Retirement to Greece?

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Retirement to Greece?


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Old 5th August 2012, 02:49 PM
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Default Retirement to Greece?

I'm retiring in about five years, I think; I want to be someplace by the water, where it's warm all the time. Anyone know about retiring to Greece? I know the economy is having problems.

Also, could I give music lessons (assuming I spoke Greek, which I am currently studying), without getting into trouble with the authorities for the income?

TIA

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Old 2nd September 2012, 10:11 PM
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Are you an American citizen? If so, you can't retire to Greece legally. Do you also have a EU citizenship or does your spouse?

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Old 3rd September 2012, 06:34 AM
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Quote:
Originally Posted by wka View Post
Are you an American citizen? If so, you can't retire to Greece legally. Do you also have a EU citizenship or does your spouse?
that answer is not correct: as an American citizen you CAN retire to Greece, but need a permit first (you would need to prove sufficient income). EU citizenship makes retiring within EU much easier.

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Old 3rd September 2012, 01:09 PM
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Minerva, yes you're right of course, I assumed that the poster was on a regular pension. You can also get a permit by investing around €60,000 in a Greek business (this was the case when I did my permit although it may have changed - that was a few years ago).

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Old 6th January 2013, 12:57 PM
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Luckily Im in the EU then. I would like to retire as well in Greece. The cold north is a bit too cold if you ask me

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Old 7th January 2013, 09:45 AM
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Mvintar,
I retired to the Peloponnese in 2008. The area is unspoilt and of course has great weather 90% of the year. The recent opening of new motorway makes it now easier to get to Athens should the need arrive. To try and give some info.....
Greek Islands can result in more expensive cost of living, and of course some have limited health facilities which mean added expense if you have to come to the mainland. Something worth considering in retirement.

DO NOT rely on trying to earn an income! If you can not survive on your pension, seriously consider if you should retire here. I can not see the likely hood of work getting better in the immediate years to come.

Greece is a bureaucratic nightmare, but with patience (a good humour) and lots of time it is possible to break through.......
Legally teaching requires some formal "Greek" recognised qualifications, (I think), but I will let someone else answer that as I do not have the experience. As non EU citizen you need also check out your "right to work" if you do intend working here. Once resident in Greece all your worldly income will be taxed in Greece also......
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Old 9th January 2013, 03:46 PM
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Quote:
Originally Posted by mvintar View Post
I'm retiring in about five years, I think; I want to be someplace by the water, where it's warm all the time. Anyone know about retiring to Greece? I know the economy is having problems.

Also, could I give music lessons (assuming I spoke Greek, which I am currently studying), without getting into trouble with the authorities for the income?

TIA
hi if you want to be warm all the time then cyprus seems to have the easiest winters as l have seen from the weather forecastes on tv.nowhere is warm all year in greece.l live in athens with my husband who luckily still has a job but we have a house about l hour and a quarter from athens.over 50 years old l would say you need to be not too far from quick easy access to hospitals and doctors.athens has some extremley good surgeons and doctors.lts vital to have private medical insurance here and of course the airport is so close too.Just an hour out of athens going west and its stunning, beautiful, with the sea and mountains wonderful locally produced food, fresh milk from sheep, eggs etc .A beautiful sea fed lake next to an ancient site where many german and italian people go each year with camper vans.If my husband was retired we would live in the cottage.He is a musician and studies at a local school.Its possible to teach privately here but you need qualifications.Weather warms up in april untill end november,spring and autumn are glorious.HOPE THIS HAS HELPED YOU A LITTLE,ALWAYS REMEMBER,DONT GO TOO REMOTE.Good luck and best wishes.

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Old 10th January 2013, 01:05 PM
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mary anderson lm not quite sure what you are asking please be more specific.

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Old 2nd April 2013, 03:46 PM
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Quote:
Originally Posted by mvintar View Post
I'm retiring in about five years, I think; I want to be someplace by the water, where it's warm all the time. Anyone know about retiring to Greece? I know the economy is having problems.

Also, could I give music lessons (assuming I spoke Greek, which I am currently studying), without getting into trouble with the authorities for the income?

TIA
Mvitar-I lived in Greece for 22yrs-it is different,everything is GREAT but the burocracy is a nightmare,I believe you need to speak a bit of Greek as well although 90% of the folks do speak english.The people are very friendly,I have a house-villa with 1 acre of garden or land around it with fantastic sea views overlooking the saronic gulf! If you are an artist you need to see the place.It is only 40km out of athens 1/2 way to Sounion and 5 minutes by car from the sea.I do not wish to sell it as I built it with my own hands and cry just at the thought! I am happy to compromise a decent rental,long term, as I live in South Africa because of my son working here.Think about it-best part of both worlds-out in the countrysied and close to the City-1 hour away,15 minutes to the airport.

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Old 7th April 2013, 06:15 AM
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I have a villa and pool in Greece which I visit once a year. It was my intention to retire there, but the medical facilities were too third world and my wife vetoed the idea, but only after I had spent all my savings on the build. I have been trying to sell up for years now, but its very difficult if you are looking for a fair price. Bureaucracy, tax, car ownership and anything to do with construction are a nightmare.
Greece is great for a holiday but very different for home owners. I would advise going for long term rental and get familial with the place before making a financial commitment.

The financial crisis has hit Greece very hard and costs of basics have rocketed. The islands are nice, but more expensive than the mainland and far more difficult to access. I wish I had chosen more wisely when looking for my retirement home.

John

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