Why do Russian-speaking retirees choose Greece for living?

General information about the Russian-speaking community in Greece

A significant community of Russian-speaking people has formed in Greece, exceeding 300,000 individuals. The main contingent of this group consists of migrants from the former Soviet republics, who prefer to settle in large cities such as Athens and Thessaloniki, as well as in their surrounding areas.

The reasons why our compatriots choose this direction are varied: bright sunshine, warm sea, and an abundance of fresh fruits. They also note the affordable prices for housing and the standard of living, the hospitality of the locals, as well as the similarity of religious practices and traditions to their own.

The presence of such a diaspora significantly eases the adaptation process for newcomers, who can easily find like-minded individuals and receive practical assistance on various everyday issues.

The necessity of understanding Greek culture

However, for comfortable living in this region, a detailed understanding of the local culture and traditions is necessary. Although many citizens of Greece speak English, and some even know Russian, knowledge of Greek remains an important aspect, especially in areas that are far from popular tourist routes.

Visa for retirees

For elderly people intending to move to Greece, there is a special type of visa available for financially independent individuals. This type of residence permit is often referred to as a "pensioner visa," as its holders are not allowed to work. However, citizens of Russia, Ukraine, and other CIS countries face difficulties in proving a sufficient level of income to participate in this program.

Main requirements for candidates:

• The presence of an official monthly income not lower than€2,000.
• Housing conditions that represent either ownership or long-term rental.

Changes in visa application rules

Svetlana Yuvchenko from Dionisiou Real Estate notes that previously retirees could easily obtain a visa based on financial independence. However, with the introduction of new rules requiring them to stay in Greece for no less than183 days a yearThe previous scheme for extending visas has become less popular. Many people who obtained their status continued to live in Russia, which complicated the extension process.

Golden visa program

In recent years, a significant number of migrants have chosen the path of obtaining what is known as a "golden visa." Most often, it is the children who invest in real estate for their retired parents, but sometimes such actions are initiated by the retirees themselves, as they have the necessary funds.

Conditions and requirements for obtaining a "golden visa":

A "Golden Visa" is a type of residence permit that can be obtained in exchange for investments. The main requirement for obtaining it is the purchase of real estate worth at least€250,000.

These can be various objects, including:

• New buildings;
• Secondary market;
• Residential complexes;
• Commercial real estate;
• Land plots.

It is possible to process multiple objects simultaneously.

Children buying real estate for their parents

Elena Pavlidi from Arcus Real Estate emphasizes that often children buy a small apartment for their parents to live in, as well as additional properties for rental purposes. Ultimately, the total amount of investments can reach€250,000and even exceed this mark. Thus, parents have the opportunity to enjoy life in Greece, providing themselves with comfortable conditions and a peaceful existence, which makes their daily life more prosperous and joyful.

Introduction

Recently, there has been a growing interest in how to properly choose housing for obtaining a "golden visa." This type of visa allows property owners to live peacefully in Greece without giving up their residence in their home country. Those who plan to remain a resident of another country should explore options for a Schengen visa, which is issued based on property ownership.

It's important to remember that the cost of real estate doesn't play a significant role, as the visa program allows you to stay in the country for up to 90 days in a six-month period. The process of obtaining such a visa is quite simple, and besides the property owner, family members or close friends can also obtain a visa if they are provided with the appropriate invitation.

Customer inquiries

We often receive inquiries from retirees with a budget limited to 60,000-70,000 euros. Previously, there were many affordable properties in this segment on the market, which allowed clients to easily purchase housing. However, the number of such offers has sharply decreased now, and it should be understood that buying real estate in this price range will not qualify for the "golden visa," which grants the right to permanent residence in Greece throughout the year.

Choosing real estate on Naxos

On the island of Naxos, the largest of the Cyclades, picturesque views of the Aegean Sea unfold. Some retirees begin to consider purchasing property, focusing on the optimal price-to-quality ratio, and many decide to buyreal estate as an investment.This condition is fundamental.For obtaining a "golden visa." Even those who receive residency through financial independence often prefer to buy rather than rent a property first.

