FAQs

General Questions

What is the Greece Golden Visa Program?

The Greece Golden Visa Program is a residency-by-investment initiative introduced by the Greek government in 2013. It enables non-EU nationals and their family members to obtain permanent residence permits in Greece through a qualifying real estate investment.

The program offers a straightforward and flexible pathway to European residency, with no minimum stay requirement. Successful applicants and their families benefit from visa-free travel across Europe’s Schengen Area and can renew their residence permits every five years.

Greece remains one of the few countries offering such a program, widely regarded as one of the most attractive and cost-effective residency-by-investment options in Europe.

The minimum investment threshold typically starts at €400,000, with limited exceptions for select qualifying projects starting from €250,000. Hollywood Hills is one of these rare qualifying developments. Contact us to learn more about how purchasing a property at Hollywood Hills can make you eligible for the Greece Golden Visa Program.

In most major Greek cities and high-demand areas, including Thessaloniki, the minimum property investment required to qualify for the Golden Visa program is €800,000.

Hollywood Hills is uniquely positioned as the only project in the area able to offer the significantly lower €250,000 threshold- a distinction that comes down to the nature of the development itself.

Rather than building from the ground up, Hollywood Hills involves the extensive renovation of an existing structure. This classification under Greek property law unlocks the lower investment tier, making it a rare and genuinely exceptional opportunity for international buyers seeking European residency through property ownership at a fraction of the typical cost in this market.

There are numerous benefits of a Greek Golden Visa, such as: the opportunity to live in European Union country with a permanent residence permit, visa-free access to the European Union, relocation of your entire family to Greece, high quality of life, access to excellent education systems, zero stay requirements, double taxation treaty for certain beneficiaries, pathways to citizenship by naturalization, and owning real estate property with the opportunity to rent it out and gain back returns.

Unlike residency by investment programs in Turkey, Dubai, Grenada, St Kitts, St Lucia, and Montenegro … Greece is an EU member state and thus, as a Greece Residence Permit holder, you would enjoy many of the rights of an EU citizen. This means that you and your entire family can enjoy visa-free travel through Europe’s Schengen Area.

The Schengen Zone consists of 29 European countries that have officially abolished visas and border control at their mutual borders and include:

Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and non-EU countries: Iceland, Liechtenstein, Norway.

Lastly, the Greek Golden Visa Program provides a clear pathway for foreign investors to become a Greek, and ultimately, an EU citizen. Whether you are a non-EU citizen seeking a second residency that offers phenomenal healthcare and education benefits, a foreign investor wishing to diversify your portfolio in a thriving real estate market, or a retiree looking for a vacation home in a warm and beautiful country, the Greek Golden Visa Program offers a straightforward path to achieving your goals.

At Hollywood Hills, we are committed to making the entire process as smooth and hassle-free as possible for our clients. Upon purchasing a home at Hollywood Hills and meeting the minimum investment requirement of €250,000, our team of experienced lawyers and accountants will initiate the Golden Visa application process on behalf of you and your family.

While we cannot guarantee the exact timeline for approval, we aim to submit your application within three months of the property purchase, provided that the full minimum investment amount has been paid.

To qualify for the program and obtain a renewable residence permit, applicants must have a clean criminal record and complete a real estate investment in Greece with a minimum value of €250,000, in addition to any applicable fees and taxes.

Furthermore, applicants must hold a property purchase agreement with Hollywood Hills that is free of conditions or exemptions. The contract must clearly state the method of payment and confirm that the minimum investment amount of €250,000 has been paid in full.

No, you don’t have to wait until your unit is fully renovated to obtain your Golden Visa. One of the standout features of Hollywood Hills is the ability to apply for your Golden Visa within months of paying for your unit.

This means you can start benefiting from your Golden Visa privileges well before your home is ready.

Requirements

Who is eligible to apply for a Greek Golden Visa?

Anyone who is a third-country national can apply for the Greek Golden Visa, meaning that anyone who isn’t already an EU or EEA country citizen can apply after making the minimum investment. All citizens of all nationalities are eligible for the Greek Golden Visa Program, with the exact same terms.

