Buying real estate in Greece?

We've created a guide to help you avoid pitfalls, save time, and make the best long-term investment possible.

Buying a property in the Peloponnese: a complete guide

Last updated on 

All sources have been thoroughly verified for credibility. Furthermore, a local real estate expert has reviewed and approved the final article.

property investment the Peloponnese

Yes, the analysis of the Peloponnese's property market is included in our pack

Considering buying a nice property in The Peloponnese? You're not alone!

Many people are captivated by the Peloponnese's Greek allure and dream of owning a sea-facing villa or a modern apartment there.

Is it a wise investment, though? Are property prices increasing in the Peloponnese? What is the current trend? Is it better to invest in Nafplio or Kalamata? Are there any hidden fees? Where can you get a rental yield above 7%?

In this article, everything is sorted out for you.

The Investropa team knows this market like the back of their hand. As a matter of fact, we've put all our findings together in a pack. Get it now.

In the lines below, we'll share useful information and some practical tips.

How is the real estate market in the Peloponnese?

Confused about the property market's status? Everyone has their views. As for us, we prefer stick to new data and stats for clear conclusions.

Types of properties

In Peloponnese, you can find various types of properties for sale.

These include charming villas with scenic views, cozy cottages nestled in the countryside, modern apartments near the coast, traditional townhouses in historic villages, and spacious plots of land perfect for building your dream home.

Whether you're looking for a tranquil retreat or a vibrant coastal escape, Peloponnese offers a diverse range of property options to suit your preferences.

Buy or rent?

(If you're purchasing for personal use and not for renting)

If the Peloponnese region in Greece is your destination of choice, you may be thinking about the advantages of buying versus renting a property in this historical and picturesque area.

Generally, buying is a better choice than renting in the Peloponnese due to its low cost of living, abundance of natural beauty, and great investment potential.

However, if you prefer flexibility, go for renting.

Property prices in the Peloponnese

On average, according to the updated data from Bank of Greece, purchasing a property in the Peloponnese would cost you around $4,500 per square meter.

There are significant differences, clearly. A farmhouse in the Peloponnese might have a different price per square meter than a villa in Kalamata. We actually give you a more detailed breakdown in our pack for buying property in the Peloponnese and in Greece.

To put things in perspective, it means that, instead of buying an apartment in Paris or London, you can afford 3 properties in the Peloponnese.

Also, housing prices in the Peloponnese are 40% cheaper than in the Greek Islands.

The most expensive places in the Peloponnese are probably the larger cities such as Athens, Patras, and Corinth, while the more rural areas such as Arcadia and Laconia tend to be cheaper.

the Peloponnese Property Price per Square Meter


First and foremost, we have to acknowledge that Greece offers, today, peace and stability to investors. The last Fragile State Index that has been reported for this place is 55.8.

Keep this in mind when thinking about whether it's a good idea to buy a property in the Peloponnese.

On the longer term, the growth will still be there since Greece's economy is expected to soar by 8.1% in the coming 5 years, resulting in an average GDP growth rate of 1.6%.

If you intend to invest in real estate in the Peloponnese it's a good thing because, as the economy grows, people's incomes (usually) increase, motivating them to invest in real estate, which causes a rise in property demand and prices.

Also, in Greece, the average GDP per capita has changed by 8.2% over the last 5 years. It's a satisfactory number.

This data is a positive signal - housing prices in the Peloponnese might soar in 2024 and after that.

Looking for more updated data? We've done a big-picture study to find out if it's a good idea to purchase property in Greece right now.

Buying property in the Peloponnese

It can be difficult to buy property in the Peloponnese due to the lack of reliable and up-to-date information available. That's why we have created the pack to buy property in the Peloponnese and in Greece.

Buying process

In our pack, we've laid out all the steps involved in the buying process, including the required documents, taxes to be paid, and guidance on finding properties.

Now, we're giving you a more straightforward version to help you grasp the information more easily.

This is the step-by-step process to purchase a property in Peloponnese:

  1. Research and choose a specific location in Peloponnese, Greece.
  2. Engage a licensed Greek real estate agent familiar with the region.
  3. Verify property ownership through the Greek Land Registry (Ypothikofilakio).
  4. Obtain a Greek tax registry number (AFM) from the local tax office.
  5. Sign a preliminary contract (Synallagma) and pay a deposit (around 10% of the property price).
  6. Hire a notary public (Notarios) to handle the legal aspects and property title transfer.
  7. Conduct a thorough property survey and inspection (Apeilogo).
  8. Arrange financing or ensure sufficient funds for the purchase.
  9. Finalize the purchase contract (Emphyteutic lease or Ependysi).
  10. Pay the remaining balance and associated fees (transfer tax, notary fees, and stamp duty).
  11. Register the property in your name at the Greek Land Registry.
  12. Celebrate your new property ownership in beautiful Peloponnese!

Also, if you're not from the country, you might want to check our article on how to buy property as a foreigner in Greece.