Appeals to agents

Svetlana Yuvchenko from Dionisiou Real Estate mentions that most clients are interested in:

• available housing options up to €100,000;
• more expensive properties, with prices starting from €250,000.

In the first case, clients usually look for real estate for their own residence, while in the second case, they aim to meet the requirements for obtaining a "golden visa."

Location

Older people generally choose places to live, aiming to be close to the sea and in "good locations." This implies proximity to major cities and important transport routes. For example, in Halkidiki, Nea Moudania is a popular resort town that thrives year-round and offers residents not only beautiful beaches but also a variety of cafes, shops, and medical facilities.

The proximity to the highway leading to Thessaloniki makes this place particularly attractive. Another sought-after location in this region is the city of Perea, located near the international airport.This is a coastal area.where both expensive and more affordable housing options are available. The developed infrastructure and the presence of a Russian-speaking community create comfortable conditions for elderly people.

Conclusion

It is important to note that life in large metropolises does not attract the elderly population, as they seek tranquility and harmony with nature. However, their reluctance to move to remote and sparsely populated rural areas also limits their options. Therefore,The decision about where to live requires careful analysis of all important factors..

In today's conditions, having a car and at least basic knowledge of the Greek language are becoming essential for successful real estate transactions in Greece. Information about prices for various properties in Greece is available upon request. For example, a studio apartment of 23 square meters in Piraeus is available for purchase, which also provides the opportunity to apply for a residence visa. Moreover, the transaction can be organized remotely.

This real estate property is represented by a 7-story building located in the heart of Piraeus at 102 Praxitelous Street. The building features 20 fully serviced apartments, which has led to an increase in interest in furnished housing, especially in cities like Athens and Piraeus, following the pandemic. The wide audience of potential clients includes students, tourists, and others.

Examples of real estate properties

A striking example is an apartment from Vitruvius Development priced at 270,000 euros. It is located in Piraeus and covers an area of 53 m², featuring three bedrooms and two bathrooms. This project can also be purchased remotely and is intended for subsequent rental. Another option is a studio of 49 m² priced at 280,000 euros, also available for remote purchases and residence permit arrangements.

Freathida: historical significance

The area known as Freatida has been the central part of Piraeus for a long time and has long served as a hub of economic and cultural activity. The ancient Greeks chose this port for the import of grain, which became known as Zeas. Over time, this port became known as Marina Zeas, and during the Ottoman period, it played an important role in the logistics of the Turkish fleet.

Additional real estate properties

Another interesting option is an apartment in Piraeus with an area of 73 m², which includes one bedroom and one bathroom, priced at 285,000 euros. The transaction can also be conducted remotely with the possibility of obtaining a residence permit. This property is ideal for running a successful business due to its strategically convenient location, making it attractive to both tenants and tourists.

• A studio in Piraeus with an area of 25 m² for the price of 150,000 euros;
• The terms of the deal include the possibility of obtaining a residence visa and conducting transactions remotely;
• Freattida continues to attract attention with its historical significance and economic potential.

Apartments in Thessaloniki

Additionally, a bright apartment in Thessaloniki, measuring 110 m² and priced at €180,000, catches the eye. This property is located in a recently renovated modern building. The apartment is situated on a high first floor and includes a spacious living room, three bedrooms, one large bathroom, and corner balconies. The apartment was renovated in 2014, which adds extra advantages. All necessary amenities are provided for the residents' convenience, including an elevator and gas heating.

Investment potential

Investments in real estate in Greece are becoming increasingly popular among both locals and foreign buyers looking to take advantage of opportunities to obtain residency visas and stable rental income. The growing interest in Piraeus and Athens indicates significant potential in this market sector.

