Distressed and Foreclosed Properties in Santorini, Greece

Looking for distressed or foreclosed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.

Santorini, located in the southern Aegean Sea, is probably the if not one of the most famous islands in Greece. Situated about 200 km (120 miles) southeast of mainland Greece, Santorini has always been among the world’s top travel destinations.

One things that stands out is that due to limited land availability on the island, buying luxury properties in Santorini, or investing in luxury real estate is highly sought after by private buyers and investors.

There are many places to find distressed or foreclosed properties in Santorini, Greece, for example you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.

Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.

Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.

If you are in the area you are focussed on, you can drive around neighborhoods looking for vacant properties, and you may find cheap distressed Santorini, Greece property for sale with broken windows, or online you may find contacts for attorneys, property managers, and bankruptcy lawyers who may know of distressed or foreclosed real estate in the area.

If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.

Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.

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