The cost of living in Greece is considerable lower than in most other EU countries, but it offers a good standard of living and a wonderful quality of life. Studies indicate that the cost of living in Greece is about 30% lower than Cyprus and Cyprus is 30% lower than Spains and Portugals. Over and above the lower cost of living, those who purchase property in Greece will be amazed by how inexpensive houses are. In addition Greece has a very low crime rate, low pollution, and plenty of sunshine. All things considered purchaser of holiday homes in Greece have an extremely attractive package.

Annual Income

A couple living permently in Greece can expect to require an annual income of around 10,000 (14,000 Euro). Example;

House running costs + food4816
Two people eating out twice per week1664
Garden maintenance 984
Car insurance 310
Petrol 5,000 miles per year at 2.25p per Gal... 360
Return trip to the UK to visit family and friends600
Contingency fund1266
Total per year10,000

Food Prices

Prices have risen quite steeply since the introduction of the Euro in 2002. Locally grown produce is cheap when in season. Imported and processed foods are often highly priced.

Furniture/Appliances

To give you an idea of the price of furniture and kitchen appliances, here are some examples for a typical starter package;

Electric cooker..350 (500)
Fridge freezer.350 (500)
1 x double bed..275 (400)
2 x single beds..350 (500)
Dinning table & 4 x chairs350 (500)
Three piece suit (1 x sofa 2 armchairs).730 (1200)
Patio furniture (plastic table & 4 chairs90 (150)
TOTAL COST.2586 (3750)

Consumers Rights

If you should be unlucky enough to buy a faulty product in Greece you have the same rights of complaint against a Greek retailer as in any other EU country. For further information or advise contact INKA, free tel: 11727 or 210 363 2443.

Car Running Costs

To purchase a small saloon car in Greece (Fiat Panda or similar) would cost around 4,600 (6,700Euro)

Fully comprehensive insurance and road tax is likely to be about 310. (450 Euro)

Petrol is about 65p per litre (0.91Euro)

Car Rental will be 20-30 per day, depending on size and duration of hire. For 15 days plus, the smallest might cost 18, and a 4WD between 25 and 40.

About Our Company

R & C Property Management Services offer a full range of property services including: real estate, property management, holiday rental accommodation and advertising, holiday home care services for you and your holiday guests. We can assist with building and designing new property, building maintenance and renovations. We can help you find a property and have a selection of houses and investment property located in the Messini, Kalamata, Methoni, Finikounda, Pylos, and surrounding areas of Messinia, Greece. Also we have established associations with other local companies, professionals and tradesmen.