In Thessaloniki, there is an apartment for sale priced at €110,000, which offers a cozy living environment in Greece. The area of this property is 71 m² and it is located on the first floor. The interior space includes two bedrooms, a living room, a kitchen, one bathroom, and a balcony. The layout of the apartment features gas heating, an air conditioning system, and a security door, ensuring both comfort and safety.

Other options in Thessaloniki

Among other options in Thessaloniki, there is an apartment for €140,000, which stands out for its brightness and a size of 93 m². This offer is located in a well-maintained building constructed in 1980 and is also situated on the first floor. It includes:

• two bedrooms with the potential to create a third;
• spacious living room;
• a large separate kitchen;
• bathroom;
• Convenient balconies with access from each room.

An additional bonus is the elevator and gas heating, which significantly enhances the comfort of living.

Luxury real estate in Crete

If you are interested in elite real estate, take a look at the villa in Elounda, which is offered for €670,000. This property has an area of 178 m² and is located just 50 meters from the sea, in the picturesque Mirabello Bay. Such an urgent sale attracts the attention of those who dream of exclusive conditions for a vacation in Crete.Villa Gallapromises its owners outstanding experiences and an atmosphere of tranquility.

Three-level house in Halkidiki

Among other options, you can consider a three-level house in Halkidiki, which is for sale for €280,000. The area of this property is 220 m² and it is located on a plot of land measuring 1,000 m². Each section has a separate entrance, allowing the floors to be used as independent apartments. The first level occupies 100 m² and includes:

• three bedrooms;
• a cozy living room;
• kitchen;
• dressing room;
• bathroom;
• a spacious veranda with a beautiful view.

Hotel in Pieria

In the real estate market, there is also an establishment - a hotel in Pieria priced at €3,100,000. This four-story building has a total area of 2,125 m² and is located just 200 meters from the beach. The hotel consists of two buildings and offers 34 furnished studios, each equipped with:

• kitchen;
• bathroom;
• balcony.

For the convenience of guests, there is an elevator, 36 air conditioners, and a solar heating system, making it attractive for tourists.

House in Pieria

Don't forget to also pay attention to the house in Pieria, which can be purchased for €185,000. This three-level townhouse has a total area of 130 m² and is situated on a plot of 250 m² in the Kallithea area. The house includes:

• three bedrooms;
• cozy living room;
• separate kitchen;
• bathroom;
• spacious verandas.

The features of the house includediesel heating, fireplace, air conditioners, basement, and garden— all these elements make life in this house comfortable and pleasant.

An amazing opportunity to invest in resort real estate in Greece.

Attention all those interested in purchasing real estate! You now have a unique opportunity to invest in resort properties in Greece.

A wonderful corner apartment is for sale in Thessaloniki, Greece, priced at €145,000. The total area of the apartment is 50 square meters, and it has been completely renovated. The residence is located on the first floor of the building and includes one bedroom, a cozy living room with an open kitchen, as well as a bathroom and balconies.

The interior of the apartment is designed for comfortable living and is equipped with everything you need: there is an elevator, gas heating, air conditioning, modern household appliances, and a reliable armored door. The nearest metro station is just 650 meters away, and the universities are approximately three kilometers away.

The second apartment in Thessaloniki

In addition, there is another apartment available in Thessaloniki, with an area of 45 square meters at a similar price of €145,000. This apartment is also located on the first floor and has a similar layout:

• one bedroom,
• living room with kitchen,
• bathroom and balcony.

Among the amenities are an elevator, gas heating, air conditioning, and other necessary household appliances. This offer will also be a great option for comfortable living.

The popularity of housing in Thessaloniki

It should be emphasized that real estate in Thessaloniki is in high demand.Elderly foreignersThose looking to move for permanent residence are eager to choose both apartments and individual houses, depending on their financial capabilities and personal preferences.

In settlements far from large cities, buildings most often have no more than three floors. However, many retirees prefer housing on the ground floors, as it allows them to create a small garden by the windows of their apartments.

