chase Real Estate Corfu.

Why Consider Long-Term Rentals in Greece?

Benefits Over Short-Term Rentals

• Consistent Monthly Income

• Lower Turnover and Maintenance Costs

• Less Hands-On Management

• Fewer Regulatory Hurdles in Some Areas

• Ideal for Remote Owners Who Don’t Want Weekly Involvement

With Greece’s year-round appeal and a rising number of foreign residents, students, and remote workers, the demand for quality long-term housing is growing.

Step 1: Understand Local Rental Demand

Start by assessing your property’s location and the typical tenant profile.

Top Demand Areas for Long-Term Rentals

• Corfu Town – Professionals, students, and digital nomads

• Athens & Thessaloniki – Expats, families, and long-term locals

• Crete & Rhodes – Seasonal workers, retirees, and remote workers

• Smaller islands – Lower volume, but niche opportunities exist

Corfu is particularly attractive due to its expat-friendly environment and balanced cost of living. Browse local property data at Chase Real Estate Corfu.

Step 2: Make Your Property Rental-Ready

To compete in the long-term market, your home needs to be functional, safe, and appealing.

Must-Have Features for 2025

• Reliable Wi-Fi and Air Conditioning

• Functional Kitchen and Appliances

• Furnished Options (ideal for remote workers and expats)

• Secure Entry and Windows

• Utility Efficiency (solar water heaters, smart meters)

Optional but Valuable Upgrades

• Storage space

• Home office setup

• Energy-efficient upgrades

• Pet-friendly policies

Step 3: Pricing and Profitability

How to Set the Right Rent Price

• Research Comparable Listings in your area (size, amenities, location)

• Factor in Local Taxes and Maintenance Costs

• Adjust for Furnished vs. Unfurnished

• Offer Flexible Lease Terms if possible

In Corfu, well-located, furnished long-term rentals can yield 4–6% net annual return depending on management and upkeep.

Step 4: Legal and Tax Compliance

Key Legal Steps for Renting Long-Term in Greece

• Declare Your Rental Income with Greek tax authorities

• Register Lease Agreements via the TAXISnet platform

• Use Legally Binding Contracts (in Greek or dual-language)

• Respect Local Zoning and Property Rules

For assistance, view the Chase Real Estate Legal Guide.

Tax Basics for Foreign Landlords

• Flat tax rate of 15% on long-term rental income

• Deductions available for expenses (repairs, utilities, etc.)

• You may need a local accountant or legal representative

Step 5: Tenant Screening and Lease Management

To keep your rental profitable, secure the right tenant from the start.

Tenant Screening Tips

• Request valid ID and proof of income

• Check previous rental history (when possible)

• Use a formal rental application process

• Consider working with a local property manager

Lease Agreement Musts

• Monthly rent, due date, and deposit terms

• Utility responsibilities

• Duration and renewal options

• Rules around subletting, pets, and maintenance

Step 6: Property Management – DIY or Outsource?

Managing your rental from abroad can be tricky, but there are two main routes:

1. Do-It-Yourself (DIY)

• More control

• Requires time and Greek language skills

• Best if you live nearby or visit often

2. Hire a Local Property Manager

• Handles tenant issues, maintenance, and inspections

• Provides peace of mind

• Typically charges 8–12% of monthly rent

Need a referral? Contact Chase Real Estate Corfu for trusted local partners.

Final Thoughts: A Smart Way to Grow Passive Income

Turning your Greek property into a long-term rental is not only possible—it’s one of the simplest, most stable ways to earn income while your property appreciates. With the right setup, you’ll enjoy consistent returns and fewer day-to-day worries than short-term letting.

Need help setting things up? Reach out to the trusted team at Chase Real Estate Corfu to find renters, understand legal steps, or evaluate your home’s rental potential.