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10 Reasons Why You Should Buy a Holiday Home in Greece

As one of the last “undiscovered” European paradises for vacation homeowners, Greece is an ideal destination to invest in for the whole year.  Greece has a unique natural landscape comprising over 2,000 islands, and a mountainous mainland that has over twenty ski resorts.

The Hellenic country also has a dynamic consumer culture consisting of cafes, bars, restaurants and sports activities, which complement the famous cultural atmosphere of Greece’s rich history and ancient civilization. It is for these reasons that Greece typically scores very high on the most important considerations for holiday homeowners.

Here are 10 reasons to buy a holiday home in Greece:

  1. Accessibility. Accessing Greece is prompt and easy via all modes of transportation including car, plane and ship. The country has more than twenty international airports to which many airlines plan to increase their flights.
  2. Climate. Greece enjoys an ideal climate throughout the year, with an average temperature of 18 degrees, and over 200 days with an average 8.5 hours of daily sunshine. Greece is an ideal location for those who enjoy an outdoors lifestyle of sun, sea and sand, as well as outdoor activities such as water sports.
  3. Culture. Another of Greece’s attractions is its 232 archeological interest sites, including over 400 museums, seventeen UNESCO World Heritage natural and cultural sites, and 2 of the 7 wonders of the ancient world: the Statue of Olympian Zeus and the Colossus of Rhodes.
  4. Coastline. Because it has over 2,000 islands in its territory, Greece has the longest coastline of the Mediterranean, as well as one of the longest coastlines in the world. The Greek coastline measures 13,676km, which is longer than that of Spain and Portugal combined, and features about 400 beaches that are awarded with blue flags.
  5. Quality of Life. In destinations outside of Athens, the capital, the quality of life for Greek people is indexed at 80.5. Also, because English is widely spoken in Greece, foreigners will be able to enjoy integration effortlessly into Greek society.
  6. Low Crime. The fact that Greece has a low rate of crime is another reason to live here.
  7. Moderate Cost of Living. Greece also has a moderate cost of living that makes it an ideal destination to live in during your holidays.
  8. Investment Opportunities. Tourism offers great opportunities for the real estate market in Greece. This, combined with improvements to infrastructure such as airports, roads and integrated resorts development, will undoubtedly add great value to your holiday home investment.
  9. Low Taxes. Another reason to purchase your vacation home in Greece is the fact that the Greek government reduced the property transfer tax to 3% from its previous 10%. This is in its attempt at boosting the property market’s recovery.
  10. Laws. A new legislative framework recently introduced in Greece is designed to reinforce an environment that is investment-friendly, with less bureaucracy and more transparency. Moreover, in an effort to attract the interest of real estate investors, more benefits are offered such as granting of resident permits renewable every 5 years, for investments over a certain amount to non-EU residents and their families.