Is Greece a good place to live? Pros and cons of living in Greece

Greece is a sought-after destination, not only for tourists but also for those considering a more permanent move abroad. But is Greece a good place to live? There are plenty of pros in favor of moving to Greece. Many people are choosing Greece as their retirement location or a temporary base for remote work, drawn by the nation’s awe-inspiring marine landscapes, rich history, charming towns and villages, and delicious Mediterranean cuisine.

Greece has its fair share of cons as well. In contrast to its natural beauty and amazing potential, the country’s administration and logistics is ridden by bureaucracy, inconsistencies and a weak job market.

Surprisingly, 8% of Greece’s residents and island dwellers are now non-Greek, and a growing number of Americans are making the transition, enticed by the strong dollar’s advantages, which translate into lower housing costs and a more economical cost of living. On average, the cost of living in Greece is 12% less than in the United States, with some expenses being up to 60% cheaper depending on your chosen location.

What are the pros of living in Greece?

1. A Relaxing Lifestyle

Greece offers a pleasant climate, stunning beaches, colorful cities, and breathtaking islands. With many months of warm, sunny weather and short winters, the Greek people maintain a good work-life balance, including lengthy siestas to escape the summer heat, numerous religious festivals and ‘name day’ celebrations to participate in, and a strong emphasis on family life.

2. Rich Cultural Heritage

Athens alone draws more than six million tourists annually, thanks to its numerous renowned archaeological treasures, including the Parthenon and Acropolis. Exploring the Minoan city of Knossos on Crete is another compelling reason to visit. Both the mainland and Greek islands boast numerous archaeological and historical sites and monuments. For those intrigued by Greek mythology, there are captivating stories and characters to discover, along with rich folklore in many communities.

3. Low Cost of Living

Prices in Greece are generally lower than in other EU countries, encompassing Greek housing costs (both buying and renting), public transportation, and fuel. However, prices do vary depending on your choice of location. Popular tourist cities or island hotspots tend to have higher prices, whereas smaller rural areas offer more affordability. Food prices are budget-friendly if you dine like a local, with fresh seasonal fruits and vegetables at reasonable prices. Greek households prefer fresh goods, making daily shopping a way of life.

4. Healthy Diet

Greece boasts the traditional Greek diet, flavorful and nutritious, rich in fiber, antioxidants, healthy fats, and vitamins. Seasonal plant-based foods, nuts, seeds, legumes, and whole grains are staples, while fish is consumed abundantly. The high consumption of olive oil, averaging about 1/4 cup daily, contributes to Greece’s reputation for one of the world’s healthiest diets. Coupled with an active lifestyle as people age, the average life expectancy in Greece is an impressive 82 years, according to OECD.

5. Good Healthcare

Greece offers excellent healthcare services, although remote islands may have limited access. Emergency services are available free of charge to everyone. Most foreigners opt for private health insurance from local providers, which is both affordable and covers non-urgent treatments. Local pharmacies are a key resource, staffed by knowledgeable professionals who often speak English.

6. Low Crime Rates

Greece boasts some of Europe’s lowest crime rates, with opportunistic thefts being the most common crimes, particularly in urban areas and tourist destinations. Violent crime is rare.

7. Tax Incentives for New Residents

Greece introduced a new tax regime for individuals transferring their tax residence to Greece two years ago. This regime offers exemptions from income tax and the special solidarity contribution for up to 50% of employment income or income from individual business activity earned during the first tax year in Greece, subject to meeting certain criteria.

The disadvantages of living in Greece and tips on how to deal with them

1. Bureaucracy

Greece is notorious for its bureaucratic procedures, involving extensive paperwork not only in government offices but also in healthcare. Expect delays and complexities, but there’s no way around it, as it is one of the most engrained characteristics of Greek life.

