Owning a property in Greece is generally affordable when it comes to ongoing expenses. The main costs include taxes, utilities, and—depending on the property—shared maintenance fees.
Property insurance is optional in most cases. The exception is when the property is financed through a loan, where banks usually require coverage.
Typical annual insurance costs range around €300–€350, depending on the size and type of property.
Utility bills are based on actual usage.
For an average apartment (around 50 m²), yearly utility costs can go above €600 if the property is used throughout the year.
Common utilities include:
If the property is part of a building or residential complex, there are shared expenses.
These may cover:
In more organized developments (with gardens, pools, security, etc.), annual costs can start from €600+ and increase depending on the level of services.
Standalone houses vary depending on location and facilities.
Buying property in Greece comes with several advantages:
The property system in Greece is well-established and reliable.
Ownership rights are strongly protected, and all transactions are officially recorded and verified by state authorities.