The legal, consulting and accounting teams at Hollywood Hills will work closely with you to prepare your Golden Visa application and perform due diligence to ensure that you meet some basic requirements, such as: being at least 18 years old, having valid medical insurance for yourself and your family, having a clean criminal record in the country where you are currently a resident, and being of “good character”.

Yes, when you buy a Hollywood Hills residence, family members of the principal applicant can also receive permanent residency from the same investment. Family members included are the main applicant’s spouse, unmarried children under 21 years of age, and the applicant’s parents, as well as their spouse’s parents, provided that these individuals are dependents of the applicant. In some cases, a child older than 21, but no older than 24, can be included if they are still studying.

The following family members are eligible for a Greece Golden Visa with the main applicant:

  • Spouses
  • Children under the age of 21
  • Parents of the main applicants
  • Spouse’s parents or Parent’s in law
  • Unmarried partners are not considered to be family members

To qualify for a Golden Visa in Greece, the minimum real estate investment is generally €400,000. In high-demand locations such as Athens, Thessaloniki, Santorini, and Mykonos, this threshold increases to €800,000.

The good news is that all residences within our exclusive Hollywood Hills development fall under the applicable exception criteria, allowing you to qualify for a Golden Visa with an investment starting from €250,000!

In addition to the property purchase, buyers should also budget for associated costs, including property registration, notary, legal, and applicable government fees.

The main applicant must pay €2,000 for the first application and subsequent renewals. Additionally, each family member over the age of 21 must pay €500, while those under the age of 21 must pay €150.

Note that the minimum amount does not include the Value Added Tax (VAT). In cases of joint ownership of the real estate property by spouses, the residence right is granted to both spouses.

Some estimated costs to consider for real estate property investments:

  • Property Transfer Tax: about 3.09 percent of the real estate property value
  • Notary Public Fees: about 1 to 1.5 percent of the property value
  • Land Registry Fee: about 0.6 to 0.8 percent of the property value
Payment to the Greek
  • Golden Visa Application Fee: €2,000 for the main investor, and €150 per additional family member
  • Greek Healthcare Insurance: about €100 for adults and around €80 for dependent children according to their age
  • Golden Visa Renewal Fee: about €500 when the time comes
  • Appointed Lawyer Fees: depending on the lawyer and the services provided

Golden Visa process through Hollywood Hills

What is the process to apply for a Golden Visa through Hollywood Hills?

Step 1: Property Selection

Start by browsing through our 98 luxurious units and floor plans at Hollywood Hills. Find the residence that matches your preferences and needs. Our experienced sales team are ready to assist you with any inquiries and questions you might have.

Step 2: Purchase Agreement

Once you’ve chosen your ideal apartment, we’ll finalize the purchase agreement. This includes signing the contract, the KYC & AML forms, and providing the deposit. Remember, any property purchase within our Hollywood Hills project automatically qualifies you for the Golden Visa application.

Step 3: Golden Visa Application Initiation

Upon completion of the purchase agreement and full payment of the minimum investment amount of €250,000, we will initiate the Golden Visa application process for you and your family. Our dedicated in-house team of lawyers, immigration consultants, and accounting professionals will manage every step of the process, ensuring a smooth and efficient experience while handling all administrative and legal complexities on your behalf.

Step 4: Essential Documentation and Formalities

Our professional team will help you open a Greek bank account, obtain a Greek Tax ID, and secure health and medical insurance for you and your family. All these are necessary requirements for the Golden Visa application.

Step 5: Application Submission and Processing

After all documents are collected and formalities complete, we submit your Golden Visa application. Our team will follow up and navigate the bureaucracy to ensure your application is processed as quickly as possible.

Step 6: Celebrating Success

Once your Golden Visa is approved, you and your family are granted residency in Greece. Enjoy your new luxury residence in Hollywood Hills and welcome to your new home!

