Property for Sale in Corfu, Greece
Buying property in Corfu means having a home – whether it’s for an investment or a holiday home – in one of Greece’s most distinctive islands.
Corfu is known for its:
If you’ve ever dreamed of owning a home in the South of France, Nice may be your ideal spot since there’s a good mix of old-world charm and modern comfort here that’s pretty hard to resist.
This guide will walk you through:
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Why Invest in Property in Corfu, Greece
See what makes Nice a solid option for foreigners looking to buy property abroad:
Varied Regions and Their Appeal
Corfu is larger than just Kerkyra (Corfu Town). Northern areas like Kassiopi have quiet coastal environments around pebble beaches, while on the west in towns like Paleokastritsa, there are bay areas that are tourist favourites.
The island’s south is home to villages like Lefkimmi that have far fewer toursits, so you’ll get that small-town feel if you’re looking for some peace and quiet.
Steady Growth in Property Values
While Corfu’s prices are generally cheaper than some larger European markets, the island sees consistent demand from both local and foreign buyers. Well-maintained seaside properties near hotspots like Dassia or Gouvia often maintain good resale value. Even properties inland can offer growth potential as more buyers look for traditional village homes that can be renovated or restored.
Reliable Rental Opportunities
Most tourists will be booking holidays to Corfu based on:
- The Sunshine
- The Ionian Sea
- Greek Hospitality
The local Greeks tend to make the most money from tourism in the summertime, where there’s practically a guaranteed demand each year – especially around beaches along with local attractions.
A Blend of Culture and Convenience
Corfu Town has:
- A Venetian Fortress
- Museums
- A Wide Choice of Tavernas
The island is also well connected by ferries to neighbouring Ipnian islands and mainland Greece – it is also just a stone’s throw away from Albania – and has an international airport that boasts flights to major European cities.
Year-Round Appeal
Corfu’s tourist season peaks in summer, but some people choose to live here year-round. Winters are mild compared to many parts of Europe, and the pace is slower once the crowds leave.
If you are looking for a permanent residence, you can enjoy relatively mild weather, keep your costs manageable, and still find the following activities in the off-season:
- Walking Trails
- Cultural Events
- Local Festivals
Suitability for Golden Visa Applicants
Foreign buyers who invest a certain amount in Greek real estate can qualify for Greece’s Golden Visa program, which provides residency rights and the ability to travel freely within the Schengen zone.
The specific investment threshold varies depending on the area, but Corfu typically falls under regions where investing at least €250,000 in property may help meet these requirements.
This benefit draws international buyers looking for a stable property market and an easier path to EU residency.
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How to Buy Property in Corfu
The purchasing process begins with identifying the right property and making an official offer through an agent or lawyer. Once your offer is accepted, a preliminary contract may be signed, and you will arrange a deposit. It’s common to involve a notary public who checks all documents and oversees the final signing of the sales contract.
Local law requires that any outstanding property taxes or municipal fees be settled before the transfer can happen. Working closely with a real estate lawyer and a local notary is essential to ensure everything moves smoothly.
Considerations for Foreigners
Non-Greek citizens can legally buy property in Corfu. However, EU and non-EU citizens might face different requirements regarding residency and local registration. Securing a Greek tax number (AFM) is mandatory for property transactions, and having a Greek bank account can simplify payments or ongoing expenses.
If you plan to move permanently, factor in:
- Health Insurance
- Understanding Local Municipal Taxes
- The Broader Bureaucracy of Greek Administration
In general, it’s wise to hire bilingual professionals who can interpret legal documents and help you stay informed about any local regulations.
Searching for a House in Corfu
Many foreign buyers browse the following property portals or cooperate with local agencies that have inside knowledge of neighbourhoods:
- Spitogatos
- XE
- Rightmove
Corfu’s terrain is diverse: some homes are perched on hills with panoramic views, while others sit just a short walk from a hidden cove. Before committing, it’s recommended to visit the property in person and get a feel for the surrounding area, amenities, and accessibility.
Travelling to different parts of the island can help you compare factors like proximity to schools, grocery stores, or medical facilities, especially if you intend to live there year-round.
Upscore's Benefits
Financing a home abroad can be challenging. Upscore’s Finance Passport was designed to help international buyers handle their mortgage needs with ease:
- Multiple Lender Access: Compare various mortgage offers from local and regional lenders.
- Online Application: Submit documents and details remotely without frequent in-person visits.
- Personalised Guidance: Speak with home loan advisors who understand foreign buyers’ concerns.
- No Direct Cost: Upscore’s earnings come from lenders, so you save on extra fees.
Multiple Lenders
Compare different mortgage deals to find the best one available from local lenders.
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Personalised Service
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FAQs
It can begin with real estate at €250,000. Some locations within Greece are up to €500,000. Check on up-to-date requirements to avoid surprises.
Typically, no. You will need your Greek tax number, but you may need to prove funds are on hand. Always have a representative on hand to process papers.
The bare minimum off tourist paths might begin around €100,000, while top-line villas on good properties can well break €1 million. Size, location, and features determine the final price.
It is advised. A representative will scrutinise your contract, make sure that there are no outstanding loans on the building, and act on behalf of the notary.
Yes, but there can be a permit requirement to rent out your home on a temporary basis. It means listing your rental online and paying the required taxes or fees in Greece.
Ready to Make Corfu Home?
Have questions or need expert advice on purchasing in Corfu? Get in touch with our team today – contact us for personalised support.
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