Make a profitable investment in the Peloponnese

Better information leads to better decisions. Save time and money. Download our guide.

buying property in the Peloponnese

Where to find a property

Discover your ideal property in the Peloponnese by exploring these websites.

  • Golden Home - A real estate company with a vast portfolio of over 50,000 properties for sale and rent in Greece.
  • Spitogatos - A real estate platform in Greece, offering properties for sale and rent. They have a wide selection of homes, commercial properties, and land plots available.
  • Spiti24 - The leading Greek property listings platform, providing a user-friendly interface, advanced search options, and connections to real estate experts.
  • Grekodom - Offering a diverse range of properties in popular Greek locations and expert support throughout the purchasing process.
  • Tospitimou - A top property portal in Greece, exclusively listing properties by real estate agents, with over 600,000 listings.

Also, know that we have included contacts of real estate agencies, property lawyers, moving companies, expats communities and more in our pack for buying property in Greece.

Which properties for which budget?

As mentioned before, the average price per sqm in the Peloponnese is $4,500. A 1-bedroom property of 60 square meters would cost approximately $270,000, and a 2-bedroom property of 85 square meters would cost approximately $383,000.

Of course, the price of properties can be influenced by their qualities and the area they're in.

Top-tier locations in the Peloponnese typically mean higher property valuations. An apartment in Kalamata might be around $520,000, but a condominium in Nafplio could be priced at $480,000.

Some locations are less expensive. You may discover a property in Tripoli for $210,000, or you might encounter a property in Sparti priced at $170,000.

Find a more detailed breakdown in our full pack for buying property in Greece.

Risks and pitfalls

Here are the main pitfalls when buying a property in the Peloponneseeece:

  • Byzantine land laws: Complex property laws and inheritance issues may arise due to historical land ownership structures.
  • Unforeseen property taxes: Greece's tax system can have specific levies, such as the ENFIA property tax, catching buyers off guard.
  • Illegal constructions: Many properties might have unauthorized structures, leading to fines and legal complications.
  • Agricultural restrictions: Certain areas have strict regulations limiting property use for agricultural purposes only.
  • Greek bureaucracy: Lengthy and convoluted bureaucratic processes can delay property transactions.
  • Water scarcity: Some regions in Peloponnese may face water shortages, affecting daily life and property value.
  • Tourism impact: Areas heavily reliant on tourism may experience fluctuating rental demands and property prices.
  • Seismic activity: Parts of the region are seismically active, requiring careful consideration of property safety and insurance coverage.

We don't want this to happen to you, so we have included a full checklist for your property investment in our pack of documents. Avoid these mistakes and save a lot of money.

real estate Greece

Everything you need to know is included in our Greece Property Pack

Living in the Peloponnese

The Peloponnese offers a tranquil and laid-back lifestyle, with beautiful scenery, a mild climate, and plenty of outdoor activities to enjoy.

Cost of living

The cost of living in the Peloponnese is relatively low compared to other parts of Greece, making it a popular destination for those looking to enjoy a more affordable holiday. Prices for food and services are generally lower than in other areas of the country.

Here are some examples to better understand the cost of living in Peloponnese:

  • Average monthly rent for a one-bedroom apartment: €300-€500.
  • Basic dinner for two at a mid-range restaurant: €30-€50.
  • Local transportation (bus, taxi) monthly pass: €20-€40.
  • Utilities (electricity, heating, cooling) for an 85m² apartment: €80-€120.
  • A loaf of bread: €0.80-€1.20.
  • 1 liter of milk: €1-€1.50.
  • Monthly gym membership: €30-€50.
  • Movie ticket: €6-€9.

Areas and spots

We want to show our information in an easy-to-understand way. So, we made a table that lists the different parts of the Peloponnese. For yields, prices and rents, check our property pack.

Place Description Strengths Weaknesses


Nafplio is a charming coastal town with historical significance, offering picturesque properties with sea views.

High demand for short-term rentals due to tourism, rich cultural heritage.

Property prices can be relatively high, limited room for new developments.


Kalamata is a bustling city with a growing economy and access to beautiful beaches, making it attractive to both locals and tourists.

Emerging market with potential for property value appreciation, diverse investment options.

Some areas might still need infrastructure improvements, moderate tourism compared to other regions.


Olympia holds historical and archaeological significance, with a tranquil atmosphere, offering unique investment opportunities in rustic properties.

Strong appeal to history enthusiasts and niche tourism, potential for eco-friendly developments.

Relatively limited demand compared to more prominent tourist destinations, zoning restrictions in some areas.


Monemvasia is a mesmerizing medieval town situated on a rock, providing an enchanting real estate prospect with panoramic views.

Highly sought-after tourist destination, potential for luxury property investments.

Restricted space for expansion, seasonal tourism may affect rental income.


Pylos is a coastal town with a laid-back atmosphere and beautiful beaches, attracting nature lovers and water sports enthusiasts.

Scenic coastal properties with high rental potential during peak seasons, increasing interest from international buyers.

Limited availability of prime properties, seasonal fluctuations in tourism demand.