Here are some tips for navigating Greek bureaucracy:

• Be Prepared with Documentation: Always have multiple copies of every document you might need. This includes passports, residence permits, tax numbers, and any other relevant paperwork.
• Certified Translations: If your documents are not in Greek, you will usually need to provide a certified translation. Use a recognized translator or service in Greece to ensure it’s accepted by the authorities.
• Apostilles: Depending on where your documents originate from, you might need an apostille, which is an international certification comparable to notarization.
• Hire a Lawyer or Consultant: Especially for more complex processes like buying property or starting a business, having a local lawyer or consultant can be invaluable. They understand the system, know the nuances, and can expedite processes.
• Use an Accountant: Tax matters in Greece can be intricate. An accountant will not only ensure you’re compliant but might save you money in the long run.
• Stay Patient: Expect delays and be prepared to make multiple trips to get something done. Patience is key. Remember that things might not move as quickly as you’re used to.
• Start Early: Don’t leave bureaucratic tasks to the last minute. Some processes can take longer than expected, so it’s better to start early.
• Network with Locals and Expats: Join expat groups or forums where you can get advice from others who’ve gone through similar processes. Their firsthand experience can be incredibly helpful.
• Regularly Check for Updates: Laws and regulations can change. Regularly check official websites or consult with professionals to ensure you have the most recent information.
• Make Appointments: Some offices may require you to schedule an appointment in advance. This can sometimes be done online.
• Keep Records: Always keep copies of forms, applications, and any communication. If there are discrepancies or challenges later on, having a record can be beneficial.
• Learn Basic Greek: While many officials and professionals speak English, especially in larger cities, knowing some basic Greek can be helpful. Moreover, showing that you’re making an effort to speak the language can be received positively.
• Local KEP Offices: Greece has set up Citizen Service Centers (KEP – Κέντρα Εξυπηρέτησης του Πολίτη) that can assist with various administrative procedures. These centers are designed to help citizens and residents navigate bureaucratic processes more easily.
• Respect the Lunch Break: Many public offices in Greece close for a few hours in the afternoon. Familiarize yourself with their working hours and try to arrive early in the day.

2. Varied Property Quality

The type of accommodation in Greece varies widely based on your chosen location, from city apartments to rural stone buildings. Always inspect properties in person, checking for available amenities and services. Internet and Wi-Fi may not be accessible in all areas, and electricity supplies can be unreliable in rural regions. It’s crucial to make price comparisons and ensure you have a signed lease contract if you’re renting an apartment or house in Greece.

Variation in property quality in Greece can refer to a few different aspects:

• Historical Structures: Due to its ancient history, Greece has many properties that are hundreds of years old. This includes Venetian-style homes in areas like Corfu, Ottoman-era structures, and neo-classical mansions in major cities. While they are rich in history and character, they may require extensive restoration and maintenance.
• Traditional Villas: Many Greek islands and rural areas feature traditional stone-built houses. These are usually single-story and have a rustic charm, often coming with thick stone walls that are naturally insulating.
• Modern Apartments: Especially in urban areas like Athens, Thessaloniki, and Patra, you’ll find modern apartment buildings, which can range from basic to luxury, depending on the area and the price.
• Holiday Homes and Villas: Popular tourist destinations, like Santorini, Mykonos, or Crete, have many holiday homes and villas tailored to the needs of vacationers. These are often modern with amenities catering to foreign tastes.
• Rural Houses: In rural areas, properties may not be as modern, and facilities might be basic. Some might lack comprehensive central heating or have dated plumbing.

Below are some tips and guidance for finding a quality home when buying real estate in Greece:

• Work with a Reputable Estate Agent: A local real estate agent with a good reputation can guide you through the process, provide insights about the area, and ensure you’re shown properties that meet quality standards.
• Inspect in Person: Pictures can be misleading. It’s essential to visit a property in person to assess its condition, get a feel for the neighborhood, and identify any potential issues.
• Check for Renovation Needs: Older properties might come at a lower upfront cost but may require extensive renovation. Factor in these costs when considering a property.
• Ask About Insulation: Greek homes, especially older ones, may not have the insulation standards you’re accustomed to. This can lead to colder winters and hotter summers inside the house. Check the quality of windows, doors, and the thickness of walls.
• Ensure Legal Clearance: Some older properties might have ownership disputes or unclear titles, especially in areas that have seen many historical changes. Always have a lawyer conduct a thorough check on the property’s legal status.
• Consider Connectivity: If you rely on the internet, especially if working remotely, ensure that the area has good connectivity. Some remote or island locations might have limited broadband options.
• Local Amenities: Check the availability of local amenities like grocery stores, hospitals, schools, and public transportation. This is particularly important in remote areas or lesser-known islands.
• Water and Electricity Supply: Especially in more remote areas or islands, check the reliability of water and electricity supplies. Some areas might face occasional shortages or outages.
• Talk to Locals: They can provide insights into the area, the quality of local services, and any potential issues with the property or neighborhood.
• Negotiate: Prices can often be negotiated, especially if you’ve identified areas that might require additional investment, like renovations or repairs.

