Life in Greece: Pros and Cons

Greece is a country with a mild climate, rich history, and relatively low cost of living. In 2024, Greece welcomed more than 35 million tourists, but an increasing number of foreigners are considering it as a place for permanent residence. However, moving to another country is very different from going on vacation.

Here we explore the pros and cons of moving to Greece and highlight the key features of local life.

Standard of Living: Capital and Regions

Greece ranks 34th in the UN Human Development Index 2025. The average life expectancy is about 80 years. After the 2008 crisis, the economy has been gradually recovering: in 2024, GDP grew by 4.2%, while unemployment fell to 8.6% — the lowest level in 16 years. The average salary in the country is €1,250, with a minimum wage of €910.

The standard of living and cost of living vary by region. Major cities offer more opportunities for employment, career development, and entertainment. However, living expenses here, including rent and consumer prices, are traditionally higher than in smaller towns. When choosing a place to live, it is important to consider your lifestyle, priorities, and needs.

In Athens — the main business and cultural hub — costs are higher, but so are salaries, averaging around €1,400. Those seeking a balance between access to the capital’s opportunities and a more relaxed lifestyle often choose Athens’ suburbs.

Piraeus is the country’s main port and a center of global shipping. Southern areas like Voula, Vouliagmeni, and Glyfada offer a measured lifestyle with good infrastructure and access to the sea.

In Thessaloniki — Greece’s second largest city — prices are lower, while healthcare and the environment are just as good as in the capital.

On the islands and in tourist regions such as the Peloponnese and Halkidiki, life is more peaceful, though off-season things slow down. However, these areas offer pristine beaches, warm seas, and beautiful nature.

Comparison with Other European Countries

In terms of living standards, Greece lags slightly behind Northern European countries, but has the advantage of affordability. Average monthly expenses are about €800 per person, and €2,750 for a family. For comparison: in Germany it’s €1,000 and €3,400; in the UK €965 and €3,300. In terms of safety, Greece ranks higher than France and Hungary, and in healthcare and infrastructure it is among the top 40 in the Legatum Institute ranking.

Pros of Living in Greece

Greece is one of Europe’s oldest countries, preserving a rich cultural heritage. With more than 300 sunny days a year, mild winters, and warm seas, it offers many opportunities for leisure: beaches, mountains, historic towns, museums, festivals, and culinary tours. Vacation costs here are lower than in Spain or Italy.

Education is accessible: public schools and kindergartens are free, and higher education is also free except for a semester fee. Private schools cost around €4,000 per year. Greek diplomas are recognized in the EU, and the education system ranks 26th in the global CeoWorld ranking.

Greece is also convenient for business: it ranks 25th among the best jurisdictions for investors. Geographically, it is located at the crossroads of Europe, Asia, and Africa, which simplifies logistics and international connections.

Locals are open, hospitable, and expressive. They value family, traditions, and know how to enjoy life. The popular phrase “siga-siga” — “take it easy” — reflects their approach to time. In the afternoons, from 14:00 to 17:00, the country pauses for mesimeri, similar to the siesta. When moving to a new country, it is important to study the local lifestyle to understand how comfortable you will feel and how close the cultural traditions and mentality are to your own.

Cons and Challenges

Despite improved economic indicators, employment remains a challenge, especially for young professionals. Youth unemployment has dropped from 40% to 16.8%, but competition is still high.

Bureaucracy is one of Greece’s main drawbacks. Paperwork can take weeks, requires multiple certificates, and often demands in-person visits. All processes are conducted in Greek, so having a translator or local assistant is almost essential. Nevertheless, the government is introducing digital services, and some procedures are already available online.

Key Aspects of Adaptation

Moving to Greece is not just about changing countries, but immersing yourself in a new cultural environment. To make integration as smooth as possible, it is important to prepare in advance and consider several key aspects:

Language barrier. Knowledge of Greek makes everyday life much easier — from talking to neighbors and shopping to dealing with authorities. It is best to start learning the language before moving, and once in Greece, you can enroll in courses available at private schools and universities.
Cultural differences. Greece has a rich history and vibrant traditions. Understanding local customs, social norms, and respecting them is key to successful integration. This applies to daily communication as well as participating in holidays, family events, or community life.
Social integration. Attending local events, meeting neighbors, and joining clubs or communities will help you feel part of your new environment faster.
Financial preparation. Before moving, carefully calculate your budget and consider all potential expenses: rent or property purchase, food, transportation, and healthcare. It’s also important to study the tax system, banking rules, and employment prospects, especially if you plan to work or run a business.

Adaptation takes time, flexibility, and openness. But with the right approach, life in Greece can be not only comfortable but also truly inspiring.

Moving to Greece: Residence Permit and Citizenship

To legally reside in Greece, foreigners must obtain a residence permit — temporary or permanent. There are more than 10 grounds for obtaining residence: family reunification, employment, business, education, investment, and more.

The Greek Golden visa is the fastest way to legalise your stay, with minimal requirements for applicants.

A 5-year renewable residence permit is available to non-EU citizens over the age of 18 with no criminal record. The program requires the purchase of real estate for a certain amount. As of September 1, 2024, Greece has introduced two investment zones:

Entry threshold from €800,000 — for all of Attica, Athens, Thessaloniki, Crete, Mykonos, Santorini, and other cities with populations over 3,100.
Entry threshold from €400,000 — for all other regions.

Only one property can be purchased, with a minimum area of 120 sq. m. Short-term rentals are prohibited.

An exception allows obtaining a residence permit with a minimum investment of €250,000, without restrictions on location or size. These exceptions apply to properties that:

Have cultural or historical significance and require restoration. In this case, the investor must complete full restoration within 5 years of purchase.
Are converted from commercial to residential use. In this case, the developer acquires a commercial property and fully renovates it according to modern energy efficiency and safety standards. The investor then receives a brand-new apartment in a modern residential complex.

Most such properties are located in Attica and Athens, allowing investors to obtain residence for the minimum investment in a highly sought-after area.

Family members can be included in the application: spouse, children under 21, and parents of both sides. There are no minimum stay requirements — either before or after obtaining the permit, unless you plan to apply for Greek citizenship later. Processing takes from 3 months, and you only need to visit Greece once to submit biometrics — everything else can be arranged remotely.

Benefits of the Greek Residence Permit by Investment

Holding Greek and EU residency offers a wide range of benefits and freedoms:

Legal residence in Greece
Visa-free travel across the Schengen Area
Access to European education and healthcare
Access to the international banking system
Opportunity to run a business in Greece and other EU countries
Tax optimisation opportunities
Ownership of property on the Mediterranean coast
Living in a European country with political and economic stability, high safety, and quality of life
Potential EU citizenship after 7 years, subject to certain conditions
A reliable backup plan for yourself and your family in case of unforeseen circumstances

Greece combines a mild climate, rich cultural heritage, and European living standards with affordable housing and everyday expenses. Compared to other EU states, it is easier here to strike a balance between comfort and financial stability. While relocation is always a serious step, the chance to live by the sea, enjoy nature, history, and European privileges makes Greece a particularly attractive destination.

If you are considering participation in the Greek investment program, Astons immigration investment experts are ready to advise you and explain all conditions and stages in detail. Request a free consultation today.