Interest in townhouses

There is also a noticeable interest among affluent retirees in townhouses — these are standalone buildings consisting of several levels. If there are several such houses, they are usually referred to as "attached." Currently, there is a high demand for real estate priced up to €150,000. Small houses starting from €90,000 are often requested, with the possibility of landscaping the land for gardening.

Regular housing expenses

Regular housing maintenance payments vary depending on the area, the size of the property, and the type of heating. The largest share of expenses consists of:

• utility payments,
• property tax,
• contributions to common funds for apartment buildings.

In Greece, there is no centralized hot water supply, and not everywhere are central heating systems in operation. Locals often use electric water heaters in their apartments and install solar boilers on their roofs.

Heating of homes in Greece

For heating residential spaces, either diesel or gas fuel is used, with the latter being the more cost-effective option. However, in some areas, such as Halkidiki, gas heating is not available. As an alternative, many install fireplaces, which helps significantly reduce expenses in winter.

Heating expenses vary depending on the season: the amounts in summer and winter can differ significantly. On average, to maintain a compact apartment, you will need to spend about1500 eurosper year.

Detailed information on this topic can be found in the article "Property Maintenance in Greece," which includes calculations and recommendations for optimizing housing maintenance costs.

What should one know about buying real estate in Greece?

What are the current trends in the housing market? By looking at various types of real estate, one can see a wide variety of options available. It's also important to familiarize yourself with the lifestyle of the local population. There are many interesting facts about Greek real estate that may surprise and intrigue you.

The healthcare system in Greece

The healthcare system in Greece provides a high level of medical care, allowing foreigners who have decided to stay in the country to use local medical facilities instead of returning home for treatment. The country has developed an extensive network of both public and private medical institutions.

If someone feels unwell outside, they can seek first aid at any pharmacy. Pharmacists:

• they provide basic assistance,
• they are taking the necessary measurements,
• they can offer emergency treatment,
• and, if necessary, call an ambulance.

Public healthcare

The public healthcare sector fully covers emergency cases, regardless of the presence of health insurance. However, foreigners planning to move to Greece long-term will definitely need at least a minimal health insurance policy, which costs approximately€120 per year.

Access to medical services is also available in public clinics. However, the quality of services provided is usually lower.

• for example, you often have to wait your turn,
• The results of tests and scheduling for planned surgeries can take a considerable amount of time.

Private medicine

Private healthcare in Greece is extensive, and many citizens prefer private patients or combine services from both systems. For many people, the motto has become“It’s better to pay for quality treatment.”People with average incomes often choose doctors from private clinics and pay for consultations starting from30 to 60 euros.

There are also advantageous medical service packages available at major clinics that offer a wide range of medical services — from initial examinations to surgical interventions. For an amount starting from€300 to €400 per yearYou can receive a certain number of consultations and analyses; this insurance also includes hospitalization, while the average cost of one day in the hospital is at the level of€500.

Features of the local cuisine

When it comes to food, Greece has access to fresh vegetables and fish all year round, which is a true blessing for all residents. In big cities, it's easy to find stores where you can buy familiar products like buckwheat, sour cream, cottage cheese, and dumplings, which are especially popular among retirees from Russia. However, most of them soon start to enjoy the local cuisine.

Greece is renowned for the high quality of its products, which makes the cooking process a true pleasure for its residents.

Traditional Greek cuisine

Anyone who has chosen Greece as their new place of residence quickly realizes the simplicity and benefits of traditional Greek cuisine, where legumes hold a significant place. Especially in winter, the following products are particularly popular:

• beans,
• nut,
• lentils.

These dishes are not only delicious but also significantly contribute to a healthy lifestyle by providing the body with essential nutrients.

