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

By Joshua Wood, LPC

Last updated on Nov 07, 2024

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

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How do I find a place to live in Zakynthos?

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

"Finding a place to live in Zakynthos, 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 capacity. Next, you should research the different areas of Zakynthos to decide where you'd like to live. The island has a variety of neighborhoods, each with its own unique charm and characteristics. Some areas are more touristy, while others are quieter and more residential. Once you've decided on a location, you can start your search for a property. There are several online platforms where you can find listings for rentals or properties for sale in Zakynthos, such as HomeGreekHome, Spitogatos, and Airbnb for short-term rentals. You can also contact local real estate agencies directly. They can provide you with a list of available properties and arrange viewings. Some reputable agencies in Zakynthos include EuroResales, Greek Island Homes, and Zakynthos Real Estate. When you find a property you're interested in, it's important to visit it in person before making a decision. This will allow you to assess the condition of the property, its proximity to amenities, and the neighborhood. Finally, once you've found your ideal home, you'll need to negotiate the terms of the lease or purchase agreement. It's advisable to hire a local lawyer to help you with this process to ensure that all legal aspects are properly handled. Remember, moving to a new country involves more than just finding a place to live. You'll also need to consider other factors such as healthcare, transportation, and cost of living. It's recommended to spend some time in Zakynthos before making a permanent move to get a feel for the island and its lifestyle," remarked one foreigner who made the move to Zakynthos.

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

"A typical expat home or apartment in Zakynthos, often boasts a stunning view of the Ionian Sea. These homes are usually designed in traditional Greek style, with white-washed walls, blue doors and windows, and terracotta roof tiles. The interiors are often spacious and airy, with high ceilings and large windows that let in plenty of natural light. The living area usually opens up to a balcony or a patio, perfect for outdoor dining or simply enjoying the beautiful Greek sunsets. The kitchen is typically equipped with modern appliances, while the bedrooms and bathrooms are comfortable and functional. Many expat homes also have a garden filled with olive trees and local flora, and some even have a private swimming pool. Despite their traditional appearance, these homes often come with modern amenities such as air conditioning, Wi-Fi, and satellite TV. They are usually located in quiet neighborhoods, but are still within easy reach of local shops, restaurants, and beaches," remarked one foreigner who made the move to Zakynthos.

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What is the average cost of housing in Zakynthos?

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

"The average cost of housing in Zakynthos can vary greatly depending on the location and size of the property. For instance, a small apartment in the city center may cost around a few hundred euros per month to rent, while a larger house in a more rural area could potentially cost several thousand euros to purchase. Luxury villas with sea views can be significantly more expensive. Therefore, it's important to thoroughly research and consider your specific needs and budget when looking for housing in Zakynthos," said one person in Zakynthos.

Should I buy or rent a home in Zakynthos?

If you have not spent a lot of time in Zakynthos, 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 Zakynthos, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Zakynthos for a long period or frequently visit, buying a home could be a good investment. Owning a property allows you to have a permanent base, gives you the freedom to make changes to the property, and could potentially provide a source of income if you decide to rent it out when you're not using it. On the other hand, renting a home in Zakynthos might be a better option if you're not planning to stay for a long time or if you're unsure about your future plans. Renting offers more flexibility as you can easily move without the hassle of selling a property. It also allows you to avoid the responsibilities and costs that come with property ownership, such as maintenance and property taxes. It's also important to consider the local real estate market conditions in Zakynthos. If property prices are high and predicted to fall, or if it's a buyer's market, it might be better to rent for now and buy later. Conversely, if property prices are low and predicted to rise, or if it's a seller's market, it might be a good time to buy. Lastly, consider your financial situation. Buying a home requires a significant upfront cost and ongoing expenses, while renting typically involves lower initial costs. Make sure to do a thorough financial analysis and consider seeking advice from a financial advisor or real estate professional before making a decision," said one expat who made the move to Zakynthos.

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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