Housing: prices still affordable

One of the reasons why Greece is so attractive to retirees and second home buyers is the relatively low price of real estate compared to other European countries.

Depending on the region, the price per square meter can vary greatly. For example, in cities such as Athens or Thessaloniki, prices start around from €1,900 to €3,700 per m² in central districts. On popular islands such as Santorini or Mykonos, prices can climb to more than €5,000 per m² for properties with sea views.

Utilities and other domestic costs

Utilities in Greece, such as electricity, water, and gas, are generally cheaper than in other countries in Europe.

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• Electricity: Electricity bills can vary depending on the season, especially if you use a lot of air conditioning in the summer or heating in the winter. For an average apartment, the monthly electricity bill is around from €50 to €100.
• Internet and Phone: A high-speed internet connection costs around €25 to €35 per month, while a basic mobile plan costs around €15 to €20 per month.

Water: Water bills are very affordable in Greece, with an average cost of €10 to €20 per month.

Food: Mediterranean cuisine at a low price

Greek cuisine is not only tasty, but also affordable. If you plan to live in Greece, here’s what you can expect in terms of food expenses:

• Local markets: Since Greece is an agricultural country, fresh produce is plentiful and cheap. A visit to the local market to buy fruit, vegetables, fish or cheese is often cheaper than shopping in a supermarket. For example, a kilo of tomatoes costs around €1.80, and olives, a must, are also very affordable.
• Supermarkets: Prices are generally lower than in most Western European countries. You’ll spend around €200 to €300 per month to shop at a standard supermarket for one person.
• Eating out: If you like to eat out, you’ll be pleased to know that Greece offers affordable dining. A dinner at a local tavern costs around €15 per person, and a more refined meal at a restaurant can range from €20 to €30.

Transport: economical and practical

The cost of transport in Greece is also reasonable, whether for public transport or car travel.

• Public Transportation: Major cities like Athens and Thessaloniki have reliable and cheap public transportation systems. A single ticket costs about €1.20, and a monthly subscription varies from €30 to €50.
• Car: If you prefer to drive, the price of fuel is around €1.90 to €2.20 per liter, slightly higher than the European average. However, car insurance and maintenance costs are relatively low, with basic insurance around from €200 to €400 per year.

Health and medical care

Greece has a public and private health system. Healthcare costs are generally lower than in Western Europe, and the quality of care is satisfactory.

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• Public care: European residents can use their European Health Insurance Card (EHIC) to access public care. However, many choose to go private for faster care.
• Private care: A visit to a private doctor costs around €40 to €60, and a consultation with a specialist can cost between €80 and €100. Private health insurance is recommended to cover any unexpected costs.

Leisure and quality of life

One of the great attractions of Greece is its laid-back lifestyle. Most leisure activities, such as beach trips, hikes or visits to historical sites, are inexpensive or even free.

• Cultural outings: Admission to museums or archaeological sites usually costs between €5 and €15. There are often discounts for seniors or European residents. A cinema ticket costs on average €8.50.
• Sports and activities: A gym membership costs between €30 and €50 per month, and activities like yoga or tennis are also affordable.

Conclusion: a sunny affordable living environment

The cost of living in Greece is generally very attractive, especially for retirees or those looking to settle in a country with a pleasant climate with a reasonable maintenance cost. Compared to other Mediterranean destinations such as Italy or Spain, Greece offers excellent value for money. If you are thinking of buying a second home in Greece or moving there to enjoy your retirement, this country will allow you to live comfortably without breaking the bank, while still enjoying all that Greek culture has to offer.