3. Language Requirement

If you intend to apply for Greek residency, speaking Greek is a necessity. Even if it’s not your plan, learning Greek can significantly ease everyday life, especially in smaller towns or rural areas. It’s also essential for working in Greece, but learning Greek can be quite challenging, as it involves mastering a new alphabet.

Being able to speak the Greek language can be a rewarding experience, especially if you’re planning to live, work, or travel in Greece. Here are some tips and strategies to help you on your journey to mastering Greek:

• Start with the Alphabet: The Greek alphabet is different from the Latin one. Familiarizing yourself with it is crucial. Practice writing and pronouncing each letter. There are many online resources, apps, and flashcards that can help.
• Focus on Common Phrases and Vocabulary: Begin with everyday phrases and vocabulary you might use in daily life. This will not only boost your confidence but also make your initial interactions in Greek more meaningful.
• Practice Listening: Listen to Greek music, watch Greek movies or TV shows with subtitles, and tune into Greek radio stations. This will improve your comprehension and help you get used to the rhythm and intonation of the language.
• Speak as Much as Possible: Try to find language exchange partners or Greek-speaking friends with whom you can practice. Remember, making mistakes is part of the learning process. Platforms like Tandem or HelloTalk can connect you with native speakers.
• Take a Structured Course: Consider enrolling in an online course or attending a language school. Websites like Duolingo, Babbel, or Rosetta Stone offer courses in Greek. If you’re in Greece, look for local language schools or tutors.
• Grammar is Key: While focusing on speaking and vocabulary is essential, don’t neglect Greek grammar. It can be challenging, but understanding it will greatly enhance your fluency.
• Use Flashcards: Use flashcards to memorize vocabulary. Digital platforms like Anki or Quizlet allow you to create your own decks, but there are also many pre-made ones available.
• Immerse Yourself: If possible, spend time in Greece. Immersion is one of the most effective ways to learn a language. Surrounding yourself with the language will force you to use it in real-life situations.
• Consistency is Crucial: Make it a habit to study and practice Greek daily, even if it’s just for a short period. Regular exposure is key to retention.
• Join a Language Group: Look for local or online groups where people practice Greek. This can be a fun way to learn and meet new people.
• Read in Greek: Start with children’s books or beginner texts and gradually move on to more complex materials. Reading will enhance your vocabulary and understanding of grammar.
• Keep a Journal: Write daily or weekly entries in Greek. This will help improve your writing skills and reinforce the vocabulary and grammar you’ve learned.

4. Limited Job Opportunities

While the job market in Greece is improving, unemployment rates remain high. Competition for good jobs in Greece is fierce, especially for non-EU citizens. Proficiency in Greek is often required, and obtaining an official sponsor is necessary when applying for jobs or holding the Greek Golden Visa. However, working as a digital nomad for companies based outside Greece is generally trouble-free.

Finding a job in Greece generally requires persistence and good knowledge of the local job market. Here’s some useful advice for finding employment in Greece as a foreigner:

• Research the Job Market: Know the industries that are in demand in Greece. Sectors such as tourism, agriculture, shipping, and food and beverage are major pillars of the Greek economy.
  There’s a growing start-up scene in Greece, especially in cities like Athens and Thessaloniki. Tech and IT roles might be available for foreigners with specialized skills.
• Language Proficiency: While many Greeks, especially the younger generation, speak English, proficiency in the Greek language can significantly boost your chances of landing a job. Consider taking a Greek language course before or after arriving. Even basic communication skills can be beneficial.
• Networking: Personal connections can play a crucial role in the Greek job market. Attend local networking events, seminars, and workshops. There are often expat groups or meetups which can provide insight and connections. Connect with other expats who have successfully found work in Greece for advice and potential job leads.
• Online Job Portals: Websites such as Skywalker.gr, Jobfind.gr, and Kariera.gr are popular job search portals in Greece. International job portals like Indeed, Glassdoor, and LinkedIn also have listings for Greece.
• Work Seasonally: The tourism industry offers many seasonal jobs, especially in islands and coastal regions. Jobs in hotels, bars, restaurants, and as tour guides can be easier for foreigners to secure. English-speaking teachers, especially those with a TEFL (Teaching English as a Foreign Language) certificate, can find opportunities in language schools.
• Freelancing and Remote Work: Consider remote work or freelancing for companies outside of Greece, especially if you have skills in areas like writing, programming, graphic design, or marketing. Websites such as Upwork, Freelancer, and Toptal can be good platforms to start as a freelancer.
• Legal Work Documentation: Ensure you have the correct work visa or permit. Non-EU/EEA citizens typically need a work permit to be legally employed in Greece. Familiarize yourself with the necessary requirements and processes to obtain a work visa, as this can be a lengthy procedure.
• Localize Your CV/Resume: Adapt your CV to the Greek format. It’s common in Greece to include a photograph on your CV, and personal details like date of birth might also be expected. Highlight any experience or connection to Greece or the Mediterranean region, as this might make you stand out.
• Cultural Etiquette: Familiarize yourself with Greek business etiquette and culture. Being aware of local customs and practices can give you an advantage in interviews and professional settings.
• Stay Persistent: Finding a job in a foreign country, especially one with economic challenges, can be tough. Don’t get discouraged by initial setbacks. Keep adapting your strategies, expanding your network, and honing your skills.

5. Tax Complexity

Paying taxes in Greece, whether you’re a local resident or a foreigner, can be a convoluted and time-consuming process. Many people find the tax jargon overwhelming, making it advisable to hire an accountant to navigate the system. You should treat tax rules in Greece with patience and diligence.

Here are a few helpful suggestions when dealing with taxes in Greece:

• Hire a Local Tax Accountant or Consultant: Given the intricacies of the Greek tax system, it’s highly advisable to work with a local tax professional. They will be familiar with the latest regulations, requirements, and any tax benefits that might be available to you.
• Stay Informed: Tax laws can change frequently. It’s crucial to stay informed about any changes that might affect your tax situation. Regularly checking the website of the Independent Authority for Public Revenue (IAPR) can provide valuable insights.
• Digital Tax Portal: Most tax obligations in Greece can be managed online through the TAXISnet system, which is the electronic portal for tax services in Greece. Ensure that you register on this platform and familiarize yourself with its functions.
• Keep Detailed Records: Proper documentation is key. Always maintain detailed records of your income, expenses, and any tax-deductible items. These records will be invaluable when it’s time to file your tax returns or in case of any audits.
• Understand Residency Rules: Taxation in Greece is based on residency. If you’re in Greece for more than 183 days a year, you are considered a tax resident. This means you’re liable for tax on your worldwide income. Understand the implications of this rule and plan accordingly.
• Explore Tax Incentives: Greece offers various tax incentives to attract foreign investments and retirees. For instance, there’s a flat tax rate program for foreign retirees. Familiarize yourself with such programs and see if you qualify.
• VAT (Value Added Tax): If you’re running a business, understand the rules surrounding VAT. The rates can differ based on the type of goods or services you offer. Also, timely filing and payment are essential to avoid penalties.
• Avoid Under-declaring: It might be tempting to under-declare income or overstate expenses, but this can lead to severe penalties if you’re caught. Always be honest in your declarations.
• Stay Updated on Property Taxes: If you own property in Greece, be aware of the yearly property taxes you’ll need to pay. Rates can change, and there are also specific exemptions and reductions available for certain groups.
• Seek Guidance on Double Taxation: If you’re earning income in another country and Greece, you’ll want to understand the rules surrounding double taxation. Greece has double taxation treaties with several countries, ensuring that income isn’t taxed twice.
• Plan for Deadlines: The Greek tax year is the same as the calendar year (January to December). Be aware of the deadline for the submission of your annual income tax return and ensure you file on time.
• Consider Professional Membership: Joining expat or professional organizations in Greece can offer additional resources and networking opportunities, which can be invaluable in navigating the tax system.

Overall, the advantages of living in Greece far outweigh the disadvantages. You can enjoy a healthy lifestyle at an affordable cost while experiencing the warmth and hospitality of the Greek people.