Hollywood Hills offers comprehensive Concierge Services to assist you throughout your application process. If you opt into our service package, we will apply for your Golden Visa on your behalf, complete all the requisite paperwork, assist you in opening a bank account and obtaining a Greek tax ID, help you obtain acceptable life and health insurance, and provide you with 24/7 translation services.

Further, our accounting and legal team will be at your service to answer your questions and ensure that your application is completed to the highest standard. Our goal is to provide a hassle-free and comprehensive Golden Visa application service, so that your application has the highest chances of being approved.

The Golden Visa program offered by Hollywood Hills is a pathway to Greek residency through property acquisition.

The process is simple, and our team of lawyers, accountants, and consultants will work with you to secure a Greek Golden Visa for you and your family.

To qualify for the Golden Visa program, you need to invest in property in Hollywood Hills Greece. 

By participating in the Greece Golden Visa program, you can enjoy numerous benefits. Not only do you acquire a luxurious residence in Hollywood Hills, but you also gain the opportunity for an income property or permanent living.

Additionally, the program allows your entire family to obtain Greek residency. You can also enjoy visa-free travel to 29 countries in the Schengen Area and 54 other countries, along with access to great education, healthcare, and much more.

The Golden Visa program provides a pathway to Greek residency for your entire family, including up to 10 people. The program offers residency for 5 years, which can be easily renewed for another 5 years. After residing in Greece for a total of 7 years, you become eligible to apply for citizenship.

Yes, by investing in a Hollywood Hills property, you can indeed use the acquired property as a luxurious vacation or vacation rental home while still qualifying for the free Greek Golden Visa. One of the notable advantages of the Greece Golden Visa is that it does not have any minimum stay requirements.

Absolutely! The property you acquire through the Golden Visa program can serve as an idyllic home for permanent living in Hollywood Hills and Thessaloniki.

To get started with the Golden Visa program, you can contact your Hollywood Hills client relationship manager and inquire about the property acquisition process and the requirements for participation in the program. 

The 29 Schengen countries that you can travel to visa-free are:


Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and non-EU countries: Iceland, Liechtenstein, Norway.

With Greece’s Golden Visa, you can travel visa-free to a range (54) of countries. Some of the countries included are Albania, Antigua and Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Bosnia and Herzegovina, Brazil, Chile, Colombia, Costa Rica, Dominica, Dominican Republic, Ecuador, El Salvador, Georgia, Grenada, Guatemala, Haiti, Honduras, Hong Kong SAR, Indonesia, Israel, Jamaica, Japan, Kazakhstan, Kyrgyzstan, Macao SAR, Malaysia, Mauritius, Mexico, Moldova, Montenegro, Morocco, Nicaragua, North Macedonia, Panama, Paraguay, Peru, Philippines, Qatar, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Serbia, Seychelles, Singapore, South Korea, Taiwan, Thailand, Tunisia, Turkey, and Uruguay. 

The Greek Golden Visa Program extends its benefits to include certain family members of the investor. These include:

  • The spouse or partner who is legally married or has signed a cohabitation agreement in Greece.
  • Children under 21 years of age at the time of the investment, extending up to their 24th birthday.
  • Parents and parents-in-law of the primary investor.

In preparation for your Golden Visa application and the opening of a Greek bank account prior to property acquisition, you’ll need to have the following documents officially issued and translated into English:

  • Two forms of identification.
  • Proof of permanent home address, for instance, a mobile phone bill or electricity bill.
  • Documentation of profession and annual income.
  • Evidence of funds, such as bank statements.

The requirements might vary based on individual circumstances, so we recommend getting in touch with us for guidance on obtaining the appropriate documents according to your professional status and country-specific regulations.

While the investor residence permit, or Golden Visa, doesn’t grant the right to employment, it doesn’t restrict the holder from engaging in economic activities as a shareholder, business founder, Digital NOMAD, CEO or owner of your own company, or Board Member. 

Application Process and Timeline

What documents are required for the Greece Golden Visa?

