Debunking 8 Myths About Living in Greece as a Retiree

You may have been dreaming of retiring to Greece since your last summer holiday, but perhaps you were held back by some doubts. Let's find out what is true and what is -in fact- just a myth.

Myth 1: Greece Is Too Bureaucratic and Complicated for Retirees

It’s true that Greece has its share of bureaucracy, but it’s manageable with the right guidance. It is recommended to hire local professionals to help with the paperwork for residence permits, tax returns, and property purchases.

That said, public digitalisation has been a pinnacle of the government's strategy since Covid, and nowadays Greece positions ahead of many other Western European countries in this field. Things like rental agreements or car purchases are done online, ensuring better transparency and accountability.

Myth 2: The Healthcare System Is Subpar

This myth is just an injustice, as Greece’s healthcare system offers excellent services! While the public sector could have long wait times for non-emergency procedures, private healthcare is affordable (even without insurance) and accessible. It is worth mentioning that in the case of special medical needs, it is advisable to live closer to urban centres like Athens and Thessaloniki.

In addition, Greece’s warm climate and Mediterranean diet contribute to a healthier lifestyle overall, which can enhance your well-being and reduce healthcare needs.

Myth 3: The Language Barrier Makes Everyday Life Difficult

While Greek is the official language, and it may take some time to learn it, many locals speak English - especially the younger generations and those living close to expat destinations. Movies in Greece are usually not dubbed, and street signs are transliterated.

That said: If you like languages, learning some basic Greek can go a long way in integrating into the community and connecting with the local culture!

Also keep in mind that if you decide to apply to permanent residence or citizenship after being resident for a few years, you will need to demonstrate an intermediate knowledge of Greek.

Myth 4: Greece Is Too Expensive for Retirees

As outlined in our recent Cost of Living in Greece article, Greece offers a wide range of affordable living options. It is not uncommon to meet people living with less than €1,000 a month, and in general the country can provide a high quality of life at a fraction of the cost compared to other European retirement destinations. As for every country, location is key (avoid Mykonos and Santorini) and embracing a local lifestyle can significantly benefit your budget.

Myth 5: It’s Only for Beach Lovers

Undoubtedly Greece boasts some of the world's best beaches, but there is a lot more to explore in the country. From picturesque mountain villages in the North, to lake-city like Ioannina, to the bustling cultural hub of Athens, retirees can find diverse environments to suit their preferences. Read more on our article on the Top 15 Destinations to Retire in Greece.

Myth 6: Greece Is Only for EU Citizens

While EU citizens enjoy simpler immigration processes for retiring to Greece, non-EU citizens also have clear options. Programs like the Golden Visa or the FIP visa allow non-EU retirees to live in Greece legally.

The fiscal benefits are the same no matter where you're from (to the extent you are a new resident), and Greece’s favourable tax incentives for retirees relocating from abroad makes it a very attractive option. Read more in our Step by Step Guide to Retiring in Greece and in our deep dive on the Greek 7% Income Tax for Pensioners.

Myth 7: Retirees Will Feel Isolated

The expat retirees population is smaller than in Spain or Portugal, but this could be a benefit in terms of authenticity, cost of living and tax incentives. Moreover, far from being isolated, retirees often find a welcoming and vibrant community in Greece. Many towns and islands have thriving expat communities with social groups, events, and activities specifically for retirees. You’ll also discover that Greeks are incredibly warm and hospitable, making it easy to build friendships and connections.

Myth 8: Greece Is Unsafe for Retirees

Greece is one of the safest countries in Europe. Crime rates are relatively low, particularly in smaller towns and rural areas. Of course, as with any country, common sense precautions should be taken, especially in larger cities or tourist-heavy areas. Overall, retirees report feeling secure and welcomed in their communities.

Conclusion

Retiring to Greece is a dream that’s well within reach for many people. By debunking these common myths, we hope to shed light on the realities of living in Greece as a retiree.

If you’re considering making the move, reach out for a free first consultation to understand your eligibility and discuss how we can support you in your journey.