Buying a second home in Corfu is more than just a real estate investment—it’s a lifestyle choice. With its lush landscapes, turquoise waters, historic towns, and Mediterranean charm, Corfu has become a magnet for international buyers seeking a vacation retreat, rental income, or a retirement haven. This guide will walk you through everything you need to know before investing in a second home in Corfu, from understanding the market to navigating legal requirements and finding the ideal property.

Whether you’re planning a summer getaway, a family retreat, or a long-term rental investment, this guide ensures you make an informed and confident decision. Explore buy property in Corfu today to start your journey.

1. Why Corfu Is Perfect for a Second Home

Stunning Natural Beauty
Corfu’s coastline stretches over 200 km, offering golden beaches, hidden coves, and crystal-clear waters. Rolling hills, olive groves, and charming villages create an idyllic Mediterranean backdrop, making it a desirable location for a second home.

Mild Climate
With mild winters and warm, sunny summers, Corfu is ideal for year-round visits. This climate ensures your second home is not just seasonal, but can be enjoyed throughout the year.

Vibrant Culture and History
From Venetian architecture and historic old towns to local festivals and authentic Greek cuisine, Corfu offers a rich cultural experience that adds value to your second home investment.

Tourism and Rental Potential
Corfu remains one of Greece’s top tourist destinations. Many second-home buyers also see rental potential, leveraging high demand for vacation rentals in summer.

2. Define Your Purpose Before Buying

Personal Use vs. Investment
Before searching for properties, clarify why you’re buying a second home.

• Personal Retreat: Prioritize comfort, privacy, and proximity to beaches or scenic views.

• Investment Property: Focus on areas with high rental demand, like Corfu Town, Paleokastritsa, or Kassiopi. Rental income can offset costs and make your property a profitable venture.

Combination: Many buyers choose properties that serve both purposes: a personal getaway during peak times and rental income when not in use.

3. Choosing the Right Location in Corfu

Corfu Town

• Ideal for those who enjoy vibrant city life, cultural activities, and shopping.

• Properties in Old Town combine historic charm with modern convenience.

Paleokastritsa

• Known for its breathtaking bays and monastery views.

• Perfect for buyers seeking tranquility and scenic surroundings.

Kassiopi

• A charming village on the northeast coast with beaches and a lively harbor.

• Excellent for buyers looking for a balance between peaceful retreats and tourist amenities.

Gouvia and Dassia

• East coast resorts ideal for investment-focused buyers.

• Popular with international visitors, offering strong rental potential.

Perama

• Quiet village south of Corfu Town, offering stunning sea views and a slower pace of life.

4. Budgeting and Financing Your Second Home

Set a Realistic Budget
Determine your purchase price range, including additional costs:

• Property taxes and notary fees

• Maintenance and furnishing

• Utilities and insurance

Financing Options

• Some Greek banks offer mortgages to foreign buyers.

• Terms may differ depending on nationality and income.

• Consider consulting a financial advisor familiar with Greek property investments.

Long-Term Costs
Factor in ongoing costs like property management, especially if renting your home to vacationers.

5. Legal Requirements for Foreign Buyers

Hire a Local Lawyer
A Greek lawyer ensures that the property is legally sound, debt-free, and compliant with regulations.

NIE Number (Tax Identification)
Foreign buyers need a Greek tax identification number (AFM/NIE) to purchase property.

Notary and Land Registry
All property transactions in Greece must be completed in front of a notary and registered with the Land Registry (Ktimatologio).

Due Diligence
Ensure the property has no liens, pending taxes, or construction issues. Your lawyer will assist with title verification, contracts, and registration.

6. Key Considerations for Second Home Buyers

Property Type

• Villas with pools for private enjoyment

• Apartments for convenience and maintenance ease

• Traditional houses with character for cultural charm

Accessibility

• Proximity to airports, ferry ports, and main roads

• Nearby amenities like shops, restaurants, and medical facilities

Rental Potential

• Check seasonal rental demand and occupancy rates

• Engage a local property management company if considering short-term rentals

Maintenance & Upkeep

• Consider property management for off-season maintenance

• Factor in costs for garden care, pools, and security

7. Making the Purchase

Step 1: View and Shortlist Properties
Work with a trusted real estate agent to view multiple properties and compare prices, locations, and amenities.

Step 2: Make an Offer and Sign Preliminary Agreement

• Negotiate price with your agent

• Sign a deposit contract outlining the terms of sale

Step 3: Finalize the Purchase

• Sign the notarized contract

• Pay the remaining balance

• Register the property in your name with the Land Registry

8. Tips for Maximizing Your Second Home Experience

Furnishing & Personalization
Make your second home comfortable and reflective of your style. Consider eco-friendly materials and local décor to enhance the Corfu experience.

Renting Responsibly
If renting, create a clear rental policy to balance personal use with rental income.

Explore the Island
Investing in a second home is also about lifestyle. Enjoy local beaches, scenic drives, hiking trails, and cultural events to fully experience what Corfu offers.

Conclusion

Buying a second home in Corfu can be a rewarding investment, combining the potential for rental income with personal enjoyment and long-term value. By understanding the local market, legal requirements, and your goals, you can confidently find a property that matches your lifestyle and investment needs.

Explore more properties and get expert guidance on buying a second home in Corfu today.