The current required documents for the Golden Visa application include:

  • A certified copy of a valid passport, or other travel documents recognized by Greece
  • Certified proof of active Greek health insurance for all applicants and their family members
  • Certified proof of payment of processing fees and relevant government fees
  • Notarized real estate purchasing agreement
  • Applicants may be requested to provide other documents pertaining to their investments, and their ties to any affiliated family member.

We cannot give you a precise date when you will receive your Golden Visa, but we aim to have your application submitted within three months of completing the property purchase.

The residence permit through Golden Visa Greece is renewable every five years, provided the holder maintains a property or investments in Greece and still meets all the eligibility requirements.

As of December 2020, you do not need to visit Greece before or during the application procedure. However, you will need to go to Greece once your application has been approved in order to submit biometric information for you and your family.

Logistics

Can I travel to other countries within the EU with a Greek residency permit?

One of the best parts about obtaining Greek residency by investment is the limitless EU travel enjoyed by Greek citizens. Greece is a member of the EU Schengen Zone, so the holders of the Greek Golden Visa enjoy the privilege of free movement within the Schengen Zone, without any requirement for further visa applications.

The Schengen Area includes the following countries: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.

Those with Greek residency can enjoy unrestricted travel around the likes of France, Germany, Italy, Spain, and other EU member states – as well as many countries around the world – without a visa, breezing through airport lines, crossing over borders without any interruptions, and seeing all the wonders and beauty of the European continent with no hassle whatsoever. Not to mention that the Greek Passport is ranked as the 7th strongest passport in the world, which allows you to travel to 185 countries without a visa!

Another major benefit of obtaining a Golden Visa through the purchase of a home at Hollywood Hills Greece is that there is no minimum requirement for our homeowners to reside in Greece to maintain their residency permit.

You have to pay taxes only on the income you receive in Greece, thanks to the double taxation treaty. Of course, if you spend most of the year there, you become a tax resident in Greece and must pay taxes. Keep in mind that being a tax resident is a requirement to apply for citizenship.

Greece entered into double taxation agreements with 57 countries, allowing many Golden Visa holders to enjoy certain tax benefits. Countries that have a double taxation treaty with Greece include:
Albania, Armenia, Austria, Azerbaijan, Belgium, Bosnia-Herzegovina, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Hungary, Iceland, India, Ireland, Israel, Italy, Korea, Kuwait, Latvia, Lithuania, Luxembourg, Morocco, Mexico, Malta, Moldavia, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, San Marino, Serbia, Slovakia, Slovenia, South Africa, Sweden, Spain, Switzerland, Turkey, Tunisia, Ukraine, United Arab Emirates, United Kingdom, United States, and Uzbekistan.

As of 2021, the Greek Government introduced many tax incentive programs for non-residents in Greece. Depending on your country of residence and the amount of time you spend in Greece, it is likely that your international income may not be subject to taxation in Greece.

Greece provides tax benefits to foreigners living in the country as tax residents, offering various incentive programs for retirees, digital nomads, and her expat demographics, making Greece one of the best countries in the world for low taxation! Our “Golden Concierge” tax accountants will work with you following your arrival in Greece to determine and set up the best tax structure globally for your unique needs!

Yes, the main applicant and their family members are eligible to apply for Greek citizenship after maintaining 7 years of residence in Greece.

General Questions

What are the Steps to Buy a Home in Hollywood Hills?

Step 1: Begin your journey by connecting with our seasoned real estate consultants at Hollywood Hills. They are poised to guide you to your dream property from our available villas.

Step 2: Once your perfect home is chosen, engage in a straightforward purchase and sale agreement, backed by an initial deposit of merely 25%. With Hollywood Hills, your ease is our priority.

Step 3: We are dedicated to transforming your dream home into a reality by December 2027.

Step 4: Witness your dream turning into reality! Participate in the final inspection, and upon your satisfaction, give your sign-off when the renovation is immaculately completed.

The monthly maintenance fees at Hollywood Hills start from €95 per month based on the size of your unit. These fees cover a wide range of premium facilities and services, including:

  • Concierge service
  • Gardening and external repairs
  • 24-hour security and concierge
  • Pool maintenance
  • World-class amenities such as gated community, 24 hour security, spa, gym, tennis courts, running tracks, business center, and more.

