Regional Information - Foreign Ownership > Greece, Europe

Feature Island

Regional Information

Greek islands are the ultimate status symbol, evoking images of sunglass sporting shipping magnates sipping champagne on the deck of enormous yachts. In reality, Greek islands are relatively affordable, costing as little as two million dollars - less than a ski chalet in Aspen or a walk up on the Upper East side. The hot dry summers in Greece are perfect for lazing around your island, sipping Ouzo and skinny-dipping in the Mediterranean. Some private islands in Greece are available on a freehold basis. If you require tourist amenities while visiting your private island, winter is pretty quiet in Greece as most of the tourist infrastructure goes into hibernation.

Greece, Europe

Foreign Ownership of Islands in Greece, Europe

Purchasing an island in Greece is relatively straightforward. Regardless of nationality, anybody can be a property owner. The only exceptions occur when purchasing an island near a national border or military land. Non European citizens will not be granted permission to buy near national borders. Foreign buyers should retain a local lawyer with knowledge of land and real estate law. All the paperwork involved in the purchase of a private island will be in Greek, so it’s necessary to have someone working for you who can translate and decipher the red tape.

Regional Statistics for Greece, Europe

Location:: Southern Europe, bordering the Aegean Sea, Ionian Sea, and the Mediterranean Sea, between Albania and Turkey
Population:: 10,688,058
Languages:: Greek 99% (official), English, French
Capital:: Athens
Currency:: Euro
Climate:: temperate; mild, wet winters; hot, dry summers
Temperature Range:: +4 to +32
Terrain:: mostly mountains with ranges extending into the sea as peninsulas or chains of islands
Natural Hazards:: severe earthquakes