Greece Fast Facts

Population: 10,773,253

Capital City: Athens

Climate: Temperate; mild, wet winters; hot, dry summers

Time Zone: GMT+2

Language: Greek

Country Code: 0030

Coastline: 13,676 km

In toy-town harbors, weather-beaten fishermen repair bright yellow nets. Donkeys clop down steep alleyways and wayward goats try to scrabble up into olive trees. White houses cascade with jasmine…cats of every color doze away on terraces…ya-yas (wizened old ladies) sit in doorways shelling peas and exchanging gossip. And the Aegean Sea is as idyllic as in Homer’s day: mother of pearl at dawn…deep blue at midday…shot-silk at twilight.

Greece is gorgeous. Of its hundreds of islands and islets, 166 are inhabited—so there is bound to be an island for you. Or consider the Peloponnese mainland—stunningly attractive, but barely known to North Americans.

Greece still holds onto a lot of its customary charm: particularly the islands, with their white-washed houses on stony hills; black-clad women delivering citrus and vegetables, carried by panniered donkeys to local tavérnas (taverns); leathery old fishermen sitting around in the sun, passing the time of day.

Even though tourism continues to make inroads into the traditional way of life, there is still something quite timeless about the whole scene. One fortuitous result of the extensive tourism trade is that many of the larger islands also have airports with connections to Athens, and (in peak seasons) with major European cities.

Speaking of the capital city, Athens—home to 4 million people—draws millions of visitors from all over the world every year. Of course the ancient ruins of the Parthenon, and other remains of Greek classical antiquity, have a huge part to play in that. Everyone should stand before these vestiges of civilization’s birth and marvel, at least once in their lives.

As with so many other Westernized countries, the Greek property market was hit by the financial crisis. Property prices in Greece had been increasing steadily since 2004, the year of the Olympics. Nationally, prices increased by 13% in 2005 and 2006. The year 2007 saw an increase of only 3.8%, with 2008 coming in at 2.6%

During 2009, the extent of the financial crisis unfolding in Greece had an impact on both mortgage availability and property transactions. In Athens prices fell by 3.1%. In Thessaloniki, the second largest city, prices fell 9.7%. Things have started to improve and prices have gone up in recent years, however.

Greece is big…and diverse. There are no square meter ball park figures. As with any country, price is driven by demand. In Athens and the major cities this demand is usually driven by employment opportunities, the most desirable neighborhoods etc. On the popular tourist islands, the strength of the demand from foreign and Athenian buyers is a major factor.

Resources

From the Archives of Greece

Sunset on the Andes…and an Enriching Overseas Life

Sunset on the Andes…and an Enriching Overseas Life

Living overseas has its benefits…even if you’re not ready to retire yet.The daily commute becomes a cycle to work along a beach path in Portugal…marking essays is not so tedious while sipping mango juice in a bustling cafe in Brazil…the weekly shop for groceries is spiced up immeasurably by a trip to Mercado Central in La Vega, Santiago.

Forget the Starving Writer Cliché…I Earned $500 in an Hour

Forget the Starving Writer Cliché…I Earned $500 in an Hour

A few years back, I was working a full-time, regular 9-to-5 teaching job. My bosses were inflexible, I was stressed, and I couldn't stand the work. When you're a teacher, you can't just take time off to travel. I'm also not a morning person, and waking up at 6 a.m. every day was tough. I was following the rules...and I don't like following rules. Writing was always my passion, but I had no idea how I would go about actually earning a living writing. Writers don't earn livings, everyone knows that. Right?

Who Said Nothing in Life Comes for Free?

Who Said Nothing in Life Comes for Free?

I get to see a lot of the world. New Zealand... Spain... Ireland... Turkey... Germany... Thailand. I love being on the road. But what makes these adventures extra special is this... I don’t have to pay a penny for any of them. I love dressing up. I love oysters. And I especially love the flamboyant world of opera. And even though it was practically last minute...

Thailand, Cambodia and Malaysia: Three Great Destinations to Live in Southeast Asia

Thailand, Cambodia and Malaysia: Three Great Destinations to Live in Southeast Asia

Countries
By |
September 12, 2018

Living in Southeast Asia is a lot easier than you probably think…it’s easier to get around, to get what you need, to find a community that will welcome you. While the distance may be intimidating, the reality on the ground is much less so than you may imagine. Expats living in this part of the world report that life is at once exhilarating, comfortable and affordable.

Thailand, Cambodia and Malaysia: Three Great Destinations to Live in Southeast Asia

Thailand, Cambodia and Malaysia: Three Great Destinations to Live in Southeast Asia

Countries
By |
September 12, 2018

Living in Southeast Asia is a lot easier than you probably think…it’s easier to get around, to get what you need, to find a community that will welcome you. While the distance may be intimidating, the reality on the ground is much less so than you may imagine. Expats living in this part of the world report that life is at once exhilarating, comfortable and affordable.