As a homeowner, you will be responsible for paying for your own property taxes, electricity, gas, water, and internet bills.

Yes, when purchasing a property in Greece, you should plan on setting aside approximately 6% of the purchase price for closing costs. This will cover the cost of a 3% land transfer tax to the Greek government, as well as 2% for the services of a lawyer and notary public.

For example, if you were to purchase a house for €275,000, your closing costs would be approximately €16,500.

Yes, property taxes in Greece are some of the lowest in Europe, ranging from 0.1% to 0.55% of the property’s value each year. For example, for a property worth €200,000, you would expect to pay €200 – €400 in property taxes each year. 

Hollywood Hills takes the safety and security of its residents very seriously and has put in place a comprehensive security system that includes 24-hour surveillance and a concierge. The community also has a state-of-the-art fire alarm and suppression system to ensure that residents are protected in case of an emergency.

Additionally, all access points to the community are secured with keyless entry to ensure that only residents and authorized guests are able to enter the community.

Hollywood Hills is expected to reach completion in December 2027. Early investors benefit from securing their residence- and Golden Visa eligibility- at today’s pricing, with the confidence of a clear and defined delivery timeline. 

Every residence at Hollywood Hills has been designed with an uncompromising attention to detail, drawing on contemporary minimalist aesthetics inspired by modern Californian architecture. Natural materials and earthy tones run throughout, creating interiors that feel warm and considered rather than cold or clinical.

Large openings and expansive glazing ensure each home is flooded with natural light, while the seamless connection between indoor and outdoor living is central to the design ethos.

Oreokastro is widely regarded as one of the most desirable neighbourhoods in Thessaloniki – a quiet, green, and affluent area that offers a genuine sense of community, traditional tavernas, and local shops, all just five minutes from your front door.

Thessaloniki city centre is just 20 minutes away – one of Southeastern Europe’s most exciting and fast-evolving cities, where two millennia of history sit alongside a world-class culinary scene, a stunning Aegean waterfront, and a nightlife culture that is second to none in Greece. From the iconic White Tower to the converted warehouse bars of Ladadika and some of the finest seafood restaurants in the Mediterranean, the city has something for every mood and occasion.

Hollywood Hills was designed with the modern professional in mind. A dedicated co-working space sits at the heart of the community, while the heated pool, tennis courts, fitness centre, and hiking trails ensure that switching off at the end of the day is just as effortless as logging on.

The surrounding calm of Oreokastro provides the focus and clarity that productive work demands, while Thessaloniki city centre- just 20 minutes away – offers all the energy and connectivity of a major European city whenever you need it.

Yes – residents are free to rent out their property when not in use, making Hollywood Hills as much an investment opportunity as it is a place to call home.

Yes, Hollywood Hills is a pet-friendly development. With hiking trails, landscaped gardens, and the green surroundings of Oreokastro on your doorstep, it’s a wonderful environment for pets and their owners alike.

Parking is an essential part of any home, and at Hollywood Hills, we understand the importance of this. That’s why most of our homes come with parking as standard. I

In addition, we will be offering parking area for visitors, making it easy for your guests to park their car and get on with enjoying their visit. With secure, convenient parking, you can rest assured that your car will always be safe and within easy reach.

Absolutely! Whether you’re looking to rent out your property to cover ownership costs, mortgage payments, Hollywood Hills is the perfect choice.

With unique amenity living, not to be found anywhere else in northern Greece the building is a very attractive rental for many professionals, digital nomads, expats, couples and students.

Hollywood Hills is located within 5 minutes of numerous great restaurants along the water serving the best cuisine in the beautiful upscale area of Oreokastro in Thessaloniki.

Additionally, major supermarket chains like Masoutis are also just 5 minutes away, while you can reach Aristoteles Square in downtown Thessaloniki in less than 15 minutes. Thessaloniki international Airport is just a 20 minute drive.