Mani Peninsula

Mani Peninsula offers a rugged and picturesque landscape with traditional stone houses, appealing to buyers looking for authenticity.

Growing interest in agrotourism and eco-friendly accommodations, potential for renovation projects.

Remote location may limit accessibility for some investors, limited amenities in certain areas.


Corinth is a bustling city with modern amenities and historical sites, providing a mix of urban and cultural attractions.

Diverse investment opportunities in residential and commercial properties, well-developed infrastructure.

Competitive property market, some neighborhoods may face higher crime rates.


Sparta holds great historical significance, attracting history enthusiasts and offering a quieter real estate market.

Potential for cultural tourism and historical-themed properties, affordable investment options.

Less active property market, limited international appeal compared to other destinations.

Life in the Peloponnese

The Peloponnese region of Greece has a growing economy, with a focus on agricultural production, tourism, and the service sector. The region's infrastructure and transportation networks are improving, making the area increasingly attractive to investors and businesses.

What expats usually like the most in the Peloponnese are the stunning beaches, such as Navagio Beach, and the ancient ruins, like the Mycenae archaeological site.

Access to healthcare in the Peloponnese is generally good, with a variety of medical services and facilities available.

Don't lose money on your property in the Peloponnese

100% of people who have lost money in Greece have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.

invest real estate in the Peloponnese

Renting out in the Peloponnese

This part is for you if you want to buy a property with the goal of renting it out and making money from it, rather than living there.


According to the data reported by Wikipedia, the home ownership rate in Greece is 73%, which is average.

When people buy in the Peloponnese it's usually to live there, and not to rent out.

If you decide to rent out long-term, you might want to target people who are looking for an escape from the hustle and bustle of city life and want to experience the beauty of the Peloponnese. These renters will likely be drawn to the region's ancient ruins, stunning beaches, and vibrant culture.

Here is a little summary table we've made for you.

Property type and area Profiles of potential tenants What they are looking for Expected monthly rent in $

Villa in Kalamata

Families and expats

Beach proximity and Mediterranean lifestyle

$1000 - $2000

Apartment in Nafplio

Tourists and history enthusiasts

Close to historic sites and waterfront

$800 - $1300

Country House in Mani

Nature lovers and artists

Rural and picturesque surroundings

$900 - $1500

Apartment in Pylos

Retirees and quiet seekers

Peaceful coastal town and amenities

$700 - $1100

Traditional House in Monemvasia

Couples and honeymooners

Historical charm and romantic ambiance

$1000 - $1600

Apartment in Corinth

Commute-oriented professionals

Access to businesses and transportation

$600 - $1000

House in Olympia

Athletes and nature enthusiasts

Proximity to historic Olympic sites

$800 - $1200

Now, you will probably ask us about the yields. Unlike for other places, it would be difficult to give you the average rental yields in the Peloponnese due to insufficient long-term rental properties available for analysis. Also, it's quite diverse. For example, rental yields in Kalamata and Nafplio are quite different from those in remote regions.

Finally, know that, in Greece, the taxes will be around 22% of the total rental income.


You could also decide to rent short-term to tourists looking to explore the ancient ruins and beautiful beaches of the Peloponnese region. Additionally, you could rent to business travelers who are in the area for conferences or meetings.

If you decide to go with that option, look for properties in the towns of Nafplio, Kalamata, and Monemvasia. These towns offer great rental opportunities due to their close proximity to the sea and other attractions.

Is it worth buying real estate in the Peloponnese then?

Buying a property in the Peloponnese can be a fantastic idea if you're looking for a serene escape, a laid-back lifestyle, and long-term value. This Greek region offers stunning landscapes, beautiful beaches, and a cost of living that won't break the bank. It's ideal for retirees, expats, or anyone tired of the hustle and bustle of city life. Plus, there's the potential for your property's value to appreciate as Greece's economy is expected to grow in the coming years.

With a variety of property options, from charming villas to modern apartments, you can find something that suits your preferences.

However, if you're after quick returns or a hassle-free investment, the Peloponnese may not be your best bet. Rental income can be unpredictable due to seasonal fluctuations, and the lack of data makes it challenging to estimate yields accurately.

Buying property here can also be a complex process, with intricate property laws, potential unexpected taxes, and bureaucratic hurdles. Additionally, some areas may have limited accessibility and depend heavily on tourism, which can lead to inconsistent rental demand.

Lastly, don't forget about the seismic activity in parts of the region, which requires careful consideration of property safety and insurance.

In summary, the Peloponnese is a great choice for those seeking a peaceful, long-term investment and a low-cost lifestyle, but it may not be suitable for those looking for quick profits or a hassle-free real estate experience.

Make sure you understand the real estate market in the Peloponnese

Don't rush into buying the wrong property in Greece. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.

real estate market the Peloponnese

The content provided here is for informational purposes only and does not imply endorsement or advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information, including text, images, links, or other elements in this material. Following the content and analyses presented here does not assure specific outcomes. For guidance tailored to your individual circumstances, it is recommended to consult with a professional, such as a lawyer, accountant, or business advisor.