Holiday homes: Retirement under the palms – Where in Greece the retirement home is still affordable
More and more Germans want to spend their retirement permanently in Greece. In addition to the sun, tax benefits are also attractive. The Handelsblatt names regions that are still affordable.
Athens. A seaside home, mild winters, and plenty of time under Mediterranean sun: For many Germans, Greece is more than a holiday destination. A house in the south serves as a retreat for vacations and can later become the focal point of a new life chapter. The extent of this trend is evident in figures from Dutch property intermediary Elxis – At Home in Greece.
Roughly 30% of foreign clients the company serves want to buy property in Greece to live there permanently, says Elxis Managing Director Giorgos Gavriilidis to the Handelsblatt. Among German clients, this figure applies to roughly one in five, Gavriilidis adds. According to consumer price data from Numbeo and Living Cost, living expenses in Greece are about 20% lower than in Germany.
Additionally, the Greek government attracts foreign retirees with tax incentives. Political and economic uncertainty in Germany may also influence the decision to choose Greece, Gavriilidis notes. However, in which parts of the country does buying make sense?
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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