At Hollywood Hills, we understand that everyone has their own vision of their dream home, complete with furniture and other personal touches that make it feel like home; therefore they are unfurnished.

The cost of furniture is estimated to be around €7,500-€10,000 per unit, depending on your choice of furniture.

Our projected occupancy date is set for December 2027, a commitment we firmly stand by.

Hollywood Hills offers a curated collection of amenities befitting its hilltop setting. A heated outdoor pool, tennis and paddle courts, a football pitch, basketball court, running track, and private hiking trails ensure an active lifestyle, while the zen fishpond and beautifully landscaped gardens with a dedicated BBQ terrace invite moments of quiet indulgence.

A fully equipped fitness centre and sophisticated co-working space complete the experience, all supported by dedicated concierge and maintenance services.

Residents benefit from dedicated concierge and full maintenance services, including pool cleaning and gardening, ensuring the property and everything within it is always impeccably maintained. For specific details on service hours and availability, please contact our team directly.

In Hollywood Hills, each property owner is responsible for settling utility bills, including electricity, water, gas, and internet, directly with local service providers.

Absolutely. Each residence at Hollywood Hills is outfitted with brand new appliances, including:

  • Integrated refrigerator and freezer
  • Convection oven

  • Induction cooktop

  • Air conditioning

  • Heating system

With these inclusions, each residence is designed to blend luxury with functionality, delivering a refined, contemporary living experience.

Certainly. At Hollywood Hills, the maintenance fee starts at approximately €90 per month, depending on the size of the unit.

This includes services such as 24-hour concierge, gym access, maintenance of pools, grounds and gardens, garbage removal, business centre, and overall upkeep of shared amenities. The intention is not to generate profit, but to cover the actual costs associated with maintaining the property and its standards.

Any future adjustments will reflect the real cost of maintaining the level of service and quality residents can expect.

For your real estate transaction at Hollywood Hills, the Closing Costs are roughly estimated at around 6% of your chosen residence’s purchase price. It’s important to note that this is a provisional figure, and actual costs may fluctuate or be somewhat lower.

All Closing Costs are borne entirely by the Purchaser and are expected to be settled at the time of title transfer or upon submission of your Golden Visa application to the Greek government.

Here are the typical elements that constitute these costs in the context of Greek real estate:

  • Real Estate Transfer Tax: This is set at 3.09% of whichever is higher between the property’s market or “objective” value.
  • Property Registration Fee: This is gauged at 0.475% of the higher value between the property’s “objective” or market valuation. On top of this, there’s a 24% VAT, and the Bar Association Social Security Agency imposes an extra charge of 0.125%.
  • Notary Public Fee: This cost varies depending on the greater of the market or the “objective” value of the property. The rates oscillate between 0.80% and 0.10%, and a 24% VAT is applied.
  • Legal Fee: This will be specified based on the transaction specifics and will be added to the overall cost.

Privacy and security are foundational to the Hollywood Hills experience. The development is designed as a gated hilltop community, offering residents a naturally secluded environment with controlled access and dedicated on-site management. For full details on the specific security systems and technologies in place, please reach out to our team directly.

Each residence at Hollywood Hills has been thoughtfully designed to feel open and expansive, with large openings that blur the boundary between indoor and outdoor living.

Private terraces are a feature of every home, framing sweeping panoramic views across the green hills of Oreokastro and beyond – a backdrop that changes beautifully with the light throughout the day. For specific floor plans, sizing, and available units, please contact our team directly.

We are excited to be embarking on the transformation of this unique project, where a former 5-star hotel has been thoughtfully re-zoned into premium residences. Preliminary renovation works are already underway, and we are targeting completion with handover scheduled for December 2027. Backed by over two decades of industry experience and supported by our trusted construction partners, we are highly confident in delivering the project on schedule.

For those eyeing the Greek Golden Visa, there’s more good news. There’s no need to await the project’s completion to apply for the visa. Upon completing the minimum required investment of €250,000 and closing costs, we will work closely with Golden Visa lawyers to compile, prepare, and submit your application to the government. Details about the Greek Golden Visa requirements are conveniently laid out in the Golden Visa section of our website.

