How Greece Became a Top Destination for Retirees?

Greece has been a magnet for travelers for years with its sunny beaches, historic charm, and relaxed pace. But recently, many retirees have moved to Greece after retirement to enjoy a slower, comfortable, and worry-free life. This country gives them affordability, peace of mind, and the long-term comfort they seek.

There is no doubt why Greece ranked 8th in the 2025 Global Retirement Index, which is winning over pensioners worldwide. But what exactly makes this Mediterranean gem so appealing for retirement? 

Let's see the details together!

Greece: A Top Choice to Move After Retirement

Greece is steadily gaining recognition as a leading retirement destination, thanks to its attractive blend of affordability, mild Mediterranean weather, high quality of life, and clear immigration policies. It gives retirees a sense of freedom and tranquil space that quickly makes them feel at home. Here is a detailed version of why Greece has become an expat’s favorite over the past few years. 

1. A Lower Cost of Living

One of the biggest draws for retirees is the lower cost of living compared to many other European and Western countries. Whether renting an apartment by the sea or dining out regularly, everyday expenses are often significantly more manageable than in places like the UK,  the U.S, or Canada.

From groceries and utilities to transportation and healthcare, Greece makes it easier for retirees to enjoy a better quality of life on a humble budget. This affordability is among the top 5 reasons retirees are moving to Greece. 

2. Attractive Real Estate Options

Housing in Greece is another significant advantage due to its affordability. The real estate market offers both variety and value. Whether you’re interested in a small apartment in Athens, a traditional home in a village, or a beachside property on one of the islands, the prices are often more affordable than in other parts of Europe.

Many retirees see buying a home here as a lifestyle upgrade and a wise investment, especially as some regions continue to grow in popularity with international buyers.

For those considering investment potential, our article on Retiring in Greece: 15 Destinations with Expert Insights for 2025 can help narrow your search to the most promising areas.

3. Mediterranean Lifestyle and Warm Hospitality

Why does Greece’s lifestyle stand out? The pace of life in Greece is slower, more relaxed, and centered around social connections. Individuals who relocate to Greece for retirement often find that this easy-going lifestyle improves their well-being. The environment is welcoming and laid-back.

This lifestyle promotes better health habits with sunshine, fresh air, and a diet rich in vegetables, olive oil, and fresh seafood. Many retirees find their physical and mental health improving naturally over time.

4. Access to Quality Healthcare

Are you worried about expensive healthcare after retirement? You don't have to! Healthcare in Greece is both high-quality and affordable. The country offers public and private medical systems for faster service, with English-speaking doctors. Most private health insurance options are often reasonably priced, giving retirees peace of mind without straining their budgets. The basic private health insurance required for a residence permit usually costs around €150/year. For those who retire in Greece, access to good care is a significant reason why retiring in Greece is a sustainable choice. 

5. Strong Expat and Retiree Communities

Greece is still more authentic than famous retirement hotspots like Spain and Portugal; that said, it does have several vibrant and active expat hubs. There are many established expat communities in Greece, particularly in popular areas like Athens, Crete, and other islands like Rhodes and Corfu. These networks offer social support, friendship, and local tips, making settling in easier. Whether it’s social clubs, language classes, or organized activities, there are plenty of ways to feel at home and stay active.

For those pursuing senior living abroad, having others who’ve made the same move helps ease the transition and adds a strong sense of community.

6. Tax Incentives for Foreign Pensioners

The Greek government offers significant incentives to foreign retirees who decide to relocate. One of the most attractive is the 7% flat tax rate on foreign pensions for those who move their tax residence to Greece. This makes financial planning simpler and potentially more beneficial for retirees used to higher tax brackets in their home countries.

These policies show that Greece isn’t just a retirement spot in Europe. The country is also making smart decisions to welcome long-term international residents.

7. Flexible Residency and Visa Options

Non-EU citizens looking to relocate to Greece after retirement can take advantage of two main visa pathways. The most common one is the Financially Independent Person route, a “residency by income” option, designed for retirees with stable monthly incomes or large savings. The availability of these programs shows that the Greek government is actively supporting international retirees who want to make a permanent move.

8. Retirement Discounts and Everyday Perks

In Greece, senior citizens are often offered a 20%–25% discount on the Hellenic Train system, ferries, entertainment venues, museums, tourist attractions, and more. These perks might seem small, but they can make daily life easier and cheaper. These small benefits make Greece one of the best places to move after retirement. Whether visiting a museum, riding a ferry, or getting prescriptions, being a retiree in Greece has its benefits.

9. Rich History and Everyday Beauty

For retirees who appreciate history, Greece offers a wealth of experiences. Ancient ruins, classical architecture, and centuries-old villages are part of everyday life. At the same time, modern life with cafés, local events, and vibrant local markets blends seamlessly with this backdrop. Even a simple walk through town can feel like stepping into a postcard, adding a unique charm to daily living.

Final Thoughts

Retiring abroad is a life-changing decision, and you shouldn’t have to navigate it alone. At Mitos Relocation, we support you through every step of your move to Greece, with expert guidance, local knowledge, and personal care. From legal paperwork to finding the right home and accessing healthcare, we take the weight off your shoulders, so you can focus on building the life you’ve been dreaming of.

Considering a move to Greece but still have questions? Visit our FAQ page, where we answer the most common concerns retirees face before relocating. Book a free consultation with Mitos Relocation and start your next journey!

FAQs

Q1. Is Greece a good place to retire for non-EU citizens?

Yes, Greece offers several residency visa options for non-EU retirees, such as the Financially Independent Person permit. These programs allow retirees with stable monthly incomes to settle legally in the country.

Q2. What are the tax benefits for retirees moving to Greece?

Greece offers a flat 7% income tax on foreign pensions and other foreign income for qualifying retirees who move their tax residence to Greece. This policy is especially attractive to those coming from higher-tax countries.

Q3. How much does it cost to live in Greece as a retiree?

The cost of living in Greece is significantly lower than in many Western countries. Housing, healthcare, transportation, and dining are more affordable, making it easier to maintain a high quality of life on a fixed income.

Q4. Do I need to speak Greek to retire in Greece?

While knowing Greek can help with integration, many areas popular with retirees—like Athens, Crete, and Corfu—have large expat communities and English-speaking services. It’s not a requirement, but it can enhance your experience. English levels in Greece rank among the highest in Europe.

Q5. What kind of healthcare can retirees expect in Greece?

Greece has both public and private healthcare systems. Retirees often opt for private care due to shorter wait times and English-speaking staff. Health insurance is also relatively affordable.