Retiring in Greece in 2025: Buying a Home and Securing Residency for Foreigners

Retiring in Greece has become increasingly popular among foreigners seeking a relaxed Mediterranean lifestyle, affordable living, and a warm climate. With its stunning landscapes, rich history, and welcoming communities, Greece offers retirees a peaceful and fulfilling place to spend their golden years.

If you’re considering retiring in Greece in 2025, this guide will walk you through the entire process—from choosing and buying your ideal home, to securing residency, understanding healthcare options, and settling into Greek life smoothly.

Why Retire in Greece? Benefits Beyond the Beach

Climate and Lifestyle

Greece boasts over 300 days of sunshine a year, mild winters, and fresh sea breezes. This climate is ideal for retirees who want to enjoy outdoor activities year-round, whether it’s strolling through olive groves, dining al fresco, or simply soaking in the sun on pristine beaches.

Cost of Living

Compared to many Western European countries and North America, Greece offers a significantly lower cost of living. Affordable groceries, utilities, transportation, and dining make it easier to stretch retirement savings.

Culture and Community

Greek culture values family, hospitality, and community. Foreign retirees often find themselves embraced by local neighborhoods and expat groups, creating a rich social life and support network.

Healthcare

Greece offers both public and private healthcare facilities. While public healthcare is generally available to residents, many retirees choose private health insurance for quicker access to specialists and hospitals. Greek doctors are well-trained, and many medical professionals speak English.

Safety

Greece is considered a safe country with low crime rates, especially in smaller towns and on islands. This peace of mind is a crucial factor for retirees.

Buying a Home in Greece as a Retiree: What You Need to Know

Step 1: Identify Your Priorities and Budget

Before starting your property search, consider:

• Your preferred location: island, coastal town, or city

• Property type: apartment, villa, or traditional stone house

• Proximity to hospitals, shops, and transport

• Budget including purchase price, taxes, and upkeep costs

Step 2: Explore Popular Retirement Locations

Corfu

Known for lush greenery, stunning beaches, and a vibrant cultural scene. Corfu balances laid-back village life with modern amenities. Property prices remain affordable compared to some Cycladic islands.

Crete

Greece’s largest island offers diverse landscapes—mountains, beaches, and historic towns. Cities like Chania and Heraklion provide excellent healthcare and services.

Rhodes

Combines medieval charm with beach resorts. Rhodes offers good infrastructure and many expat retirees.

Peloponnese

Mainland region with quiet villages, ancient ruins, and stunning coastline. Often more affordable than islands.

Athens Suburbs

For retirees wanting city conveniences with access to culture, healthcare, and transport.

Step 3: Work With Trusted Real Estate Experts

Partnering with a reliable real estate agency like Chase Real Estate Corfu helps you access vetted properties, negotiate fairly, and navigate local market nuances.

Step 4: Visit Greece for Property Viewings

Whenever possible, plan a trip to visit shortlisted properties. This allows you to:

• Experience the neighborhood vibe

• Meet agents and locals

• Assess property condition and surroundings

• Explore nearby services and amenities

Step 5: Legal Checks and Due Diligence

Hiring a Greek property lawyer is essential. They will:

• Verify the property’s title deed and ownership status

• Check for debts, liens, or disputes

• Confirm building permits and zoning compliance

• Review contracts carefully before you sign

Learn more at Chase Real Estate’s Legal Guide.

Step 6: Obtain a Greek Tax Number (AFM)

The AFM is mandatory for property transactions and tax purposes. Your lawyer or agent can assist with this.

Step 7: Sign Preliminary and Final Contracts

• Preliminary contract (“Pre-contract” or “Reservation agreement”) usually involves a deposit (10-30%)

• Final contract signed in presence of a notary public to transfer ownership

• Pay the remaining balance and associated taxes

Step 8: Register Your Property

Your lawyer registers your ownership at the local Land Registry or Cadastre Office, finalizing the legal transfer.

Residency Options for Retirees in Greece in 2025

Option 1: Golden Visa Program

The Golden Visa remains a top option for foreign retirees investing in property.

• Minimum property purchase of €250,000

• Residency permit valid for five years, renewable indefinitely if investment maintained

• No minimum stay required in Greece

• Allows visa-free travel throughout the Schengen Area

• Family members (spouse, children under 21, parents) can also obtain residency

More details in our Golden Visa Guide.

Option 2: Retirement Visa (Financially Independent Person Visa)

• For retirees not necessarily buying property immediately

• Applicants must prove sufficient regular income (e.g., pensions, savings)

• Health insurance valid in Greece is required

• Initial visa valid for one year, renewable for up to five years

• Requires proof of accommodation, which can be rental or ownership

Option 3: Other Residency Permits

• Family reunification for those joining relatives living in Greece

• Work or business visas if applicable

Healthcare for Retirees in Greece

Public Healthcare

Available to legal residents, including those with Golden Visa or retirement visas. Services include general practitioners, hospitals, and emergency care.

Private Healthcare

Many retirees opt for private insurance for faster specialist access and more comfort. Private hospitals and clinics are modern and well-equipped.

Social Security Agreements

Greece has agreements with several countries allowing pension and healthcare coordination. Check your country’s specific agreements.

Cost of Living: What to Expect

Tips for a Successful Retirement Move to Greece

• Learn basic Greek phrases to ease daily interactions

• Join expat forums and local community groups

• Arrange finances in advance including tax planning

• Understand Greek customs and public holidays

• Plan for seasonal weather changes and tourism cycles

Frequently Asked Questions

Q: Can I buy property without residency?
A: Yes, foreigners can buy property without being residents. Residency can be applied for separately.

Q: How long does it take to get residency after buying property?
A: Golden Visa residency permits usually take 2-3 months to process.

Q: Are there property taxes for retirees?
A: Yes, annual property tax (ENFIA) applies, plus maintenance costs.

Q: Can I rent out my property while retired?
A: Yes, many retirees rent their homes when away or as income sources.

Why Choose Chase Real Estate Corfu?

With deep local knowledge, expert legal support, and personalized service, Chase Real Estate Corfu is your trusted partner for retiring in Greece. Whether you want to buy a seaside villa, a city apartment, or a quiet countryside home, they provide end-to-end assistance.

Start your retirement journey at chaserealestatecorfu.com.