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Real Estate in Rhodes, Greece | Expat Exchange
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Real Estate in Rhodes, Greece

By Joshua Wood, LPC

Last updated on Jul 13, 2024

Summary: Expats and retirees talk about real estate in Rhodes, Greece? How do you find a home in Rhodes? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Rhodes?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Rhodes involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large villa, depending on your needs and financial capabilities. Next, you should research the different areas of Rhodes to decide where you'd like to live. The island has a variety of neighborhoods, each with its own unique character. Some people might prefer the bustling atmosphere of Rhodes Town, while others might be drawn to the quieter, more traditional villages. Once you've decided on a location, you can start looking for available properties. There are several online platforms that list properties for rent or sale in Rhodes, such as Spitogatos, HomeGreekHome, and XE. These websites allow you to filter your search based on factors like price, size, and location. In addition to online searches, you might also want to consider hiring a local real estate agent. They can provide valuable insight into the local market and help you navigate the process of finding and securing a property. When you find a property you're interested in, it's important to visit it in person before making any commitments. This will give you a chance to inspect the property and the surrounding area, and to ask any questions you might have. Finally, once you've found a property you like, you'll need to negotiate the terms of the lease or purchase agreement. This will typically involve a discussion about the price, the length of the lease, and any other conditions. Remember, it's always a good idea to seek legal advice before signing any contracts to ensure that your interests are protected," remarked one foreigner who made the move to Rhodes.

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What is a typical expat home or apartment like in Rhodes?

"A typical expat home or apartment in Rhodes, often reflects the traditional Greek architecture with a modern touch. The exterior is usually white or light-colored, with blue accents, reflecting the colors of the Greek flag and the surrounding sea and sky. The interior is often spacious and airy, with high ceilings and large windows that let in plenty of natural light. The living room usually has comfortable seating and a dining area, while the kitchen is fully equipped with modern appliances. Bedrooms are typically large and comfortable, often with en-suite bathrooms. Many homes and apartments also have balconies or terraces, offering stunning views of the sea, mountains, or cityscape. Some properties may also have a small garden or courtyard, often with olive or citrus trees. The homes are usually located in safe and friendly neighborhoods, close to local amenities such as shops, restaurants, and schools. Many expats choose to live in coastal areas for the beautiful beaches and sea views, or in the Old Town for its rich history and vibrant culture. Despite the modern comforts, these homes often retain charming traditional features such as stone walls, wooden beams, and tiled floors. In terms of amenities, many expat homes in Rhodes come with air conditioning, essential for the hot summer months, and heating for the cooler winter period. Some may also have a swimming pool, particularly if they are located in the more upscale areas. Despite the idyllic setting and high standard of living, the cost of living in Rhodes is generally lower than in many other European destinations, making it a popular choice for expats," said one expat in Rhodes.

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What is the average cost of housing in Rhodes?

If you are thinking about moving to Rhodes, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Rhodes can vary greatly depending on the location and size of the property. For instance, in the city center, you might expect to pay a higher price compared to the outskirts. On average, you could expect to pay a moderate amount for a one-bedroom apartment in the city center, while the same size apartment outside the city center would typically cost less. For larger properties, such as a three-bedroom apartment in the city center, the price would be significantly higher, and again, less for the same size property outside the city center. Please note that these are average prices and actual costs may vary," said one person in Rhodes.

Should I buy or rent a home in Rhodes?

If you have not spent a lot of time in Rhodes, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Rhodes, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Rhodes for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide a sense of stability and permanence. On the other hand, if you're unsure about your long-term plans or if your stay in Rhodes is temporary, renting might be a better option. Renting offers more flexibility, as you can move without the hassle of selling a property. It also allows you to avoid the responsibilities and costs that come with home ownership, such as maintenance and property taxes. It's also important to consider the real estate market in Rhodes. If property prices are high and continue to rise, buying a home could be a good investment. However, if prices are stagnant or falling, it might be more economical to rent. Lastly, consider your financial situation. Buying a home requires a significant upfront cost, including a down payment and closing costs. If you don't have enough savings, renting might be a more feasible option. However, if you can afford the upfront costs and the ongoing mortgage payments, buying a home could be a good long-term investment. In conclusion, the decision to buy or rent a home in Rhodes, Greece, depends on your personal circumstances, financial situation, and long-term plans. It's important to carefully consider all these factors before making a decision," explained one expat living in Rhodes, Greece.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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