At Hollywood Hills, we deeply value the rich cultural tapestry of Greece. From architecture inspired by Greek heritage to the use of local materials that reflect the country’s natural beauty, the residences are thoughtfully designed to blend local character with a refined, modern living experience. 

The Greek real estate market is one of the hottest and growing markets in the world, attracting international buyers and investors. This is due to a combination of factors, including the country’s political stability, high quality of life, fantastic weather, rich culture, and stunning natural beauty.

The cost of living in Greece is lower compared to the United States and Europe, by 28% to 37%. From housing and dining out to healthcare and even hair care, the average cost of living is relatively low.

A single person can expect to spend approximately €700 per month, while a family of four may require approximately €2,200 per month. For international students, the average monthly cost of living in Greece, excluding rent, is roughly €700.

According to the Bank of Greece, house prices in urban areas rose by 11.32% in the year up to Q3 2022, following year-on-year increases of 10.26% in Q2 2022, 10.35% in Q1 2022, 10.81% in Q4 2021, and 9.4% in Q3 2021. In fact, this was the best performance since Q4 2006. Greece has even been named by Prem Watsa, Canada’s Warren Buffet, as the best country to invest in 2023.

In August 2023, Morgan Stanley recognized Greece as the premier emerging market globally. We’ve compiled a White Paper offering insights into the Greek real estate landscape, along with a comparative analysis of Hollywood Hills’s value relative to other properties in the vicinity.

Greece is known for being one of the safest places in the world to live and raise a family. Serious crime is rare, and there is a dedicated police force in place to assist the international community. You can rest assured that your safety and security are well taken care of in Greece.

Greece is known for its commitment to providing high-quality education to students of all ages. The schools and universities in Greece offer a range of benefits that make the country an attractive destination for students from around the world.

High-Quality Education: The academic standards in Greek schools and universities are rigorous, and students receive a comprehensive education that prepares them for success in their personal and professional lives. Teachers are highly qualified and experienced, and the curricula are designed to challenge students and help them achieve their full potential.

Access to Cutting-Edge Technology: Greek schools and universities invest heavily in technology, providing students with access to the latest equipment, software, and online resources. This technology-rich environment supports students’ learning and helps them to stay up-to-date with the latest developments in their field of study.

Strong Cultural Heritage: Greece has a rich cultural heritage, and schools and universities play an important role in preserving and promoting this heritage. Students can learn about the history, art, literature, and philosophy of ancient Greece through their curricula and extracurricular activities, gaining a deeper appreciation for their cultural heritage.

Opportunities for International Study: Many Greek schools and universities have partnerships with institutions around the world, providing students with opportunities to study abroad and gain a global perspective on their field of study. This exposure to different cultures and ways of thinking can help students to broaden their horizons and develop a more nuanced understanding of the world.

Career Opportunities: Graduates of Greek schools and universities are well-prepared for careers in a variety of fields, including business, technology, engineering, and the arts. The education they receive equips them with the skills and knowledge they need to succeed in their chosen field, and the strong cultural heritage of Greece helps them to develop a unique perspective that sets them apart from their peers.

The education system in Greece stands out as one of the best. Those opting to study in Greece are guaranteed a comprehensive and fulfilling educational experience. To assist you further and offer in-depth insights into the Greek Education System, we’ve curated a White Paper for your perusal.

Of course. If desired, we can recommend a selection of trusted local insurance providers in Greece. Our aim is to ensure residents receive competitive rates and comprehensive coverage aligned with their specific needs. 

Greece is emerging as a tax haven in Europe. Under its alternative taxation regime, individuals face a 7% flat tax on foreign source income, paid yearly in a lump sum by July’s end. This tax doesn’t offset other tax balances.

For a comprehensive overview, refer to the KPMG Whitepaper on Personal and Business Income Tax in Greece.

Have more questions?

Register Your Interest