How to rent a property in Greece, via an Estate Agent, an agent who specializes in overseas property, or if renting a property.
Here are some things to consider when renting a property in Greece:
Finding a home, apartment or villa to rent.
Owners or agent can advertise their properties in locally, or on "for rent websites", especially international property listing sites that provide rental options. By advertising locally, nationally, and internationally the owner or agent of the property or properties will increase their opportunities. For websites locally check-out Spitogatos.gr, Xe.gr, and HomeGreekHome.com.
A real estate agent can help you find a property, negotiate the contract, and manage the paperwork. You can expect to pay extra fees and deposits, usually the equivalent of one month's rent.
Here are some other tips for renting a property in Greece: Start early: Start your research early and use multiple platforms.
Set a budget: Decide on a budget and the size of the accommodation you need.
Check listings regularly: Check listings regularly and enable notifications for new ones.
Call the owner or agent: When you find a place you like, call the owner or agent immediately to arrange a viewing.
Research and negotiate: If you decide to rent directly from a landlord, make sure that you research and negotiate the rent.
In Greece, residential rentals have a minimum legal duration of three years. The contract terminates automatically at the end of the contract period, without need for notice.
Note this information is purely a guide, and if selling or renting in Greece, we advise you to seek professional help as relates to your specific needs.
Find out how to list a property in Greece for rent here.
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Greece has the twelfth longest coastline in the world at 13,676 km (8,498 mi) in length, featuring a vast number of islands (approximately 1,400, of which 227 are inhabited), including Crete, the Dodecanese, the Cyclades, and the Ionian Islands among others with Mykonos and Samos being a particular favourite for vacationers. Eighty percent of Greece consists of mountains, of which Mount Olympus is the highest at 2,917 m (9,570 ft).
Greece has land borders with Albania, the Republic of Macedonia and Bulgaria to the north, and Turkey to the east. The Aegean Sea lies to the east of mainland Greece, the Ionian Sea to the west, and the Mediterranean Sea to the south.
Modern Greece traces its roots to the civilization of ancient Greece, generally considered the cradle of Western civilization. As such, it is the birthplace of democracy, Western philosophy, the Olympic Games, Western literature and historiography, political science, major scientific and mathematical principles.
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, which is deemed as affordable when compared to other luxury property markets, can offer high-end real estate at lower price points than hotspots like the French or Italian Rivieras, still with excellent growth and demand, and Greece offers many buyers the attraction of purchasing into the Greek lifestyle that has a great appeal, where buying through a real estate agent or buying direct from the owner.
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.
With the Golden Visa residency as an option those buying for personal use or as an investor in Greece real estate, whether the aim is short-term rental income, capital gain, or a mix of personal use and renting for income should be considered.
