Buying a cheap house in Greece is possible, especially in rural areas, smaller islands, and less touristy regions. Here’s how you can do it:
1. Choose the Right Location
Cheaper Areas: Northern Greece, Peloponnese, Crete (inland villages), Epirus, and some less popular islands (e.g., Ikaria, Thassos, Limnos).
Avoid Expensive Areas: Athens, Santorini, Mykonos, and Corfu tend to be pricey.
2. Look for Foreclosures & Auctions
Greek banks sometimes auction properties at discounted rates. Websites like e-auction.grlist available properties.
Repossessed houses from Greek financial crises may still be available at lower prices.
3. Consider Renovation Projects
Abandoned stone houses in villages can cost as little as €10,000–€30,000but may need renovation.
Check Greek property websites(Spitogatos, XE.gr, Spiti24) for listings.
4. Work with Local Real Estate Agents
Agents can help find hidden gems not listed online.
Negotiating is common, so always offer lower than the asking price.
5. Direct Deals with Owners
Greek owners often sell directly without listing publicly.
Join Facebook groupsor check local classifieds.
6. Look for Government Incentives
Some Greek islands (e.g., Antikythera) offer grants or free landto attract new residents.
7. Check Legal Requirements
Hire a Greek lawyerto ensure no hidden debts on the property.
Non-EU citizens may need permission for properties near border areas.
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