Culinary traditions of Greece

In Greece, culinary traditions actively include the use of pots and ovens, and one of the distinctive features of the local cuisine is the addition of cheese.fetato many dishes. In the winter season, you can see vegetables such asbroccoli,beetrootandcauliflowerand various greens. In the summer, the residents of Greece enjoy a rich selection of fresh vegetables, which allows them to prepare a multitude of dishes.saladsFish plays a significant role in the daily diet, and its consumption remains popular throughout the year. One of the most famous dishes ispastitsio– a delicious casserole made of pasta, minced meat, and béchamel sauce.

Availability of restaurants

In Greece, there are a lot of affordable and cozy options.restaurants...which allows even people with low incomes to regularly eat out. A visit to an inexpensive establishment will typically cost around €10, while a full meal for two at a mid-range restaurant can be about €35. Locals often go to...supermarkets, which are widespread throughout the country, or go tomarketsEvery week, street markets are held in every district, where you can buy fresh vegetables and fruits at lower prices compared to stores.

Leisure activities for elderly people

As for the leisure of elderly people, many Russian-speaking emigrants are settling permanently in Greece. Their trips back home usually last one to two weeks and are related to financial or family matters. Most of them lead a calm lifestyle, enjoying walks along the coast, swimming, and reading.

Often, retirees start learning Greek by enrolling in courses or hiring private tutors. This not only fills their free time but also helps them integrate into the local community. Greeks are known for their friendly attitude, and you can start a conversation even by knowing a few words, such as“Good morning”Good morning and“Thank you”Thank you; gestures often replace words. As their language skills deepen, retirees expand their social circle and find new friends among the locals.

Cultural centers

Those who feel nostalgic for their native culture have the opportunity to visitRussian cultural centers, which are mainly located inAthensandThessalonikiIn these centers, the following take place:

• concerts;
• meetings;
• interest clubs.

They also teach children the Russian language and help adults learn Greek.

Active recreation

Active citizens in Greece are provided withgymsandgreen parksElderly foreigners often travel, especially when their children come to visit them. A social organization known asCAPITULATEThe Open Protection Centers for the Elderly conduct events, including:

• tours;
• concerts;
• Outings to nature for people over 60 years old.

Thus, you can visit an exhibition or a monastery for just €5–10.

Traditional life of elderly Greeks

The main leisure activities for elderly Greeks take place incafe- traditional cafes where men spend time enjoying conversations and various drinks in a relaxed atmosphere. Thus, the lives of retirees in Greece are filled with numerous hobbies and opportunities for organized socializing, creating a vibrant and memorable atmosphere for them.

Conclusion

In conclusion, I want to emphasize that moving to Greece for Russian-speaking retirees is not just an opportunity to enjoy a warm climate and beautiful landscapes, but also a chance to start a new chapter in life, full of discoveries and pleasant experiences. Settling on the sunny coast, our compatriots can not only soon become part of the Greek cultural fabric but also feel the support of their diaspora, which helps with adaptation in a new place.

Existing programs, such as“golden visa”They open new horizons for those who are ready to invest in real estate in this country. With each passing year, interest in such options is growing, which is quite encouraging, as each of us strives for a comfortable life and stability.

Necessary aspects for successful adaptation

• Investing in real estate:Understanding the conditions of the "golden visa" and choosing housing for living.
• Language learning:Immersion in the culture will help ease communication and adaptation.
• Getting to know the culture:Participation in local traditions and celebrations.

Nevertheless, I understand that such decisions require careful preparation and consideration. First of all, in order for the stay in Greece to bring only joy, it is necessary not only to invest in housing but also to immerse oneself in the local culture, learn the language, and understand the nuances of life. I hope all these aspects will contribute to improving the quality of life and mutual understanding with the Greeks.

In conclusion, I want to say that choosing Greece as a new home is a step that promises many positive emotions and discoveries. In the socially rich and friendly environment of Greece, everyone can find their place and enjoy a new way of life. May our pursuit of a new life in this beautiful country serve as true inspiration for others.