01.

Mykonos

02.

Santorini

03.

Athens

04.

Crete

Greek Mortgages

Greece stands as a land bestowed with divine blessings, a sun-drenched Mediterranean nation teeming with historical and cultural riches. It proves to be an irresistible destination for a multitude of tourists, travelers, and investors.

Get in touch

Greek Mortgages

Greece stands as a land bestowed with divine blessings, a sun-drenched Mediterranean nation teeming with historical and cultural riches. It proves to be an irresistible destination for a multitude of tourists, travelers, and investors.

Get in touch

Mortgages in Greece

KNOWLEDGE AND EXPERTISE

Greece boasts breathtaking landscapes, from picturesque islands with crystal-clear waters to historical cities. The appeal of iconic destinations such as Santorini, Mykonos, and Athens attracts HNWIs seeking luxurious and scenic properties.

High Net Worth Individuals (HNWIs) are increasingly drawn to the idea of purchasing property in Greece, attracted by the country’s diverse offerings and investment potential.

Here are several factors contributing to the interest of HNWIs in acquiring real estate in Greece :

Golden Visa Program

Greece offers a Golden Visa program, allowing non-EU citizens, including HNWIs, to obtain residency by investing in real estate. This initiative has been a significant incentive for high-net-worth individuals looking to establish a presence in Europe.

Diverse Investment Opportunities

Greece presents a range of investment opportunities, including luxury villas, waterfront properties, and historic estates. HNWIs can diversify their real estate portfolios by acquiring unique and exclusive properties.

Stability and Economic Recovery

As Greece continues to recover from economic challenges, HNWIs may view the real estate market as an attractive option for investment. The stability and growth potential contribute to the appeal of Greek properties.

Tourism and Rental Income

Greece’s popularity as a tourist destination provides opportunities for HNWIs to generate rental income from their properties. Investing in sought-after locations can lead to lucrative returns, especially during peak tourist seasons.

Get in touch

How we can help

Retail Banks

Mortgage range: €1,000,000 – €3,000,000

Most domestic banks in Greece provide capital and interest mortgages only.

Loan to value (LTV).

  • Up to 70% LTV for Greek expatriates (not in US or UAE).
  • Up to 60% LTV for European & Schengen Countries.
  • Up to 50% LTV for US, UAE & other territories (best case scenario).

Duration of mortgage facility.

  • Amortisation periods range from 15 to 25-years.
Get in touch

Key Considerations

Affordability
Affordability is assessed with a stringent examination of the borrower’s income, financial stability, and credit history.
Proof of income
Proof of income over a 3-year period (average net income)
Holding structure of property
Holding structure of property – personal name or SPV (discuss with broker)
Age of borrower
Age of borrower – not suitable for borrower(s) over 65 years or retired.
Mortgage insurance
Mortgage insurance will be required from most lenders and should be considered when comparing each mortgage offer (discuss with broker for a quote).
Currency exchange
Currency exchange fluctuations can impact your repayments and will be considered by the lender. The credit department will discount the inter-bank exchange rate by a set % percentage upon mortgage application (discuss with broker for each currency).

Private Banks

Mortgage range: €3,000,000 +

European private banks push the boundaries of conventional banks and provide alternative solutions based upon the borrower(s).

Interest only

  • Up to 80% LTV.
  • Variable and fixed rates available.
  • Interest only.
  • 5-year term.
  • Assets under management required by lender (discuss with broker).
Get in touch

Key Considerations

Interest only
Interest only options for high-net-worth borrowers with a clear repayment strategy.
Mortgage capacity
Mortgage capacity suitable for entrepreneurs with a ‘complex’ income or variety of income sources.
Wealth management
Wealth management services includes investment advice, portfolio management, and specialised financial products that may not be available to the general public.
Mortgage insurance
Mortgage insurance is not typically required for a mortgage solution but should be considered (discuss with broker).
Privacy and confidentiality
Privacy and confidentiality prioritised with a discreet and secure environment for managing financial affairs.

Explore Greece

Mykonos

Santorini

Athens

Crete