Real Estate in Naxos, Greece
Last updated on Jun 10, 2024
Summary: Expats and retirees talk about real estate in Naxos, Greece? How do you find a home in Naxos? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Naxos?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Naxos, 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 larger house or villa. Next, you should research the different areas of Naxos 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 Naxos Town, while others might be drawn to the quieter, more rural areas. Once you've decided on a location, you can start looking for available properties. There are several online real estate platforms that list properties for rent or sale in Naxos, such as Spitogatos, XE, and HomeGreekHome. These websites allow you to filter your search based on factors like price, size, and location. In addition to online listings, you might also want to consider hiring a local real estate agent. They can provide valuable insight into the local market and help you find properties that might not be listed online. When you find a property you're interested in, you should arrange a viewing. This will give you a chance to inspect the property in person and ask any questions you might have. Finally, once you've found a place you like, you'll need to negotiate the terms of the lease or purchase agreement. This will typically involve discussing the price, the length of the lease (if you're renting), and any other conditions. Remember, it's important to read any contract thoroughly before signing it. If you're not fluent in Greek, you might want to hire a translator to ensure you fully understand the terms. Once the agreement is signed, you'll be ready to move into your new home in Naxos," explained one expat living in Naxos, Greece.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Naxos?
"A typical expat home or apartment in Naxos, often boasts a blend of traditional Greek architecture and modern amenities. The exterior of the homes usually feature the iconic white-washed walls with blue accents, reflecting the classic Cycladic style. Inside, the homes are designed to be comfortable and functional, with open-plan living areas, fully equipped kitchens, and spacious bedrooms. Many homes also have private balconies or terraces, offering stunning views of the Aegean Sea or the island's mountainous landscape. Some properties may even have a small garden with olive or citrus trees. The homes are often located within walking distance to local amenities such as markets, restaurants, and beaches. Despite the traditional exterior, the interior may be equipped with modern conveniences such as air conditioning, Wi-Fi, and modern appliances. Many expats choose to live in the island's main town, Chora, where they can enjoy close proximity to the bustling waterfront, historic sites, and vibrant local culture," explained one person living in Naxos, Greece.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Naxos?
If you are thinking about moving to Naxos, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Naxos can vary greatly depending on the location and size of the property. For a one-bedroom apartment in the city center, the monthly rent can be around 300 to 400 euros. If you're looking to buy property, the average price per square meter for an apartment in the city center is approximately 1,500 euros. However, prices can be significantly lower in more rural areas or for properties that require renovation," said one person in Naxos.
Should I buy or rent a home in Naxos?
If you have not spent a lot of time in Naxos, 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 Naxos, depends on several factors, including your financial situation, long-term plans, and personal preferences. If you plan to stay in Naxos for an extended period and have the financial means, buying a home can be a good investment. Owning a property allows you to build equity, customize your living space, and potentially earn rental income if you decide to rent it out when you're not using it. Additionally, Naxos is a popular tourist destination, which means that property values may appreciate over time. On the other hand, renting a home in Naxos offers more flexibility and fewer responsibilities. If you're unsure about your long-term plans or don't want to commit to a large financial investment, renting may be the better option. Renting allows you to explore different neighborhoods and types of homes without the commitment of ownership. It also means you won't have to worry about property maintenance, taxes, and other expenses associated with homeownership. Ultimately, the choice between buying and renting a home in Naxos depends on your individual circumstances and preferences. Consider your financial situation, lifestyle, and future plans before making a decision," said one expat in Naxos.
About the Author
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.